Life Insurance for Millennials

Millennials are often described as carefree and somewhat irresponsible spenders. However, with the current pandemic-induced global crisis, many have become more cautious about their health and finances. Life insurance policies have become more popular in the light of unanticipated health-related emergencies and expensive medical care costs.

However, not all policies are created alike, and while looking for life insurance, you need to consider several factors.

Here are five important questions that you should ask yourself before taking out life insurance for millennials.

1. Why Do I Need Life Insurance?

Life insurance is important for everyone, irrespective of gender, age, or race. This policy is designed to provide financial support for those who may experience difficulties resulting from the policyholder’s demise. Your children, partner, or parents can be listed as beneficiaries in your policy and can benefit from the payouts after your demise.

2. Am I Too Young to Apply?

There is no such thing as being too young to apply for life insurance. In fact, the younger you are, the lower your premium is likely to be. This is because the possibility of a 30-year-old outliving a 20-year term policy is very high compared to a 60-year-old.

Waiting till you get married or have children may not be wise, as there’s no way to ascertain the future. Also, health problems can arise unexpectedly, so it is best to be prepared for such emergencies.

3. Term Life Vs. Whole Life: Which One Should I Choose?

Term life insurance is a good option for millennials because it is a straightforward proposition wherein the policyholders must pay a fixed premium over a specific period. If the policyholder dies within the period, the beneficiaries can make claims.

Whole life insurance covers the policyholder throughout their life. Although whole life insurance seems to the better option, it can cost ten times more than term life insurance.

4. How Much Coverage Do I Need?

The amount of coverage that you need depends on your unique circumstances. Ideally, you must consider the amount of financial support your beneficiaries will need in case of your demise. One way to determine the best coverage amount for you is to use an insurance calculator (available online).

5. How Can I Save Money on My Life Insurance?

Understandably, an unmarried person may not be able to determine the best coverage amount because there have no spouse or kids yet. This is where flexible coverage comes in. Flexible insurance allows you to make necessary changes to your policy at different stages of your life. Here, you can increase or reduce your premiums throughout the policy’s life, ensuring that you have the right amount of coverage at every point in time, without spending too much on unnecessary coverage.

As a millennial with years of opportunities ahead, you want to rest assured that you have adequate life insurance in place to cover you in the event of uncertainties. At James Page Insurance, our experts can help you take out a life insurance policy that suits your specific needs. Contact us now to get started!

If you are a diabetic, you may have concerns about whether or not you qualify for life insurance. When you have questions, your agent will help you find the answers you need.

Diabetes is a serious medical condition. There are two types of diabetes, Type 1 and Type 2. With today’s medical advancements, individuals with either form of diabetes are living longer, more productive lives. Understanding how to manage your condition is the first step in reducing your risk of a life-threatening event. Individuals with both types of diabetes are now eligible for various types of life insurance policies. The key is working with both your doctor and your insurance agent to ensure everyone is on the same page and that you can manage your condition properly.

Are Diabetics Eligible for Life Insurance?

Advancements in medical treatment have made it possible for diabetics to be eligible for life insurance. The ability to properly manage your diabetes through diet, medication and insulin has dramatically reduced the risk of life-threatening events. Insurance companies are now more comfortable than ever in offering diabetic patients the life insurance coverage they deserve. If you are diabetic and interested in learning more about life insurance, you should immediately reach out to your insurance agent to see what they have to offer.

What Factors Are Considered?

Several factors are considered when determining if a diabetic person is eligible for a life insurance policy. These factors include:

  • A person’s age
  • The type of diabetes they have been diagnosed with
  • The severity of their condition
  • Their treatment plan and whether or not it is under control

An extensive review of a person’s medical records may be required. Keeping your agent up to date on what is going on with your health is extremely important. Maintaining control of your diabetes is easier now than it has ever been before. If you work with your doctor and report any changes to your insurance agent, you will be able to live with your condition and have the life insurance you need to protect your family.

The Overall Cost

When covering patients with diabetes, especially Type 2, there are two types of coverage you have to consider.

  • Standard
  • Preferred

A standard policy is more expensive and is often easier to get if you are younger. It isn’t as outrageously priced as many people think. Older individuals may be more likely to qualify for the preferred life insurance policy options. To make the right choice, you will have to go over your options carefully with your insurance agent. Understanding the difference between the two policies is important. Asking questions as they arise will also help you to make an informed decision.

You can get affordable life insurance even if you are a Type 2 diabetic. Understanding the risks involved with diabetes and also knowing how to properly manage your disease will help you get a policy you can afford. If you need assistance with your life insurance coverage, contact the experts at James Page Insurance. We’re always available to answer all your insurance-related questions.

Term vs. Whole Life Insurance Which One is BetterTerm vs. Whole Life Insurance

Term life insurance is coverage for a specific sum of years where the benefits are awarded to the beneficiaries if the insured dies within the coverage period. Whole life insurance is protection for benefits to be paid to the beneficiaries at any time the insured dies. Both coverages have their pros and cons, but the former is significantly cheaper than the latter. Whole life premiums can cost five to 15 times more than term policies with similar benefits.

