life insurance

Should I Get Life Insurance in My 20s?

February 5, 2026 by lambertagency

An Honest, Practical Guide from The Lambert Agency of Austin, TX

If you happen to be in your 20s, life insurance is likely one of the last things on your mind. You’re most likely focusing on building your career, paying off debt and student loans, and fostering relationships as you progress throughout your first decade of life where you have true independence. Enjoying the freedom of young adulthood is great and all, but there may be a question which pops up from time to time, especially when your friends are buying their first home, starting a family, and checking off major milestones. That question is:

“Do I actually need life insurance in my 20s?”

The answer to this question is: “Yes, you do need life insurance in your 20s”. It’s one of the best financial decisions you can make and it’s typically quite affordable, as you have your youth on your side, and your health on your side in most cases. Throughout this post, we’ll explain exactly why a life insurance policy in your 20s is the right choice to make, how it all works, and which type of life insurance coverage makes the most sense for someone in your age range.

Premiums are Usually Significantly More Affordable in Your 20s

Life insurance premium pricing is primarily based on two major factors: your age at the time of application and your overall health. When you’re in your 20s, you’re most likely going to be healthier than someone in their 50s. For this reason, you’ll often be placed into a lower risk category with insurers. This lower-risk category allows the following:

Lower monthly premiums
Long-term guaranteed pricing (20-year or 30-year term policies)
Higher coverage amounts for less monthly premium

An example of this could be how a healthy 25-year-old may pay as little as:

$12–$18/month for a $250,000 policy
$20–$28/month for a $500,000 policy

Those same types of policies would likely cost 2-4x more when purchased between the ages of 35 to 45. Here at The Lambert Agency, we let all of our clients in their 20s know this: Your 20s are the decade where life insurance is affordable enough to lock in pricing for 20 or 30 years without having it affect your budget.

You Lock In Coverage Before Health Issues Begin to Creep Up

Many people will not think about life insurance in their 20s, yet your 20s are usually the healthiest years of your adult life. When you make the decision to purchase life insurance now instead of later, you’ll usually be provided with the following benefits:

Price protection before excess weight gain issues, blood pressure conditions, or other chronic conditions develop.
The ability to lock in a “preferred” or “super preferred” health class for decades to come, resulting in better premium pricing
The best levels of coverage available if you’re healthy and in your 20s, even if your future health changes

As health issues begin to appear as you age, your life insurance rates may begin to rise when a new quote is requested. Even worse, you could become uninsurable altogether if your health is poor. Choosing to secure coverage early on in your 20s will be one of the best decisions you make and you’ll most likely save money on monthly premiums as well.

It Protects Your Growing Financial Life

When you’re in your 20s, you may believe you don’t need a life insurance policy because you typically do not have that many assets, yet there are still responsibilities a high-quality life insurance policy can very much help in protecting. These responsibilities may include the following:

Student loans

Some private loans may require a co-signer, and if something were to happen to you, your parents or a loved one, or whoever co-signed on the private student loan may end up becoming responsible for repayment of those loans.

Spouse or partner

If you happen to be married or co-habitating with your partner, you’re both likely to have financial responsibilities, such as monthly bills or living expenses. A proper life insurance policy helps to protect the overall financial wellness of the household you share with your spouse or partner.

Future family planning

When you choose to purchase life insurance now, you’re better prepared long before any children enter the picture. When you’re properly prepared, you can be reassured your future family will be taken care of financially should something happen to you in the future.

Credit card debt or personal loans

Life insurance coverage may help out your spouse, partner, and family members avoid excess financial burden. Even if you do not have any dependents yet, life insurance is there to create a strong financial foundation should something happen and provide your loved ones with the financial stability they need in their time of grieving.

Employers Often Do Not Provide Enough Coverage

When you’re in your 20s, you may have found a fantastic job with good work-life balance, a nice salary, and true purpose behind the work involved, yet even the best of the best jobs will often lack the right level of employer-sponsored life insurance coverage. A typical employer-sponsored life insurance policy will include the following elements:

1× salary (this is often not sufficient enough for any long-term needs)
Coverage which ends when you leave your job
No control over the policy type or monthly premium price
No guarantee that coverage will be offered at your next employer (no carry-over)

Purchasing your own life insurance policy will provide you with much needed:

Control
Portability
Predictability
Real protection

Life Insurance is Perfect for Budgeting Purposes

Life insurance is one of the few financial products where you’re able to truly lock in:

A fixed monthly cost
A fixed term length
A fixed benefit amount

When you’re establishing your monthly or annual budget, you’ll be able to immediately factor in how much you’ll be spending on life insurance premiums for the next 10, 20, or 30 years. As you begin to earn more as you progress throughout your career, the fixed-cost pricing of a term-life insurance policy purchased in your 20s remains the same, ultimately allowing you to have more financial flexibility in the future.

