When Should You Consider More Coverage? As life changes, your financial responsibilities grow. Consider adding coverage during these key moments:
• Marriage: A new spouse means shared financial responsibilities.
• Growing Family: Expanding your family brings new financial commitments.
• Career Growth: A higher income comes with increased obligations.
• Homeownership: A mortgage is a significant financial commitment.
• Estate Planning and Retirement: A tax-free death benefit can serve not just as a way to cover expenses after you’ re gone; it can serve as a tool to provide funds to help build financial security for the next generation.
Addressing Inflation’ s Impact on Coverage Over time, inflation can reduce the ability of your policy’ s coverage to provide the level of financial protection you want to leave for your loved ones, making it less effective at providing financial security.
What inflation means for your policy:
• Inflation has risen nearly 20 % in the past five years. 1
• If you had purchased a $ 50,000 policy five years ago, an additional $ 9,745 in coverage would be needed to maintain the same level of financial protection.
Expanding your whole life insurance can help offset inflation’ s impact and ensure lasting protection.
Understanding BetterLife Whole Life Policy Options BetterLife offers flexible whole life insurance options tailored to different financial needs.
Choose the right plan for you:
• Level Premium Whole Life: Fixed payments for lifelong affordability.
• Limited Pay Whole Life: Pay off premiums in 10 to 20 years while keeping lifetime coverage.
• Single Premium Whole Life: A one-time payment provides lifelong protection.
How Many BetterLife Members Expand Their Coverage? Many BetterLife members recognize the need to adjust their life insurance coverage as their financial responsibilities grow.
In fact, one in three( 33 %) member households that purchased a policy in the past 40 years have added at least one more policy, and 60 % of those chose to expand with a second whole life policy to strengthen their financial security. 2
How More Coverage Helps You Adding more whole life insurance offers several financial advantages:
• Better Financial Protection: Ensures coverage keeps pace with your financial needs.
• Bigger Inheritance: Additional coverage helps secure your family’ s financial future.
• More Cash Value: Extra policies accumulate more value over time.
• Greater Flexibility: Multiple policies provide tailored financial solutions.
Is Now the Right Time to Add More Coverage? Planning for retirement or estate needs?
Major life events like marriage, children, homeownership, or starting a business are key times to reassess your coverage.
How to get started:
• Assess Your Needs: Consider your financial goals and family obligations.
• Talk to an Expert: BetterLife agents can help tailor options to your situation.
• Review Policy Options: Choose the plan and coverage that works for your budget and goals.
• Get Approved: Complete the application and underwriting process.
TAKE THE NEXT STEP Want to add whole life insurance?
Call( 608) 833-1936 or visit our website at betterlifeins. com / contact to learn more and schedule a consultation.
* Cash value withdrawals and outstanding cash value loans will reduce the policy death benefit. 1 US Bureau of Economic Analysis, a Personal Consumption Expenditures: Chain-type Price Index, retrieved from FRED, Federal Reserve Bank of St. Louis( January 2020 – January 2025) at https:// fred. stlouisfed. org / series / PCEPI. 2 BetterLife data as of December 2024 showing active policies opened from 1983 to 2024.
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