Now, we’ll compare Term life vs Whole life insurance before deciding on which is the better option for you.

1. Risks Involved and Resultant Cost

Term insurance can be a better option than life because it costs significantly less. The difference in rate is due to the low probability of claiming within this period, which is low-risk for the insurance company. Investing in term coverage is a high-risk decision for the insured person because there is no guarantee that death will come before the plan expires. The risk may be reduced where the client is battling a terminal illness like cancer with low life expectancy.

Whole life insurance is a safer investment because it builds up cash value. In contrast, term life insurance has no cash value because it has an expiration date. There are no restrictions for whole coverage. It is a full-ride investment that remains valuable until you die. You may choose to switch a term policy to whole if it expires while you’re still alive, but you will be asked to pay a significantly higher premium upon renewal.

2. Benefits Provided

A term life policy only provides death benefits while whole life includes other benefits such as automatic savings, borrowing, and dividends. Just like savings, whole life policy cash value accrues over the years until you die as your investment continues to earn tax-free interest. You also receive annual dividends, which are rewards from the company determined by the amount of profit made per year. The insured may choose to receive the dividends or re-invest them to add to the policy’s cash value.

Lastly, you are allowed to loan your insurance benefit under a whole life policy. The cash value is affected when you borrow from your benefit. but there are no penalties or charges for this type of loan transaction. Term coverage features none of the additional benefits of whole insurance, including savings, dividends, and loans.

So, Which One is Better?

When you have tight finances and a solid prediction that your life will end within a specified period, a term policy is a financially savvy option. It doesn’t include other benefits that the whole policy does, but it can keep you from going broke with affordable premium rates. The better choice is dependent on your specific situation and financial capability. Whole life offers a better deal but may be unattainable for some persons; hence, neither is unimportant or of lesser quality than the other.

If you need assistance with your life insurance coverage, contact the experts at James Page Insurance. We’re always available to answer all your insurance-related questions.

Stay at Home Valentine’s Day Ideas

Valentine’s Day is a special celebration of love. We often think special days like this should be celebrated in special ways. Of course, it should, but our concept of special can become distorted. We want to make reservations in a restaurant like others or go through the hustle and bustle of pushing through crowds to see a movie. Here is a list of stay-at-home valentine ideas that could be more rewarding and special.

  1. Spend Valentine’s Day talking about love with your family.

Tell them what love means to you, how much you love them, and the remarkable ways they have brought joy into your life. Read books about love. You can always get suggestions of books to read for valentine’s Day from the librarian. Eat fancy or new home-cooked meals. Most importantly, show love to your partner, and family in unique ways. For meals with a love theme, you can try out: Apple heart sandwiches, strawberry heart French toast, heart-shaped pizza, peanut butter heart cookies, and more.

  1. Never underestimate the reward of Netflix and chill on Valentine’s Day.

Carefully handpick what movie you want to see at home and make special arrangements for movie night. Choose movies that have a history with you and your partner or helps you relax while making the moment special. You can also learn a few massage tricks and treat your partner to an in-house massage. Get the candles set, get the massage oil ready and turn on some calm mood music. A facial mask may help your partner relax. Surprising your partner with a foot spa alongside a few massage lessons always does the trick.

  1. Games can help you and your family members and relax in remarkable ways.

When was the last time you played a fun game with your family? The spark of friendly competition can be fun and exhilarating while adding a bit of spice to an evening.  You can try board games, never have I ever, truth or dare, hide and seek, whatever works for you and your loved ones. As long as it is fun, special, and helps you and your family spend quality time together, it is a good choice.

  1. Treat yourself to your favorite food.

Certain foods can improve or dampen your mood, but your favorite food always is a good choice for a nice treat. Its valentine’s Day, order or make your favorite food and give yourself a day to indulge.  Valentine’s Day isn’t one of the days you keep-up with your diet routine. Take a break and allow yourself the freedom to enjoy your favorite food without guilt.

Staying at home during valentine’s Day can be rewarding and special. You only need to see the possibility and allow yourself a chance to make this valentine’s Day a memorable one. If you need assistance with your health and life insurance coverage, contact the experts at James Page Insurance. We’re always available to answer all your insurance-related questions.

How Can Life Insurance Policy Be the Best Christmas Gift

Buying life insurance as a Christmas gift isn’t such a bad idea. It can be difficult to buy Christmas gifts, especially when you have no idea what people want. Who wants to buy gifts that will only sit on a shelf, end up being thrown in the attic, or donated to a local charity? Instead of buying gifts that will never be used, buy the one gift that will continue to offer benefits for many years to come. The right life insurance policy will serve your family much better than any traditional Christmas gift.

Secure Your Family’s Future

Buying a whole life insurance policy will protect your family from financial loss after your death. If something happens to you, your income will also go away, which means your family will lose their primary source of financial support. Purchasing a whole life insurance policy as a Christmas gift will protect your family’s financial future. Protecting them financially will give them the peace of mind they need to move forward with their lives.