Life Insurance Builds a Financial Foundation for Future Goals

When you begin planning for your future in your 20s, it creates a long-term advantage. Many of our clients in their 20s will choose life insurance for the following reasons:

Supporting long-term savings strategies through lower premiums
Protecting a future mortgage should the client become a homeowner
Planning ahead for any future children to ensure financial stability
Preparing for business ownership should the client pursue entrepreneurship
Securing lower permanent life insurance costs later in life as a strategic option

If you’re planning on:

Buying a home
Starting a business
Marrying
Having children

Then choosing to purchase life insurance in your 20s becomes much more affordable and less complicated if you choose to do it now instead of later on in your 30s or 40s.

Life Insurance in Your 20s Provides Your Future Family with Peace of Mind

Even though you may not have any dependents today, your 30s and 40s will arrive much quicker than you anticipate. Life can certainly change fast and choosing to secure the right level of life insurance protection in your 20s will help those you care about most when you find the right person to start a family with.

What Kind of Life Insurance Should Someone in Their 20s Get?

The Lambert Agency will typically recommend the following type of life insurance policy for most young adults in their 20s in Austin, Texas:

Level Term Life Insurance (Most Affordable)

20-year or 30-year fixed premium costs
High coverage for a much lower cost than in your 30s or 40s
Ideal for long-term budgeting, as the costs remain the same throughout the term of the policy

Our team of Austin, Texas based life insurance experts will assist you with comparing and contrasting any life insurance policy you’d like to explore further and help you choose the best fit for your long-term goals.

So, Should You Get Life Insurance in Your 20s?

Yes, you definitely should, and you’ll most likely thank yourself later on down the road. Choosing to purchase life insurance in your 20s provides you with:

Lower-cost premiums throughout the duration of your policy
Guaranteed coverage in most cases
A stronger financial foundation for future assurance
Protection for your loved ones
Peace of mind for decades to come

The most important question to ask when choosing to buy a life insurance policy is typically “when?”, not “why?”. Choosing to purchase life insurance in your 20s instead of your 30s or 40s will help you save a significant amount of money over a 20 or 30-year term life policy.

Considering Purchasing Life Insurance in Your 20s? The Lambert Agency Can Help

If you’re in your 20s and contemplating whether or not to buy a life insurance policy. The Lambert Agency can help make the process simple. Here at The Lambert Agency, we help you with:

Comparing Austin’s top-rated insurers
Finding the best available pricing
Helping you understand your options in plain English
Customizing coverage based on your goals

Whether you happen to be 22, 25, or 29, the best time to purchase a life insurance policy is before you need it.

Ready to See What Life Insurance Coverage Looks Like for You?

You’ll want to contact The Lambert Agency located in Austin, Texas for a quick quoting process with no pressure and no confusing insurance jargon. Your future self and your future family will be glad you did. We look forward to hearing from you soon.

Why Did My Life Insurance Premium Go Up?

December 1, 2025 by lambertagency

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A Clear, Austin-Focused Guide from The Lambert Agency

Life insurance is one of the financial decisions where you’ll feel much more protected and grounded once you confirm the policy is active. Yet, there are certain life insurance products which can increase in premium price over time. This can feel confusing, frustrating, and even sometimes alarming. Here at The Lambert Agency in Austin, TX, we’ll often hear this same type of question:

“Why did my life insurance premium go up?”

Sometimes the change in premium pricing can be expected. Other times, it can be a sign to fully review your policy, compare all available options, and ensure your life insurance coverage still aligns with your goals. In this post, we’ll break down some of the most common reasons premiums may increase and what you can actually do about it.

