WFIS

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We offer a range of insurance options including term and permanent life, disability insurance, critical illness, long term care, and annuities .

Life insurance is not just a financial safety net; it's a testament to your love and responsibility toward your family and dependents. Waiting for the "right moment" can be a costly gamble. Here's why having life insurance is of paramount importance:

1. Protecting Loved Ones: Life is unpredictable, and tragedy can strike at any time. By securing life insurance now, you ensure that your loved ones have financial protection in place, regardless of what the future holds.
2. Debt and Expenses: Life insurance helps cover outstanding debts, such as mortgages, student loans, and daily living expenses. By delaying, you expose your family to potential financial strain and uncertainty.
3. Lower Premiums: Premiums generally increase with age and declining health. By getting life insurance now, you can lock in lower rates while you're younger and healthier, ultimately saving money in the long run.
4. Financial Stability: Life insurance provides peace of mind and financial stability, ensuring that your family can maintain their quality of life, pay for education, and cover future expenses even in your absence.
5. Estate Planning: Life insurance can facilitate a smoother transfer of assets and inheritance. Without it, your loved ones may face legal complications and delays.
6. Tax Benefits: Life insurance can offer certain tax advantages, both during your lifetime and in the distribution of benefits after your passing.
7. Charitable Giving: If you have philanthropic goals, life insurance can be a powerful tool for charitable giving. By securing it now, you can fulfill your desires to make a difference.

In summary, the "right moment" for life insurance is now. Delaying this crucial decision not only puts your loved ones at risk but can also lead to higher costs in the future. Life insurance is a powerful act of love and responsibility, ensuring that your legacy endures, even in your absence. 

Life insurance premiums, the regular payments you make to maintain your life insurance policy, are influenced by several key factors. Understanding these factors can help you make informed decisions about the type and amount of coverage you need. The main factors that affect life insurance premiums include:

1. Age: Your age is one of the most significant factors in determining your life insurance premium. In general, younger individuals pay lower premiums because they are      statistically less likely to pass away during the policy term.
2. Health and Medical History:  Your overall health, medical history, and lifestyle habits, such as smoking, alcohol consumption, and participation in high-risk activities,      can impact your premiums. Insurers may require a medical examination or access to your medical records to assess your health.
3. Coverage Amount: The amount of coverage you choose (the death benefit) directly affects your premium. The more coverage you need, the higher your premiums will      be.
4. Type of Policy: The type of life insurance policy you select—term, whole life, universal life, or variable life—can impact your premiums. Term insurance is      generally more affordable than permanent life insurance.
5. Term Length: For term life insurance, the length of the policy term also influences      your premiums. Longer terms typically result in higher premiums.
6. Gender: Statistically, women tend to live longer than men, so they often pay lower      premiums for the same coverage amount and age.
7. Occupation and Hobbies: Certain jobs and hobbies may be considered high-risk by insurers. Engaging in risky activities or working in a dangerous profession can lead to      higher premiums.
8. Location: Your geographic location can impact premiums. Areas with higher living costs may result in higher premiums, although this effect is usually minimal.
9. Family Medical History: Some insurers may consider your family's medical history when assessing risk. A family history of certain medical conditions may lead to higher      premiums.
10. Riders and Additional Features: Adding optional riders or features to your policy can increase your premiums. These riders can provide additional benefits, such      as coverage for critical illness or disability.
11. Underwriting Class: Insurers assign applicants to different underwriting classes based on their risk factors. These classes (e.g., preferred, standard, substandard)      determine your premium rate.
12. Payment Frequency: The frequency at which you make premium payments, such as monthly, annually, or bi-annually, can also impact the total cost of your coverage.

It's important to note that not all insurance companies weigh these factors in the same way. That's why it's essential to compare quotes from multiple insurers to find the best coverage at a competitive premium that suits your unique circumstances. Additionally, maintaining good health and making lifestyle changes can often lead to lower premiums over time.