Settle Your Final Expenses

Another reason for purchasing a life insurance policy for Christmas is to take care of your final expenses and settle any outstanding debts you may leave behind. The last thing you want to do is leave behind a large amount of debt that your family will have to worry about after you pass away. A life insurance policy will pay for your burial and funeral expenses, as well as debts you may leave behind in terms of mortgages, car loans, or personal loans. Settling all of your final expenses with a life insurance policy is a great way to keep your family financially secure.

Provide for Your Children’s Education

Buying a term life insurance policy for each of your grandchildren is a great way to provide for their future as well as their education. A term life insurance policy can be set up to reach maturity when the child turns 18. Once they reach 18 years of age, they can choose to let the policy continue to grow interest or they can cash it in and use the money to pay for their college education. The money is then theirs to use however they want. If they are thinking about going into business, cashing out the policy may give them what they need to give the new business a boost.

Know Your Options

There are different types of life insurance policies you can choose from. Don’t guess when it comes to buying any type of life insurance. If you plan on giving the policy as a gift, make sure that you are buying the right kind. Different policies serve different purposes. Knowing what your goals are will help you find the right policy for the right situation. If you are unsure of what type of policy is needed, talk to your agent. They can help you determine what type of policy may be best. In some situations, you may want to invest in more than one policy.

Buying life insurance as a Christmas gift can make your shopping list much easier to complete. Learn as much as you can about each type of policy so that you understand the benefits of each. When you are ready to purchase the policy or policies, contact the agents at James Page Insurance. We have the answers you are looking for and will help you find the policy that best suits your family’s needs.

Know the Benefits of Getting Life Insurance in Your 20s

Getting life insurance in your 20s offers you many more options than if you wait until you are older. The younger you are when you sign up for your policy, the lower your premiums will be. You are in better health and have your entire life ahead of you. Even if you do not yet have a family, the benefits of life insurance in your 20s are manifold, ensuring that your future is secure. Putting a plan into action for your future is the best way to guarantee your success. Starting in your 20s gives you the much-needed head start.

Taking Care of Your Family

In your 20s, starting a family may fall second to establishing your career. Even so, the time will come when taking care of your family is your primary concern. Looking for life insurance in your 20s involves speculating about what your future holds and then taking the necessary steps to prepare for it. This includes taking care of your future family and whatever business ventures you may embark on. No matter what age you choose to start a family, their needs should always be your priority. Life Insurance can make sure that your family is financially secure even after your death.

Set Priorities Early

Set your priorities early. Many people start planning for their future in their teens as it is when they begin to think about college and the type of career they want to pursue. The sooner you put your plans in motion, the better off you will be in terms of your future financial stability. Getting life insurance in your 20s allows you the opportunity to provide for both your family and your business if some unforeseen event occurs and causes you to lose your income.

With the right type of life insurance in place, your family will be able to move forward and care for themselves even in your absence. Also, many insurance policies offer cash value as a part of the living benefits package of insurance, while another part of the premiums accumulate interest. This money may be used later to pay for expenses such as children’s education, home purchases, etc.

Understand Your Financial Needs

Your obligations to your family and your business are only two factors that affect your financial future. You must also consider any debts that you may have incurred. The mortgage on your home, auto loans, credit card debts, and student loans are just a few of the financial obligations that will have to be taken care of if something happens to you.

Knowing your financial needs will help you choose the right life insurance coverage so that your family will have what they need after all of your expenses are taken care of. Also, some policies provide coverage for certain medical expenses, such as cancer or paralysis. Depending on your financial needs, you may also want to buy a VUL. A variable universal life (VUL) is a permanent life insurance policy with a built-in savings component that invests the cash value. Though the cash value may be invested to get greater returns, these investments are subject to market fluctuations.

If you are in your 20s and just graduating college or are just starting your family and are looking for life insurance near you, contact the experts at James Page Insurance today. We can help you find the right insurance policy that meets your coverage needs and budget.


Parents have different opinions when it comes to buying a life insurance policy for their kids. While some believe it’s a great financial tool to protect a child’s future, others doubt whether it is required.

Before making your final decision, go through the advantages and disadvantages of buying a life insurance policy for your kids.


The Earlier, the Better

A child with a chronic disease may not be eligible for life insurance later. If you have a history of congenital conditions in your family, you might want to insure your child early. Once they are insured as a healthy child, they will be covered for the entire policy’s duration even if they fall sick later on.

Future Financial Protection

Most child life insurance policies are whole life policies that come with a savings account. Along with low premiums, your child will also benefit from the savings they can access for future needs or emergencies.

Coverage for Unexpected Expenses

A life insurance policy can provide you cash to cover the unexpected medical and other expenses. The policy will ease your burden during financial difficulty.


Unnecessary Expense

Life insurance is ideally taken by the breadwinners of the family to protect their families after death. Children rarely earn any income to support their families, which minimizes the need to have them covered. Besides, the cost of losing a child cannot be covered.

Alternative Saving Options

Experts who advise against purchasing a life insurance policy for kids say that such plans are outdated, and there are better options for protecting your child’s future.

Consider the requirements and your financial stability before buying a life insurance policy for your kids. To learn more about life insurance, contact the experts at James Page Insurance today. We can help you find the right insurance policy that meets your coverage needs and budget.