Help keep your family in their home if something happens to you
If you have a mortgage, life insurance should be on your radar. Not sure where to start? Talk to a licensed advisor Mon – Fri 9am – 8pm EST.
Talk to a licensed advisor to get started
Chat with a Matic coverage coordinator to understand your options and get free quotes in 30 minutes or less.
When scheduling your call, be prepared to answer a few personal questions, including:
Your ideal life insurance budget per month
What your life insurance policy should help pay for if you pass away
Your date of birth and basic health history (only for some products)
Top considerations for life insurance
Calculate how much life insurance you may need
**Costs reflect tuition, fees, room and board from MEFA Massachusetts Educational Financing Authority. Inflation is calculated by assuming a 3% increase in cost each year. This is only an estimate. Actual costs and rates of inflation may vary. https://www.mefa.org/pay/college-cost-projector
Life insurance doesn’t have to be confusing. Ready to figure it out together?
Our team of life insurance agents can compare your options. Call us now, or schedule a time that works best for you. We're available Mon - Fri 9am - 8pm EST.
What's the difference between term life insurance, accidental death, and final expense?
Term life insurance
Getting a term life policy secures a tax-free payment for your loved ones in case you pass away while the policy is active. Terms typically range between 10 and 30 years.
Accidental death insurance
This type of life insurance provides your family with a payout in case you pass away in a covered accident.
Final expense insurance
This scaled-back life insurance policy provides a smaller benefit and is often used for things like outstanding medical bills and funeral expenses when the covered individual passes away. It’s a low-cost way to help your family avoid future debt due to unforeseen expenses.
A Matic advisor can help compare your options:
| Term Life | Accidental Death | Final Expense | |
|---|---|---|---|
| Tax-free benefit |  | | |
| Fixed pricing | | | |
| Policy covers all types of passing | | |
|
| Wide range of coverage options (including $1M+) | | ||
| Ideal for smaller coverage needs ($350K or less) | | |
|
| Ideal for smaller budgets | | |
|
| Popular choice for older adults | |
||
| Popular choice for parents with kids at home | | |
Other frequently asked questions about life insurance
Who really needs life insurance?
Anyone can benefit from a life insurance policy, but it can be particularly important when you’re married, have kids, or own a house. Other life events like a divorce, the death of a loved one, or starting a business are opportunities to evaluate how much coverage you need and who your beneficiary should be.
Is the death benefit taxed?
No, a death benefit is not considered taxable income.1
Do I have to keep my life insurance policy?
Taking out a life insurance policy for a decade or more seems like a big commitment — but you can cancel your policy at any time. If your family situation changes or you downsize your home, you’re typically not stuck with a life insurance plan that no longer fits your needs.
What if I already have a life insurance policy through work?
While a group life insurance policy is a nice benefit from your employer, it usually doesn’t offer long-term security. Your policy is typically in effect only while you work there; so, if you quit or are let go, you may need to secure a personal policy. And for many people, that means having to get life insurance at an older age – which may impact price.
Not sure where to start? Let's figure it out together.
Talk to a licensed advisor Mon - Fri 9am - 8pm EST.