Best Life Insurance in Arizona & Ohio - Protect What Matters Most

Term Life Insurance | Whole Life Insurance - Final expense | Annuities

All facts are from several of LIMRA’s life insurance consumer studies. Fact sheet may be reproduced in whole or in part if attributed to LIMRA. #HelpProtectOurFamilies

Who is the number 1 life insurance?

The great news is that with PJS Insurance Services in not only do you get the cheapest life insurance, but from the best Life insurance companies.

Where auto and home insurance protects your "stuff" and liabilities. Life insurance protects the people that rely on you the most. Life insurance can form a vital part of your family’s financial stability and well-being but, if you’re like most people, you may find the thought of shopping for the right type of coverage a little daunting.

Many financial experts consider life insurance to be the cornerstone of sound financial planning

“In 2015, approximately 30% of Americans say that they need more life insurance coverage – that’s approximately 70 million people.”

Life Insurance and Market Research Association (LIMRA), 2015 

Since that time, LIMRA’s updated “Facts About Life 2021” report shows significant increases in key areas of consumer concern. 

• In January 2021, just 52% of consumers reported owning life insurance (e.g., individual, employer-sponsored, etc.), which is down from 63% in 2011. 

•"Overall there are 102 million uninsured and underinsured Americans who know they need (or need more) life insurance coverage."

• Forty-two percent of Americans say their household would face financial hardship within six months should a wage earner die unexpectedly — 25% would struggle financially within a month.

Life insurance can be an important tool in the following situations:

• Replace income for dependents - If people depend on your income, life insurance can replace that income for them if you die. The most commonly recognized case of this is parents with young children. However, it can also apply to couples in which the survivor would be financially stricken by the income lost through the death of a partner, and to dependent adults, such as parents, siblings or adult children who continue to rely on you financially. Insurance to replace your income can be especially useful if the government- or employer-sponsored benefits of your surviving spouse or domestic partner will be reduced after your death.

• Pay final expenses - Life insurance can pay your funeral and burial costs, probate and other estate administration costs, debts and medical expenses not covered by health insurance.

• Create an inheritance for your heirs - Even if you have no other assets to pass to your heirs, you can create an inheritance by buying a life insurance policy and naming them as beneficiaries.

• Pay federal “death” taxes and state “death” taxes - Life insurance benefits can pay estate taxes so that your heirs will not have to liquidate other assets or take a smaller inheritance. Changes in the federal “death” tax rules between now and January 1, 2011 will likely lessen the impact of this tax on some people, but some states are offsetting those federal decreases with increases in their state-level “death” taxes.

• Make significant charitable contributions - By making a charity the beneficiary of your life insurance, you can make a much larger contribution than if you donated the cash equivalent of the policy’s premiums.

• Create a source of savings - Some types of life insurance create a cash value that, if not paid out as a death benefit, can be borrowed or withdrawn on the owner’s request. Since most people make paying their life insurance policy premiums a high priority, buying a cash-value type policy can create a kind of “forced” savings plan. Furthermore, the interest credited is tax deferred (and tax exempt if the money is paid as a death claim).

How are life insurance quotes are determined?

Life insurance companies use life expectancy as the basis for determining quotes. Anything that could shorten your life expectancy will typically lead to a higher price. This includes:

• Your current age.

• Your sex. (On average, women live longer than men.)

• Whether or not you smoke.

• Current health conditions, such as high blood pressure or heart disease.

• Your immediate family’s health history, such as if one of your parents has had cancer.

What is the Best life insurance for adults in Arizona or Ohio?

• Don’t let a health condition stop you from getting quotes - 80% of people overestimate the cost of life insurance. Term life insurance is an affordable way to provide a crucial safety net for your family.

• More than half of Americans (53%) say they haven’t purchased (or purchased more) life insurance because they are unsure how much they need or what type to buy.

• A third of consumers believe they would have to pay taxes on a life insurance death benefit and 4 in 10 aren’t sure. The reality is the proceeds from a life insurance death benefit are not taxed.

Is it worth getting life insurance?

The necessity of life insurance depends on your own personal and financial needs. At PJS Insurance Services we assist and help you determine the best life insurance for adults from the best life insurance companies in the state of Arizona and Ohio. 

 Call today at (602) 750-0616 

or Start a Free Life Insurance quote and start saving more to protect those that matter most. 

Now serving Toledo, Sylvania, Ottawa Hills and the state of Ohio. PJS Insurance Services offers you more choices and customized coverages at the lowest price. Call (419) 318-9130.

Need more information on what can be covered under a Life Insurance Policy? Check out below for more information. Every one is unique and can be customized to meet your needs and budget.