{"id":1420,"date":"2017-08-08T15:32:51","date_gmt":"2017-08-08T15:32:51","guid":{"rendered":"https:\/\/smitherwoodinsurance.com\/?p=1420"},"modified":"2020-03-07T16:02:31","modified_gmt":"2020-03-07T21:02:31","slug":"6-things-know-buying-life-insurance","status":"publish","type":"post","link":"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/","title":{"rendered":"6 Things to Know Before Buying Life Insurance"},"content":{"rendered":"<p><a href=\"https:\/\/www.fidelity.com\/growing-managing-wealth\/life-insurance-planning\/what-is-life-insurance\">Life insurance<\/a> can provide your loved ones with protection in case of a death. While it can be a heavy topic to plan for, it\u2019s ultimately a protective measure for your loved ones. Here are six things you should know before purchasing a life insurance policy;<\/p>\n<ul>\n<li>There are two different types of life insurance. Term &amp; Whole Life. Term life insurance provides financial protection for a certain period of time. If you die within this period, your beneficiaries receive a payout, or \u201cdeath benefit.\u201d Whole life insurance, however, covers you for the entirety of your life, and is generally more expensive and complicated than term life insurance.<\/li>\n<li>Life insurance isn\u2019t just about covering your loved ones in case you die. In addition to covering the salary you contributed to your household, it\u2019s also meant to cover your funeral and burial expenses.<\/li>\n<li>Young, healthy people could benefit from life insurance too. Although many young people may not have death on their radar, the younger and healthier you are, the lower your premiums will be, especially if you purchase whole life insurance early.<\/li>\n<li>Your employer\u2019s life insurance policy may not be enough. If your employer offers life insurance through a group policy, the coverage may not be enough to care for your loved ones, since coverage may be limited to 1-2x your salary.<\/li>\n<li>You may need life insurance, even if you have no dependents. Life insurance doesn\u2019t just benefit children of a policyholder. Many cohabitating couples, elderly parents, or other close relatives could still benefit from a policy.<\/li>\n<li>Your policy should change with the times. Once you purchase life insurance, it\u2019s important to do regular reviews to ensure your plan still fits your needs. Life changes such as a change in income, starting a family, or health issues may change your coverage needs.<\/li>\n<\/ul>\n<p>Navigating the various options regarding life insurance can be daunting. That\u2019s why as a <a href=\"https:\/\/smitherwoodinsurance.com\/whats-insurance-broker-anyway\/\">broker<\/a>, I do the legwork in finding the right coverage and carriers to fit your needs, all at no cost to you. At <a href=\"https:\/\/smitherwoodinsurance.com\/\">Smitherwood Insurance<\/a>, we\u2019re proud to offer all the resources and benefits of a large agency without sacrificing personal service and care.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Life insurance can provide your loved ones with protection in case of a death. While it can be a heavy topic to plan for, it\u2019s ultimately a protective measure for your loved ones. Here are six things you should know before [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1422,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>6 Things to Know Before Buying Life Insurance | Smitherwood Insurance<\/title>\n<meta name=\"description\" content=\"Life insurance provides your loved ones with protection. Check out our list of things to know before purchasing a life insurance policy.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amanda\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/\"},\"author\":{\"name\":\"Amanda\",\"@id\":\"https:\/\/smitherwoodinsurance.com\/#\/schema\/person\/6c56ea391937d68eed3e7ce0dbce48ee\"},\"headline\":\"6 Things to Know Before Buying Life Insurance\",\"datePublished\":\"2017-08-08T15:32:51+00:00\",\"dateModified\":\"2020-03-07T21:02:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/\"},\"wordCount\":375,\"publisher\":{\"@id\":\"https:\/\/smitherwoodinsurance.