brandlogo
Richard C Ahern Insurance LLC
Contact Us Get A Quote Blog Schedule A Meeting
Questions? Call us now. (203) 520-4973
Home
HomeAbout Richard AhernAbout Nancy AhernAbout Brenda FinizioContact UsGet a QuoteSchedule A Meeting
Medicare Advantage
Medicare Advantage PlansDifferent Types of Medicare Advantage Plans
Medicare Supplement
What is Medicare Supplement (Medigap) Insurance?Compare Medicare Supplement plans side by side
Medicare Part D
Part D Prescription Drug Plans
Medicare Resources
Medicare SimplifiedAre You Eligible for Medicare?Medicare: What you need to knowMedicare-Related Enrollment Dates and GuidelinesMedicare 2025 Costs at a GlanceWhere to Get Your Medicare Questions AnsweredWhat to Consider When Choosing or Changing My CoverageWhat to Do During Your First Year With MedicareCoordinated Medicare/Medicaid BenefitsGet your Medicare & You HandbookMedicare Medical Savings Account (MSA) PlansFive Things to Know About Your Medicare Card
Life Insurance
Navigating Life InsuranceTerm Life InsuranceWhat is Universal Life Insurance?Taking the Confusion Out of Linked BenefitsLife Insurance Policies and Cash ValueHow Much Life Insurance Is Enough?Difference between Simplified Issue Life Insurance and Guaranteed Issue Life InsuranceWhich Makes Sense for You: Permanent or Term Life Insurance?Why it’s Worth Considering Final Expense Insurance?Burial and Final Expense InsuranceUnderstanding Juvenile Life Insurance
Annuities
An Overview of Annuities

Term Life Insurance

Buying insurance of any kind is often confusing. In order to compare policies by price, you have to be sure that each policy carries the same benefits for the same amount, and figure in a dozen different factors. It’s enough to set your head spinning in most cases.

Term life insurance coverage can be relatively easy to comparison shop. It simply covers you in the event that you die before the end of the term for which you are covered.

How Term Life Insurance Works

Term life insurance will pay out a specified lump sum to the person that you name as beneficiary in the event that you die before the policy expires. The payout is subject to a few exclusions, most often suicide or other self-inflicted conditions.

Other than deciding if you want guaranteed or renewable premiums, there’s no need to worry about other bells and whistles, so comparing policies is a simple matter of comparing premiums among the various life insurance providers.

How Much Coverage Do You Need?

The biggest decision you’ll face is how much life coverage you need. The general rule of thumb is that, at a bare minimum, you should provide at least enough to pay off your outstanding debts and cover your funeral expenses. The face value of your policy should cover any remainder on your mortgage and other debts, and provide a cushion to help your family get back on their feet financially after your death. If you have young children, you should also cover your expected annual salary multiplied by the number of years until the youngest is no longer financially dependent.

What Factors Are Considered in Assigning a Premium?

There are a number of factors that may affect how much you pay for your policy aside from the amount of the death benefit you choose. These include your age, your gender, the state of your health and any pre-existing conditions, and whether or not you smoke. Smokers can expect to pay higher premiums than those who don’t use tobacco products.

Why Should You Buy Life Insurance?

If you are the major breadwinner or a major contributor to family income, you should be insured. No one likes to imagine what will happen if they die, but it makes sound financial sense. Potentially, your life insurance benefit can mean the difference between your family keeping the home in which you live and losing it to debt if you are no longer able to provide for them. In general, if you are carrying a mortgage, you should carry at least enough insurance to cover the remaining mortgage so that your heirs aren’t left with an ongoing financial impact.

Tips To Help You Save Money on Life Insurance:

 

  • Only buy what you need
  • Get the most appropriate coverage for a mortgage

 

Life Insurance
  • Navigating Life Insurance
  • Term Life Insurance
  • What is Universal Life Insurance?
  • Taking the Confusion Out of Linked Benefits
  • Life Insurance Policies and Cash Value
  • How Much Life Insurance Is Enough?
  • Difference between Simplified Issue Life Insurance and Guaranteed Issue Life Insurance
  • Which Makes Sense for You: Permanent or Term Life Insurance?
  • Why it’s Worth Considering Final Expense Insurance?
  • Burial and Final Expense Insurance
  • Understanding Juvenile Life Insurance
hispanic-family3

Richard C Ahern Insurance LLC

Follow Us

About Us

Our firm is staffed by proven insurance professionals committed to providing our clients with highly personalized service.

Other Links

Privacy Policy
Legal Terms

Address

1 Trap Falls Road
Suite 206
Shelton
Connecticut
06484
(203) 520-4973

This is a solicitation for insurance. Submitting information or calling numbers listed on this website will direct you to a licensed Agent/Broker.

Important disclosures about Medicare Plans: Medicare has neither endorsed nor reviewed this information. Not connected or affiliated with any United States Government or State agency. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.

© Copyright 2025Richard C Ahern Insurance LLCAll rights reserved.
Insurance Websites by AgentMethods
...