Physicians Life Insurance Company® —
a member of the Physicians Mutual family
How Much Life Insurance Do I Need?
In today’s economy, debts are up and savings are down.
That means life insurance is more important than ever to help keep your loved ones covered in the event something should happen.
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How to buy life insurance
Step 1: Find out what type of insurance you need
With life insurance, there are two basic types of insurance policies to choose from:
- Term life insurance provides protection for a specific amount of time only. It normally costs less than whole life insurance and often offers a higher benefit amount.
- Whole life insurance is coverage you can own for your entire life. Whole life insurance offers permanent protection, and normally has no renewal rate increases.
Step 2: Choose a reputable company
The insurance company you choose should:
- Have been in business for many years
- Be financially stable with strong ratings
- Retain high customer satisfaction
Step 3: Talk to an advisor
Talking to someone who knows the details about different insurance policies and can offer credible advice is invaluable. Contact one of our agents/producers for guidance. It’s simple and it’s free.
Step 4: Choose how you want to buy
There are many ways to buy a life insurance policy:
- By phone
- Through the mail
- With an agent/producer — virtually or in person, from the safety and comfort of your own home
Buying life insurance can be a simple choice with lasting value. Don’t leave your family unprotected — make the decision that can help keep them covered today.