While having life insurance coverage through your employer is a valuable benefit, there are several reasons why it may be insufficient, and why it's often advisable to have a separate individual life insurance policy in addition to your workplace coverage:

1. Portability:  Employer-sponsored life insurance is typically tied to your job. If you      change jobs or are laid off, you may lose this coverage. Having an individual policy ensures your coverage remains intact, regardless of your employment status.
2. Coverage Amount: Employer-provided policies often have limitations on the amount of coverage you can have. This amount might not be sufficient to meet your      family's long-term financial needs, especially if you have dependents, a mortgage, or other financial responsibilities.
3. Customization:  Individual life insurance policies can be tailored to your specific needs.  You can choose the coverage amount, policy type, and additional features      that align with your financial goals. This level of customization is typically not available through employer plans.
4. Family Needs:  Employer-sponsored life insurance usually covers only the policyholder. However, individual policies can be extended to include your spouse and      children, providing comprehensive family protection.
5. Health Status Changes: If your health deteriorates or you develop a medical condition while employed, your ability to secure affordable life insurance outside of work may become limited. An individual policy offers more control over your      insurance, irrespective of health changes.
6. Coverage Gaps: Workplace policies may not cover you during gaps in employment, such as between jobs or during leaves of absence. Individual life insurance      ensures continuous coverage.
7. Ownership and Control: With an individual life insurance policy, you have ownership and control over the policy, including the ability to name beneficiaries and make      changes as needed.
8. Tax Benefits: Individual life insurance policies can offer tax benefits, such as tax-free death benefits for beneficiaries. This can be a valuable estate planning tool.
9. Supplemental Coverage: Individual policies can be used to supplement your employer-provided coverage, filling any gaps in protection or providing additional funds for specific financial goals, like paying for a child's education or covering      funeral expenses.
10. Coverage After Retirement: Employer-based life insurance may not continue into retirement, leaving you without coverage precisely when you may need it most.

In summary, while employer-sponsored life insurance is a valuable benefit, it should not be relied upon as your sole source of coverage. The limitations and uncertainties associated with workplace coverage make it advisable to have an individual life insurance policy to ensure your financial protection is comprehensive, portable, and under your control, providing peace of mind for both you and your loved ones.

Whole life insurance and term life insurance are two common types of life insurance policies, each with its own features and benefits:

1. Term Life Insurance:

• Term life insurance provides coverage for a specific period, known as the "term," which can range from 5 to 30 years or more.
• It is designed to provide a death benefit to the policy's beneficiaries if the insured person dies during the term of the policy.
• Term life insurance is generally more affordable than whole life insurance, especially for younger and healthier individuals.
• Premiums are typically fixed for the duration of the term but may increase if you renew the policy after the initial term ends.
• This type of insurance does not accumulate cash value or offer investment components. It is purely a death benefit.

2. Whole/Permanment Life Insurance:

• Whole life insurance, also known as permanent life insurance, provides coverage for the entire lifetime of the insured person, as long as premiums are paid.
• It combines a death benefit with a cash value component, which accumulates over time and can be borrowed against or used for various purposes, such as retirement savings.
• Premiums for whole life insurance are considerably higher than term life insurance but remain level throughout the policyholder's life.
• Whole life insurance is often seen as a long-term financial planning tool due to its cash value growth and guarantees.
• It is more suitable for individuals looking for both insurance coverage and an investment or savings vehicle.

In summary, term life insurance is a straightforward policy that offers coverage for a specified period and is primarily focused on providing a death benefit. Whole life insurance, on the other hand, is a permanent policy that covers the insured person for life and includes a cash value component, making it both an insurance product and an investment option. Your choice between these two types of insurance depends on your financial goals, budget, and the duration of coverage you need.

You can typically get life insurance at a variety of ages, but the specific age limits and available policies may vary among insurance companies. Here are some general guidelines:

1. Adult Life Insurance: Most insurance companies offer life insurance policies for adults starting as early as 18 or 20 years of age. You can usually purchase term life insurance or whole life insurance at this age.
2. Child Life Insurance: Some insurers also offer life insurance for children, often as part of a rider on a parent's policy. This coverage can start from infancy or early childhood.
3. Senior Life Insurance: There are policies specifically designed for seniors, such as guaranteed issue or final expense insurance. These policies are typically available for individuals in their 50s, 60s, or even 70s. They are often easier to qualify for but may have higher premiums.

The cost of life insurance premiums tends to increase as you get older, especially for permanent policies like whole life insurance. It's generally more cost-effective to purchase life insurance when you're younger and in good health, as you can lock in lower premiums for a longer term.

Keep in mind that eligibility and premiums can vary depending on your health, lifestyle, and the type of policy you're interested in.