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/smitherwoodinsurance.com\/wp-content\/uploads\/2017\/08\/Whats-an-insurance-broker-anyway-4-e1521332233994.png\",\"articleSection\":[\"Resources\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/\",\"url\":\"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/\",\"name\":\"6 Things to Know Before Buying Life Insurance | Smitherwood Insurance\",\"isPartOf\":{\"@id\":\"https:\/\/smitherwoodinsurance.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/smitherwoodinsurance.com\/wp-content\/uploads\/2017\/08\/Whats-an-insurance-broker-anyway-4-e1521332233994.png\",\"datePublished\":\"2017-08-08T15:32:51+00:00\",\"dateModified\":\"2020-03-07T21:02:31+00:00\",\"description\":\"Life insurance provides your loved ones with protection. Check out our list of things to know before purchasing a life insurance policy.\",\"breadcrumb\":{\"@id\":\"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#primaryimage\",\"url\":\"https:\/\/smitherwoodinsurance.com\/wp-content\/uploads\/2017\/08\/Whats-an-insurance-broker-anyway-4-e1521332233994.png\",\"contentUrl\":\"https:\/\/smitherwoodinsurance.com\/wp-content\/uploads\/2017\/08\/Whats-an-insurance-broker-anyway-4-e1521332233994.png\",\"width\":233,\"height\":133,\"caption\":\"Smitherwood Insurance - 6 Things to Know - Life Insurance\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/smitherwoodinsurance.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"6 Things to Know Before Buying Life Insurance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/smitherwoodinsurance.com\/#website\",\"url\":\"https:\/\/smitherwoodinsurance.com\/\",\"name\":\"Smitherwood Insurance\",\"description\":\"Building a Solid Insurance Foundation\",\"publisher\":{\"@id\":\"https:\/\/smitherwoodinsurance.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/smitherwoodinsurance.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/smitherwoodinsurance.com\/#organization\",\"name\":\"Smitherwood Insurance\",\"url\":\"https:\/\/smitherwoodinsurance.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/smitherwoodinsurance.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/smitherwoodinsurance.com\/wp-content\/uploads\/2020\/03\/smitherwood-logo640.png\",\"contentUrl\":\"https:\/\/smitherwoodinsurance.com\/wp-content\/uploads\/2020\/03\/smitherwood-logo640.png\",\"width\":640,\"height\":183,\"caption\":\"Smitherwood Insurance\"},\"image\":{\"@id\":\"https:\/\/smitherwoodinsurance.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/SmitherwoodInsurance\",\"https:\/\/www.instagram.com\/smitherwoodinsurance\/\",\"https:\/\/www.linkedin.com\/in\/smitherwoodinsurance\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/smitherwoodinsurance.com\/#\/schema\/person\/6c56ea391937d68eed3e7ce0dbce48ee\",\"name\":\"Amanda\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/smitherwoodinsurance.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"caption\":\"Amanda\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"6 Things to Know Before Buying Life Insurance | Smitherwood Insurance","description":"Life insurance provides your loved ones with protection. Check out our list of things to know before purchasing a life insurance policy.","robots":{"index":"noindex","follow":"follow"},"twitter_misc":{"Written by":"Amanda","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#article","isPartOf":{"@id":"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/"},"author":{"name":"Amanda","@id":"https:\/\/smitherwoodinsurance.com\/#\/schema\/person\/6c56ea391937d68eed3e7ce0dbce48ee"},"headline":"6 Things to Know Before Buying Life Insurance","datePublished":"2017-08-08T15:32:51+00:00","dateModified":"2020-03-07T21:02:31+00:00","mainEntityOfPage":{"@id":"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/"},"wordCount":375,"publisher":{"@id":"https:\/\/smitherwoodinsurance.com\/#organization"},"image":{"@id":"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#primaryimage"},"thumbnailUrl":"https:\/\/smitherwoodinsurance.com\/wp-content\/uploads\/2017\/08\/Whats-an-insurance-broker-anyway-4-e1521332233994.png","articleSection":["Resources"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/","url":"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/","name":"6 Things to Know Before Buying Life Insurance | Smitherwood Insurance","isPartOf":{"@id":"https:\/\/smitherwoodinsurance.