FOR BREAKING NEWS VISIT WWW.QNS.COM DECEMBER 14, 2017 • HEALTH • THE QUEENS COURIER 33
Buying life insurance can be
complicated. But it doesn’t need to be
Getting insurance can be famously
complex and time-consuming. Whether
it’s life, health, automobile or home, it
takes time to understand what coverage
you need and how to get it. As a result, it’s
easy to put off items that don’t feel truly
urgent until it’s too late.
Buying life insurance and helping to
protect your family in the event of the
unexpected is one of the most important
purchases you can make. Doing this
right requires a clear understanding of
how much coverage you need, what a
policy actually covers and how much you
can reasonably aff ord. Th at’s a tall order
But life insurance doesn’t need to be
complicated. Understanding the basics
- and taking advantage of the tools out
there that can help you fi nd the right policy
in just minutes - are all you need to
help protect your family’s future.
So, what do you need to know about life
insurance to make an informed decision?
Let’s answer your questions and clear up
some myths fi rst - and then explain your
Isn’t life insurance for older people? I’m
young and healthy. I don’t need it.
Th e answer is a resounding no, and
for obvious reasons: Even the young and
healthy are at risk for the unexpected,
from accidents to sudden illness. Life
insurance can help you and your loved
ones - whether that’s your children, parents
or siblings - prepare for the unknown
and make the right fi nancial decisions.
Laying the groundwork for that protection
now, when you’re healthy and young,
is an important step in building a sound
fi nancial future.
Th e good news is that there are diff erent
types of insurance policies that can
best serve you and your family’s needs.
Whole life insurance, which is what we
oft en think of when we’re considering a
life insurance policy, off ers coverage you
can’t outlive, with the cash value of the
policy growing over time.
If you have big responsibilities right
now and are still healthy, term life insurance,
which can replace income and cover
expenses in the unfortunate event of an
early death, might be the better option.
You can choose the timespan of the policy
based on your family’s needs (for example,
if you’re just starting your family, you
may want to opt for a 20- to 30-year policy
to make sure your children are covered
until they’re adults). In an ideal world,
your family will never need the policy,
but it’s a strong safety net that can help
you feel more secure, regardless of what
the future holds.
But life insurance is expensive!
Life insurance costs can be high, yes -
but that’s not a given. Understanding the
amount and type of coverage you need
keeps costs down. Being underinsured
can be distressing in an emergency; being
over-insured can eat away at your fi nancial
planning. Opting for a term life policy
can help you solve these challenges. Th eir
premiums are typically lower, and allow
you to only cover the most likely scenarios
for your age demographic.
Th is helps, but I’m still not sure which
policy I need. And I’m too busy to keep
Th is is where products like TruStage(R)
come into play. You don’t need to spend
hours assessing your risk and sorting
through the clutter yourself; you have
access to an online application as well
as licensed agents that can help take the
guesswork out of the process.
TruStage off ers a simplifi ed-issue term
life insurance product that helps demystify
the process for you through an online
application process that takes about 10
minutes to complete.* Aft er answering
a few health questions, their automated
process delivers a decision in minutes,
off ering coverage amounts of $5,000 to
$300,000 to provide protection for home
mortgages, children’s education, income
replacement and fi nal expenses. It also
provides coverage options based on your
budget, rather than making you estimate
the amount of coverage you need.
In other words, in the time it takes you
make a box of mac ‘n’ cheese, you could
help protect your family.
Where do I go to get started?
Visit www.trustage.com to fi ll out the
online form. Include if you’re a credit
union member, but even if you aren’t,
you could still be eligible to apply for coverage.
Questions about TruStage? Call 1-855-