Your Policy Reached a New Age Bracket

Many life insurance policies will be based on age ranges of those covered. As you progress from one age bracket to the next, the cost of insuring your life will typically increase. Common event triggers include:

Turning 30, 35, 40, 45, 50, 55, or 60
Hitting a renewal period on an annually-renewable term policy
Aging into a new risk tier

Why it matters:
The older you become, the higher the statistical risk of mortality becomes, which ultimately leads to higher premiums. This is one of the primary reasons many people will choose to lock in long-term level life insurance premiums earlier in life, as the lower-cost, competitive rate will remain the same throughout the duration of the policy.

Your Term Policy Renewed Automatically

If you have purchased a short-term or annually-renewable term life policy, the premium will usually increase on an annual basis. This type of pricing policy is common with the following types of life insurance policies:

Employer-sponsored term life
Older life insurance policies with “ART” (Annual Renewable Term)
Policies purchased without guaranteed level premiums

When the policy renewal occurs, many policyholders may be shocked by how high the new premium is.

The Lambert Agency Tip:
If your renewal premium has jumped unexpectedly, it may be time to think about switching to a 10-year, 20-year, or 30-year level term policy to lock in fixed pricing for the entire duration of said policy.

A Recent Medical Change Increased Your Risk Profile

Insurance companies will regularly update their risk models if you’re not on a fixed-price term policy, especially if you’ve:

Gained a large amount of weight
Developed a high blood pressure condition
Been diagnosed with an increased risk factor health condition
Started smoking or vaping
Had abnormal lab results

With this new information, your insurance company may choose to increase your risk profile and your insurance rating may be adjusted accordingly.

Important: Not all life insurance policies reevaluate the health of the policyholders. Permanent policies with guaranteed rates for the life of the policy typically do not increase due to health changes, but annually renewable term policies can do just that.

Tobacco or Nicotine Use Was Detected

Even the occasional vaping, cigars, nicotine pouches, or social smoking can downgrade your health profile into a tobacco rate class. This may double, or even triple your monthly premium costs. If your premium increased due to a tobacco reclassification, we can often help you:

Re-test
Re-apply for non-tobacco rates
Compare companies with more flexible guidelines who work with those who smoke or vape

Your Policy Has Flexible or Variable Pricing

Some forms of life insurance are directly tied to overall market performance or account values. If you own a:

Universal Life (UL) Policy
Indexed Universal Life (IUL) Policy
Variable Universal Life (VUL) Policy

…your monthly premium may rise if:

Cash value has decreased
Interest credits were lower than expected
Costs of insurance inside the policy increased

If your UL or IUL policy is becoming more and more expensive, it may be the right time to request a policy review to ensure you’re receiving the best coverage, at the best price.

You Added Riders or Increased Coverage

Sometimes premiums may increase due to an update of your policy. Some common examples of this include:

Adding critical illness or chronic care riders
Increasing your death benefit
Adding accidental death coverage
Extending the term length

Many people may end up forgetting they’ve added this increased level of coverage and assume the premium change was simply automatic.

The Insurance Company Adjusted Rates

Life insurance companies occasionally update pricing based on:

New actuarial data
Inflationary effects
Cost-of-insurance adjustments
State regulatory changes

While this is often not the case, or extremely uncommon for level term policies, this can certainly affect universal life and renewable term life.

What You Can Do if Your Life Insurance Premium Went Up

Here at The Lambert Agency, we help our Austin-area clients through a simple 3-step process:

We Review Your Current Policy

We examine the following:

Type of policy
Renewal rules
Rate class
Riders
Guaranteed vs. non-guaranteed premiums

We Shop the Market for Better Rates

Many clients will end up saving money by switching to:

A longer, level term
A healthier rate class (after re-testing)
A more modern policy with better pricing

We Ensure Your Coverage Still Fits Your Life

We understand, life changes occur. Family changes, income changes, debt burdens, health conditions, and long-term goals all evolve over time. Your life insurance policy should adapt and change with you as well.

When Should You Contact The Lambert Agency?

Be sure to reach out to us if:

Your premium went up and you simply don’t know why
Your policy is due for a renewal soon
You want to ensure your long-term rate is locked in for the duration of your life insurance policy
You recently improved your health by a larger margin and want to seek out a better priced life insurance quote
You’re unsure if your policy still remains the best option for you and your long-term goals

Our team of life insurance experts will walk you through each and every step without the excess insurance jargon. We’ll help you compare life insurance rates from top-rated carriers and guide you on choosing the most cost-effective, reliable coverage for you and your family.

