Life insurance is a crucial financial tool that provides peace of mind and security for your loved ones. At Seibel Insurance, we understand the importance of protecting your family's future. A life insurance policy is a contract that ensures your beneficiaries receive a death benefit payout if you pass away while the policy is active and premiums are paid.
At Seibel Insurance, we offer a variety of life insurance policies to meet the diverse needs of our Central Illinois clients. Here are some of the types of life insurance we can provide:
What you need to receive a quote
Coverage Amount Calculation
When determining how much life insurance coverage you need, consider:
Your current annual income: A common rule of thumb is 10-15 times your annual income.
Outstanding debts: Include mortgages, car loans, credit card balances, and other liabilities.
Future expenses: Factor in costs like your children's education or your spouse's retirement.
Existing assets and insurance: Consider savings, investments, and any current life insurance policies.
Personal Medical History
Be prepared to provide information about:
Height and weight
Current medications and dosages
Past and current medical conditions
Surgeries or major medical procedures
Smoking status and alcohol consumption
Dangerous hobbies or occupations
Family Medical History
Insurers typically ask about the health history of your immediate family members, including:
Parents and siblings
Major illnesses like heart disease, cancer, or diabetes
Age of onset for any serious conditions
Cause and age of death for deceased family members
Financial Information
Be ready to provide details about your financial situation, including:
Annual income from all sources
Net worth (total assets minus liabilities)
Other life insurance policies you currently have
Financial obligations and goals
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