Buy life insurance today
At Yomo Finance, we understand the importance of protecting your loved ones and ensuring their financial security in the event of an unexpected circumstance. Our life insurance solutions are designed to provide you with peace of mind, knowing that your family's future is safeguarded. Contact our team in Rochester today to discuss the options available.
What is life insurance?
beneficiaries upon your passing or if you are diagnosed with a terminal illness. This lump sum can be used by your loved ones to cover various expenses, such as:
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Outstanding mortgage payments
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Funeral costs
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Ongoing living expenses
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Educational costs for children
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Clearing outstanding debts and loans
Life insurance offers a financial safety net for your family, ensuring they can maintain their standard of living and avoid potential financial hardship during an already difficult time.
Factors affecting life insurance premiums
The cost of your life insurance premiums will depend on several factors, including:
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Age - Generally, the younger you are when you purchase a policy, the lower the premiums will be.
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Health and lifestyle - Factors such as pre-existing medical conditions, smoking habits, and occupation can impact the perceived risk and, consequently, the premium rates.
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Coverage amount - The higher the death benefit you require, the more expensive the premiums will be.
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Policy term - Longer policy terms typically result in higher premiums, especially for term life insurance.
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