Let’s Make Your Life Insurance Simple

A life insurance premium increase does not always mean something is wrong, yet it does mean it may be time to examine your life insurance policy coverage and costs a bit closer with the help of our team here at The Lambert Agency. If you’re in Austin, Round Rock, Cedar Park, Pflugerville, Buda, Lakeway, Bee Cave, or anywhere in the greater Austin area, The Lambert Agency is here to help you fully understand your available life insurance options. We’ll help you understand everything involved with your life insurance policy and secure the right level of coverage at the right price. Contact us today at The Lambert Agency and let’s have your life insurance policy back where it should be: affordable, predictable, and designed for peace of mind. We look forward to hearing from you soon.

Life Insurance for Business Owners

September 15, 2025 by lambertagency

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By The Lambert Agency | Austin, Texas

When you’re a business owner, you wear a lot of different hats. You’re a leader, a visionary, a problem solver, and a risk taker. You work so hard to build something that will stand the test of time. Have you ever stopped to ponder what would happen to your business if something happened to you?

This is where life insurance for business owners comes in to help. At The Lambert Agency, we help entrepreneurs just like you protect their Austin, Texas businesses with life insurance for business owners; so you can rest assured that if anything were to happen to you, the business legacy you’ve established can carry on successfully.

Here’s how the right life insurance policy can properly safeguard your business, and why a life insurance policy for business owners is a critical element of any well thought out business plan.

💡 Why Business Owners Need Life Insurance

Life insurance is not just a personal financial tool, it’s a valuable, strategic business asset when implemented correctly. If you were to pass away unexpectedly, your life insurance policy could help with the following:

Keeping your business running without having to worry about financial disruptions
Protecting your family’s income and ownership interests, so the business can continue onwards
Funding a smooth ownership transition for partners or heirs, reducing or outright eliminating gaps in leadership
Reassuring lenders, investors, and employees that your company will remain stable during your untimely passing

Life insurance helps ensure the business you’ve worked so hard to build up does not collapse under the weight of uncertainty.

🏦 Key Uses of Life Insurance for Business Owners

Business Continuity & Key Person Protection

Each and every successful business always has people who are truly essential to the daily operations. Oftentimes, the owner or a top executive is that person. If this essential person passes away, the company may end up facing some serious financial setbacks. A key person life insurance policy will assist in replacing lost income, covering recruiting costs, and maintaining operations as the business regains composure and reestablishes itself. The business owns the life insurance policy itself, pays the premiums, and is listed as the beneficiary. All of this ensures the funds are available exactly when they’re most needed.

Buy-Sell Agreement Funding

If your business has partners or co-owners, a buy-sell agreement is an absolute must. Life insurance is how the buy-sell agreement is often funded.

Here’s how the buy-sell agreement works:

The agreement successfully outlines what happens to each partner’s ownership share if one of them passes away
Life insurance provides the funds needed for the surviving partner(s) to buy out the deceased owner’s share, both fairly and efficiently

This process of the buy-sell agreement prevents any internal disputes and ensures the family of the deceased owner is compensated, and keeps the business in capable hands.

Loan & Investor Protection

Many financial institutions and investors will require active life insurance policies as part of authorizing business financing agreements. A collateral assignment policy can be used to secure a business loan, providing lenders the confidence repayment will not be interrupted in the event of an owner’s death. For many investors, life insurance can provide reassurance their financial stake in your company remains fully protected.

Family & Estate Planning

For many entrepreneurs, the business is their family’s main asset. Life insurance can:

Replace the deceased owner’s personal income
Cover any estate taxes
Ensure loved ones aren’t forced to sell the business to pay off lingering debts
Provide financial stability as heirs or successors decide what the company’s next steps will be

A properly structured policy is able to keep your legacy intact, both at home and within your business.

🧾 Types of Life Insurance to Consider

Type	Best For	Key Benefits
Term Life Insurance	Short-term obligations like loans or partnerships	Affordable, simple, and flexible
Whole Life Insurance	Long-term protection and cash value growth	Lifelong coverage and asset-building potential
Universal Life Insurance	Owners seeking flexibility in premiums and benefits	Adjustable coverage that can grow with your business
Key Person Life Insurance	Protecting essential team members	Provides immediate liquidity for operational stability

An experienced insurance agent can help you determine which type, or combination, best fits your business structure, goals, and overall budget.

