Scott Reitz - Country Financial

If you’ve ever thought that you may not have enough life insurance, you’re not alone. According to the 2025 Insurance Barometer Study Report, 25 million Americans feel that they are underinsured, while 74 million Americans don’t have any life insurance at all.

So, what stops us from getting the coverage we know we need? Cost, or more accurately, perceived cost. Historically, nearly three-quarters of Americans overestimate the cost of a basic term life insurance policy. It’s worth noting that respondents, 35 and under, who said they were healthy overestimated the price of life insurance 7-10x the actual cost.

The truth is the right life insurance for your needs might be more affordable than you think. Learn more about life insurance and what options are available to you at countryfinancial.com/life.

You’ve heard that life insurance is good to have, but maybe you don’t know much more than that. You’re not alone! Read on to get answers to life insurance questions.

What is life insurance?
Life insurance provides your family with money to pay debt, funeral expenses and more if you die. You pay your insurance company a premium. In return, your beneficiaries (the people you select) will get the death benefit when you pass away.

Types of life insurance
• Term life insurance – is coverage for a specific amount of time (10-30 years). If you die during that time, your beneficiaries get the death benefit.
• Permanent life insurance – provides lifetime coverage that builds cash value, like how you build equity in your home.

How does life insurance work?
• For a term policy, select a policy term (10-30 years) and the amount of money you’d like your beneficiaries to get if you die during that time.

• For a permanent policy, if you make the required payments and don’t allow the policy to lapse, you’ll get lifetime coverage. Plus, you can access the policy’s cash value while you’re alive.

Do I need life insurance?
People need life insurance for lots of reasons. Here are the top five:
• Funeral expenses
• Wealth transfer
• Income replacement
• Mortgage pay off
• Retirement income supplement

To find out what type and how much life insurance you need, give me a call today and let’s talk!

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