“Most people I meet don’t have enough life insurance and they are surprised at how affordable coverage can be. I work with many A rated companies and shop to find the best coverage options to protect your loved ones and to save you money”.

-Jeff Goodman, owner/ William J Goodman, Ltd Homewood, IL

Generally speaking; Life insurance cost less when you are young and healthy vs. waiting until you are older. As we get older there is a chance we develop a health problem which can make the cost of life insurance increase or be the reason life insurance companies decline to accept an application. I work with many A rated companies and shop to find the best coverage options to protect your loved ones and to save you money.

For help determining the amount of life insurance / Use this link to determine amount of life insurance: https://pekininsurance.com/standalone-life-calculator

(The link is also on my website under insurance center)

Term Life policies:

• Have lower premiums vs. Permanent life (Universal or Whole life).
• Term policies do not have cash value.  For example, a 20-year term policy has level premiums for 20 years.  If you want to keep the policy beyond 20 years you will have to pay substantially higher premiums.
• Can leave people in an uninsurable situation or an expensive situation if not converted to a permanent policy

Universal Life (UL) and Whole Life (WL) policies:

• Can be designed to last your lifetime, so you cannot outlive your policy.
• Have higher premiums vs Term life insurance.
• Can have level premiums throughout your entire life.
• Usually have cash values which give you flexibility with premium payments.
• Can be an excellent source for a future loan to yourself
• Help fund retirement.
• Whole life policies have potential for Dividends which can be reinvested to produce higher cash values or paid out.

Universal Life and Whole Life policies have greater future cash values if obtained and funded when young and or healthy vs. waiting until you are old or if you wait to get a policy and apply with health issues. So really, there is no time like the present because this is the youngest you will be. Also, a person’s health can change at any time, thus making the cost of life insurance much higher. Don’t wait. The cost just goes up if you wait! Contact me today 708-799-2655 and let me know your thoughts / questions. Looking forward to working with you!