⚙️ How Much Coverage Do You Need?

The ideal coverage amount depends on multiple factors such as:

Your company’s annual revenue and debt obligations
The value of your ownership stake
The number of employees who depend on you
Existing personal and business assets

Here at The Lambert Agency, we always take the time to thoroughly analyze your business and financial structure to best determine how much protection is actually enough, without having to overpay for coverage you simply do not need.

📈 Tax Benefits of Business-Owned Life Insurance

In some cases, the life insurance premiums for a key person or buy-sell agreements may be fully deductible as business expenses, ultimately depending on how the business is structured. Proceeds from the policy are typically received by the beneficiary tax-free. The Lambert Agency always recommends consulting with a tax professional to best ensure your plan is structured for the maximum benefit and compliance.

🌟 The Lambert Agency Difference

We definitely understand that business owners do not have the time for cookie-cutter insurance solutions. For this reason, we always:

Compare policies from multiple top-rated carriers
Customize coverage options for your business structure and goals
Fully integrate your life insurance into your broader succession plan

At The Lambert Agency, our mission is simple: protect your business, your family, and your future, all in one comprehensive strategy.

Protect Your Business Legacy with The Lambert Agency

You’ve committed so many hours, days, and years to leave your business unprotected should you pass away unexpectedly. Whether you’re a solo entrepreneur or part of a rapidly growing partnership, The Lambert Agency is able to help you find the right level of life insurance for business owners. Feel free to contact us using the form below and we’ll be sure to respond to your message as soon as possible. We look forward to hearing from you soon.

Life Insurance for 30-Year-Olds: Why Now Is the Smartest Time to Buy

September 8, 2025 by lambertagency

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By The Lambert Agency | Austin, Texas

When you turn 30 years old, it can mark a big shift in your lifestyle, as you’re most likely building your career, purchasing a home, or starting a family. Turning 30 years old is also one of the best times in your life to purchase life insurance coverage. Here at The Lambert Agency, we help young professionals across the greater Austin, Texas area protect their families and their financial future with properly planned, affordable forms of life insurance coverage. Here’s why purchasing life insurance in your 30s is typically one of the best financial decisions to make.

💡 Why Life Insurance Matters at 30

Life insurance is not just for people with children or huge mortgages, it’s for anyone who would like to ensure their loved ones are financially secure if something unexpected happens. At 30 years old, you may be:

Married or in a long-term relationship
Paying off student loans or a mortgage
Starting a family or planning to soon
Building a business or side hustle
Earning more than you were in your 20s, and wanting to protect what you’ve built

Life insurance helps to ensure that if you were to pass away unexpectedly, your loved ones could comfortably afford to pay off the mortgage, wipe out any and all debts, and maintain their lifestyle without added financial stress.

🏦 The Big Advantage: Low Cost

In your 30s, life insurance premiums are at some of the lowest they’ll be. As you begin to age, the cost of life insurance premiums will typically increase. For example, a healthy 30-year-old could receive the following form of life insurance coverage:

$500,000 of term life coverage for as little as $20–$30 per month

Choosing to buy life insurance in your 30s will now lock in these low rates for decades, even as you age or your health changes.

⚖️ Term vs. Whole Life Insurance for 30-Year-Olds

Feature	Term Life Insurance	Whole Life Insurance
Coverage Duration	10–30 years	Lifetime
Cost	Lower premiums	Higher premiums
Builds Cash Value?	No	Yes
Best For	Income replacement, family protection	Long-term wealth building, legacy planning

Term life insurance coverage is usually the right choice for 30-year-olds. It’s very affordable in most cases, simplified, and it provides high coverage levels during the years your financial responsibilities are greatest.

Whole life insurance is the ideal choice if you would like permanent coverage which also doubles as a long-term financial asset.

🧾 How Much Life Insurance Do You Need at 30?

The most common rule of thumb to properly determine just how much life insurance you need at 30 years of age is around 10-12 times your annual income. An example of this is, if you earn $75,000 per year, you should try to secure around $750,000 – $900,000 in life insurance coverage. You should also be sure to factor in the following:

Any outstanding debts (student loans, credit cards, car loans, mortgage, etc…)
Preparing for future family needs (childcare, college tuition, healthcare, etc…)
Evaluating any ongoing living expenses for your spouse or dependents
Keeping track of any business or personal loans you’ve co-signed to determine how much would be needed to pay off said business or personal loans

Here at The Lambert Agency, we can assist you in calculating the right amount of life insurance coverage for your unique situation and budget, all without having to overpay.

