Reasons to Buy Life Term Insurance

Don't Speak Insurance?
We Translate!

How does term life insurance work?

If your kids and wife depend on your income right now, you really need term life insurance. It helps protect your family by replacing your income, which makes term life one of the most important parts of your financial plan.

How much life insurance do I need?

It’s not complicated to find out how much life insurance to purchase; however, it does require some thought about what you want in your future. How much consumer debt do you have? What is your annual income? How many children do you have?

As a quick rule of thumb, 10 times your annual income is a good starting point.

Why is term better than whole life insurance?

Whole life insurance is grossly overpriced and not recommended as a general rule of thumb. It often costs hundreds of dollars more a month and includes a “savings” plan with a terrible return. Instead, you can pay a fraction for term life insurance and save or invest what you would have paid for whole life insurance. There are better ways to spend your money.

Reasons to buy life term insurance

Protect your family.
Cover children’s expenses.
Replace the spouse’s income.
Pay off debts.
Buy a business partner’s shares.
Pay off estate taxes.

Testimonials

“

"I work as a lender and my staff sees a lot of homeowners insurance policies. When my personal homeowners policy went through the system from the purchase of my home, my staff said its the lowest premium they had ever seen. Not to mention they got it within minutes.. Highly recommend Jared at Hill Insurance."
Clair Semrad

“

"I love it that every time we come in Jared makes the insurance process so much easier than it would be on our own! He explains everything so clearly and helps us save money! Totally recommend anyone that has any insurance needs to come see him, he's awesome!"
Denise Rivera

“

"Jared is awesome and super easy to work with I recommend hill insurance to everyone. Insurance is a nightmare but he makes it easy."
Jared Obrien

“

"I've been working with Jared Richards for close to 15 years that should say enough... They have been outstanding to work with. Anytime I have any questions they're always there to answer for me I will continue to use them for a long time if I can give them a 10 star rating I would."
Jared Clingo

“

"I want to compliment Cory at Hill Insurance, on my meeting with her on March 1st. She was extremely helpful and patient with all my questions. It was very obvious she wanted to give us the best rates/discounts possible, plus she made sure I understood everything. A JOB WELL DONE! A 10 star employee! Great place to shop home and auto insurance as well as any and all commercial needs!"
Chelsea Ricks

“

"Jared takes the time to listen to his clients and watch out for their best interest. I've seen him help his clients really make an educated choice about what insurance plan they need and then walking them through the process when they experience damages. A super straight agency."
Steve P.

Get Customized Insurance

Insurance can be complicated. Have one of our experts to help you. If business hours (9:00 am to 5:00 pm, Monday to Friday), call us to our office phone number (801) 226-0606 and talk to an insurance expert. For after hours, please fill the form and we will contact you as soon as possible.