Voyager Insurance

The price you pay for life insurance depends on your age, your health, and your lifestyle. So if you are older, you have health problems, and you are a smoker, you will always pay more for life insurance than someone who is younger, healthier, and a nonsmoker.

There are ways to lower your life insurance premiums, even if you fall into a higher-risk category. Here are some simple suggestions for life insurance and term life insurance:

Uninsured or underinsured motorist car insurance coverage can pay for injuries to you and your passengers, and in some locations damage to your property, when there is an accident and the other driver is both legally responsible for the accident and considered "uninsured" or "under-insured."

If you own convertible term life insurance, your policy contains a provision that allows you to convert the policy to permanent life insurance (cash value insurance) such as whole life, variable life, or universal life.

What happens when the breadwinner in the family is struck by some serious illness that leaves him unable to maintain his earning level?

Let’s say the man has health insurance but either he doesn’t make a full recovery, or it takes him a long time to get back on his feet, or he never really recovers full health. Is he covered by his health insurance? What about things like the mortgage he was paying, the loans he took from work, the payments on his car, the children’s education, etc?