🩺 What If You Have Health Conditions?

Even if you do have health conditions at the age of 30 (high blood pressure, asthma, diabetes, etc…), applying at the younger age of 30 improves your chances of receiving a better rate. Many insurers will offer a “preferred” or “standard-plus” rate for properly managed conditions paired with a healthy lifestyle.

🧭 Life Insurance Options for 30-Year-Olds

Term Life Insurance: Best for affordable coverage options and larger coverage amounts
Whole Life Insurance: Great for lifelong coverage and cash value growth, which can be borrowed against in the future if necessary
Universal Life Insurance: Offers flexible premiums and investment options
Employer-Sponsored Coverage: A good start, but usually not enough on its own, as it’s typically a much smaller amount of coverage than a standard term life insurance policy

You can also combine term and whole life policies for a balanced, customized approach, something we often recommend to young couples or new homeowners.

🌟 The Benefits of Buying at 30

Lower premiums: Lock in your best possible rate for the specified period of time (usually 30 years of coverage)
More options: Choose from a wider variety of top-rated carriers and various policy types
Easier approval: Your health and age are truly on your side, resulting in a much easier approval process combined with preferred coverage limits
Future flexibility: You can always choose to add or adjust coverage later on if needed

The earlier you choose to start with life insurance coverage, the more you’ll end up saving over the lifetime of your life insurance policy, and the stronger your protection will be.

💬 Don’t Rely on Employer Life Insurance Alone

Many 30-year-olds will choose to rely solely on their employer-sponsored, group life insurance plan. While this is certainly a generous benefit on behalf of your employer, it’s typically only 1-2 times your annual salary. On top of that, you’ll lose coverage should you decide to change jobs. A personal life insurance policy stays with you for the duration of the policy’s terms, no matter where you choose to work.

🌆 The Lambert Agency Advantage

Here at The Lambert Agency, we choose to work with multiple top-rated life insurance carriers to help you find the best coverage for your specific needs and budget.

We make it easy to:

Compare quotes from several top-rated providers
Easily choose between term and whole life options
Be approved quickly, often with no medical exam required

Our mission is to help you adequately protect your family and future with confidence, at an affordable price to best fit your lifestyle.

Get a Free Life Insurance Quote in Austin, TX

Your 30s are the perfect time to fine-tune your financial future and plan ahead accordingly. Allow The Lambert Agency to help you find the best life insurance policy that grows with you, all at an affordable rate. Your loved ones will be financially protected, no matter what the future may hold. Feel free to contact us using the form below. We’ll be sure to respond to your message as soon as possible. We look forward to hearing from you soon!

Life Insurance for Mortgage: Protecting Your Home & Family

September 3, 2025 by lambertagency

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By The Lambert Agency | Austin, Texas

For many families, a mortgage is likely the largest financial obligation they’ll take on throughout their lives. While home ownership can be a major milestone, it also will come with a big “what if?” question:

What would happen to my family — and our home — if I passed away unexpectedly?

This is where life insurance for your mortgage can come in to help. Here at The Lambert Agency, we help Austin, Texas homeowners protect what actually matters most through ensuring their loved ones have the ability to continue to reside in their home, no matter what the future may bring.

🏠 What Is Mortgage Life Insurance?

Mortgage life insurance, alternatively referred to as “mortgage protection insurance”, is designed to pay off your mortgage should something happen and you pass away within the term of the policy. Unlike traditional forms of life insurance which will provide a flexible cash benefit your family can choose how to use, mortgage life insurance is specifically tied to your underlying mortgage balance. This means your mortgage life insurance policy benefit decreases as your mortgage is paid down over time.

💡 How It Works

Here’s a simple example of how this mortgage life insurance process works:

Let’s assume you have a $350,000 mortgage on a 30-year loan. You choose to purchase a mortgage life insurance policy for the same amount and term of the mortgage itself.

