Life Insurance For Florida

The Life Insurance Florida Needs

As difficult as it is to think about your own mortality, this is one circumstance where ignorance is not bliss. Hospital bills, end-of-life care, and burial/memorial expenses can be debilitating for your surviving family and friends. And if you pass away suddenly, this financial stress only adds to an overwhelming emotional burden.

Yet despite the necessity of this coverage, more than half of all Americans have no life insurance and those that do tend to be underinsured.

Whether you have a family or not, your passing will have an impact on those you leave behind. And there is no better way to make sure that they are taken care of than a life insurance policy.

Essential Protection

It's the only policy that you're guaranteed to need. Make sure your loved ones are protected when they need it most.

Affordable Coverage

Good news! Life insurance is probably a lot more affordable than you think. And for adequate protection, it's a small price to pay.

Customized Service

Buying life insurance online is no match for the customized attention you get from an independent insurance agent.

We Work For You

At HLI, we don't work for an insurance company, we work for you. Rest assured that you'll always get the guidance you need.

What Is Life Insurance?

Unlike your home or auto policy, life insurance isn’t designed to benefit you, but those you leave behind.

Whether you are the primary breadwinner, a stay-at-home spouse, or single with no dependents, your death will leave an indelible mark on your friends and family. In addition to paying funeral costs (the national average is around $10,000), they may be scrambling to pay off debt and replace your income.

But with a life insurance policy, you can make sure your loved ones don’t have to bear these financial burdens all on their own.

Life insurance pays the person(s) or organization of your choosing (i.e. the beneficiary) after you pass away. In addition to being non-taxable, life insurance benefits can be used for anything the beneficiary wants, from continuing education to paying off debts.

Your loss will already be an emotional blow to those you leave behind. But with a life insurance policy, you can alleviate the financial burden and continue to provide for them, even after you’re gone.

Why Do I Need Life Insurance?

Very few people enjoy the thought of their own mortality. Unfortunately, accidents happen anyway.

None of us can say for certain that we will live to a ripe old age. Life insurance acts as a safety net for your spouse, children, or extended family who will be left to pick up the pieces after you’re gone.

Think about what would happen to your family if you were to pass away suddenly. How would they pay your bills and outstanding debts? Who would pay for your funeral expenses? Even if you are a stay-at-home parent, who would take care of the children, clean the house, and run errands?

Life insurance can help your surviving family answer all of these questions.

It’s the only insurance that everyone generally needs.

The Coverage You Need

Types of Life Insurance

The good news is that life insurance is not “one size fits all.” There are three main types of life insurance for you to choose from.

Term

Term life insurance is only valid for a specific length of time, generally 10, 20, or 30 years. After that time, you can either renew your policy, let it lapse, or convert it into a different type of policy. Because of the shorter time length, term insurance is usually much more affordable than a whole or universal policy.

Whole

Whole life insurance is valid for the remainder of your life. Because you are guaranteed to get a payout (unlike a term policy), premiums tend to be higher than term policies, but they come with an added benefit. Your whole policy will accrue a cash value, which you can collect if you cancel your policy.

Universal

Similar to whole life insurance, universal policies are also valid for your entire life and come with a cash value. However, they are more adjustable than whole policies. You are able to choose how much money will be put toward the cash value, and even change your payout amount if you so choose.

How Much Life Insurance Do I Need?

Your life insurance coverage should reflect your needs.

Everyone who signs up for life insurance in Florida has different lifestyles, needs, and goals. As independent insurance agents, it’s our job to guide you toward the policies that make the most sense for you.

As your personal circumstances change, your life insurance should change too. Having an independent insurance agent on your side can ensure that you have consistent, quality coverage.

Ultimately, we recommend that you purchase as much life insurance as you can afford. However, that may be more than you think!

One of the most common myths about life insurance in Florida is that it’s too expensive. The truth is, the earlier you buy it, the more affordable life insurance is. For example, a healthy 35-year-old male can receive a 20-year $500,000 policy for as little as $35/month!

What Do I Need to Start a Life Insurance Quote?

The first thing you’ll need to sign up for life insurance in Florida is an independent insurance agent!

Shopping for life insurance on your own is time-consuming and confusing. Independent agents make the job easier and give you more choice in terms of coverage as well as budget.

Once we’ve taken the time to get to know your family’s needs and goals, we can shop the marketplace to find the carriers and policies that make the most sense for you. At HLI, we only offer policies by carriers that we know and trust.

Your Life Insurance

Experts

We’ve spent the last 30 years building a reputation of honesty, integrity, and unmatched customer service in the Orlando area. We’re not just insurance agents, we’re customers, too. And we put this firsthand experience to work every day to make sure our clients have the best coverage that we’re able to match them with.

At Harry Levine Insurance, we don’t work for the insurance companies, we work for you.

Life insurance is one of the most underused policies on the market today, yet it is also one of the most essential. Everyone can benefit from having life insurance coverage and it only becomes more expensive the longer you wait to purchase it.

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