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#primaryimage"},"image":{"@id":"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#primaryimage"},"thumbnailUrl":"https:\/\/smitherwoodinsurance.com\/wp-content\/uploads\/2017\/08\/Whats-an-insurance-broker-anyway-4-e1521332233994.png","datePublished":"2017-08-08T15:32:51+00:00","dateModified":"2020-03-07T21:02:31+00:00","description":"Life insurance provides your loved ones with protection. Check out our list of things to know before purchasing a life insurance policy.","breadcrumb":{"@id":"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#primaryimage","url":"https:\/\/smitherwoodinsurance.com\/wp-content\/uploads\/2017\/08\/Whats-an-insurance-broker-anyway-4-e1521332233994.png","contentUrl":"https:\/\/smitherwoodinsurance.com\/wp-content\/uploads\/2017\/08\/Whats-an-insurance-broker-anyway-4-e1521332233994.png","width":233,"height":133,"caption":"Smitherwood Insurance - 6 Things to Know - Life Insurance"},{"@type":"BreadcrumbList","@id":"https:\/\/smitherwoodinsurance.com\/resources\/6-things-know-buying-life-insurance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/smitherwoodinsurance.com\/"},{"@type":"ListItem","position":2,"name":"6 Things to Know Before Buying Life Insurance"}]},{"@type":"WebSite","@id":"https:\/\/smitherwoodinsurance.com\/#website","url":"https:\/\/smitherwoodinsurance.com\/","name":"Smitherwood Insurance","description":"Building a Solid Insurance Foundation","publisher":{"@id":"https:\/\/smitherwoodinsurance.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/smitherwoodinsurance.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/smitherwoodinsurance.com\/#organization","name":"Smitherwood Insurance","url":"https:\/\/smitherwoodinsurance.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/smitherwoodinsurance.com\/#\/schema\/logo\/image\/","url":"https:\/\/smitherwoodinsurance.com\/wp-content\/uploads\/2020\/03\/smitherwood-logo640.png","contentUrl":"https:\/\/smitherwoodinsurance.com\/wp-content\/uploads\/2020\/03\/smitherwood-logo640.png","width":640,"height":183,"caption":"Smitherwood Insurance"},"image":{"@id":"https:\/\/smitherwoodinsurance.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/SmitherwoodInsurance","https:\/\/www.instagram.com\/smitherwoodinsurance\/","https:\/\/www.linkedin.com\/in\/smitherwoodinsurance\/"]},{"@type":"Person","@id":"https:\/\/smitherwoodinsurance.com\/#\/schema\/person\/6c56ea391937d68eed3e7ce0dbce48ee","name":"Amanda","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/smitherwoodinsurance.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","caption":"Amanda"}}]}},"_links":{"self":[{"href":"https:\/\/smitherwoodinsurance.com\/wp-json\/wp\/v2\/posts\/1420"}],"collection":[{"href":"https:\/\/smitherwoodinsurance.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smitherwoodinsurance.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smitherwoodinsurance.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/smitherwoodinsurance.com\/wp-json\/wp\/v2\/comments?post=1420"}],"version-history":[{"count":5,"href":"https:\/\/smitherwoodinsurance.com\/wp-json\/wp\/v2\/posts\/1420\/revisions"}],"predecessor-version":[{"id":2148,"href":"https:\/\/smitherwoodinsurance.com\/wp-json\/wp\/v2\/posts\/1420\/revisions\/2148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smitherwoodinsurance.com\/wp-json\/wp\/v2\/media\/1422"}],"wp:attachment":[{"href":"https:\/\/smitherwoodinsurance.com\/wp-json\/wp\/v2\/media?parent=1420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smitherwoodinsurance.com\/wp-json\/wp\/v2\/categories?post=1420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smitherwoodinsurance.com\/wp-json\/wp\/v2\/tags?post=1420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}