Life Insurance

When buying Life insurance, you can be overwhelmed by an information avalanche. To protect your future from poor choices today. If tragedy were to strike Kerrigan, O’Malley & Bailey Insurance Agency can help you determine which life insurance coverage is The BEST choice, for the security of your loved ones future.

  • TERM LIFE INSURANCE – modified, graded, and decreasing
  • PERMANENT LIFE / WHOLE LIFE INSURANCE
  • PERMANENT LIFE / UNIVERSAL LIFE INSURANCE
  • JOINT LIFE INSURANCE

Why do I need a Life Insurance Policy?

Many people consider it morbid to even consider buying life insurance, BUT the reality is everyone does die and expenses are left behind at death. While some are able to self-insure for that circumstance, even the wealthiest can create problems when money becomes tied up and relatives are left with burial and other debts that require payment. Not providing life insurance to cover one’s expenses is not only poor planning but selfish.

How much life insurance should I buy?

When you plan to buy a life insurance policy, there are many factors you should take into consideration, deciding on the amount of coverage including funeral expenses, education loans, any pending mortgages or debts, and the financial support your family would need in your absence. Five to ten times your annual income is the normally recommended amount suggested.

There are many compelling reasons to buy life insurance. One of the main reasons is to replace the income of the insurer after his or her death. Dependent spouse, young children and even siblings who rely on you financially will not suffer after your demise with the correct Life Insurance plan. Life insurance benefits can be used to cover burial and funeral expenses, debt and medical bills and estate taxes. Your Loved ones can benefit from the inheritance of your life insurance policy benefits. Our dedicated team of life insurance professionals understand Massachusetts’s market and regulations and can find the right plan – or mixture of plans – for your specific needs. Let one our life insurance professionals put together the BEST Massachusetts life insurance quote for you.