If you were to pass away 10 years into your mortgage loan, your insurer would pay the remaining mortgage balance directly to the lender, which will ensure your family is able to keep the home without having to worry about the “what if?” factor.
If you outlive the policy term, it expires just as your mortgage would once it’s paid down.

This specific form of life insurance coverage provides you and your family peace of mind, knowing they won’t face foreclosure or financial stress during an already difficult time should you pass away unexpectedly.

⚖️ Mortgage Life Insurance vs. Traditional Life Insurance

Feature	Mortgage Life Insurance	Traditional Life Insurance
Payout Recipient	Lender	Beneficiaries (your choice)
Coverage Amount	Declines as mortgage balance decreases	Stays level throughout the term
Flexibility	Pays only the mortgage	Can cover any expense (mortgage, debts, living costs, etc.)
Cost	Usually affordable, but limited benefit	Often more versatile and long-term value
Best For	Homeowners focused solely on mortgage protection	Families needing broader financial protection

Here at The Lambert Agency, we will often recommend exploring term life insurance as an alternative, as it’s typically much more flexible and cost-effective while still covering your mortgage obligations should the need arise.

💰 Using Term Life Insurance to Cover Your Mortgage

A term life insurance policy allows you to specify the exact amount and length of coverage which aligns with your mortgage. Here’s an example of how this would work:

If you have a $400,000, 30-year mortgage, you would purchase a 30-year term policy with a $400,000 death benefit. If you pass away during the specified period, your beneficiaries will receive the full benefit directly, and they can decide how to best use it:

Pay off the mortgage entirely
Cover monthly bills and living expenses
Fund college tuition or other priorities

Term life insurance is a much more flexible and family-centered approach to mortgage protection insurance.

🧾 Why Life Insurance for Your Mortgage Matters

Without the right level of coverage, your family could face the following issues:

Difficulty making mortgage payments without your income
Risk of losing the home through foreclosure
The emotional and financial stress of having to sell the home quickly

When you choose to have a properly structured life insurance policy with the help of The Lambert Agency, it helps to remove those worries, ensuring your loved ones can continue to reside in the home you worked so hard for.

📈 How Much Coverage Do You Need?

A proper rule of thumb is to match up your life insurance coverage amount and term to your actual mortgage:

Coverage amount: Equal to your current mortgage balance
Term length: Equal to (or slightly longer than) your mortgage term

If you happen to have other financial obligations, such as car loans, college savings needs, or credit card debt to service, you may want to think about increasing your coverage for full protection.

🌟 The Lambert Agency Advantage

Here at The Lambert Agency, we simplify the process to find the right policy for your home and family. We’ll help you with:

Comparing term life vs. mortgage-specific options
Choosing coverage that fits your mortgage term and budget
Ensuring your family is fully protected, no matter what happens

Choosing to protect your home is not just about bricks and mortar, it’s about protecting the people inside of it; your family.

Protect Your Home & Family Today

When it comes down to it, your home is more than just an address, it’s your family’s core foundation. Allow The Lambert Agency to help you determine the right life insurance policy and level of coverage to help keep your home secure for many years to come. Feel free to contact us using the form below and we’ll be sure to help you in any way we can. We look forward to hearing from you soon.

Life Insurance for New Parents: Protecting Your Growing Family

September 2, 2025 by lambertagency

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By The Lambert Agency | Austin, Texas

When you become a parent, it truly changes everything. Your priorities, perspective, and your sense of responsibility all shift. You suddenly have a human life you’ve created depending on you for everything. Becoming a new parent involves a lot of changing of diapers, sleepless nights, and new routines. There’s one thing which should always be high on every new parent’s to-do list: life insurance. Here at The Lambert Agency, we help Austin, Texas area parents protect what truly matters most, their families, through finding the best life insurance coverage at the best price available to provide true peace of mind for many years to come.

💡 Why New Parents Need Life Insurance

Life insurance is more than just about money, it’s about security and stability for your family’s future. If something were to unexpectedly happen to yourself or your partner, life insurance is there to ensure your loved ones could do the following without having to worry about financial burdens:

Cover day-to-day living expenses
Pay the mortgage or rent
Fund childcare or education costs
Pay off debts or medical bills
Maintain the lifestyle you’ve worked hard to build

Life insurance is one of the most meaningful ways to protect your family’s and child’s future, no matter what life may throw at you.

👨‍👩‍👧 Both Parents Need Coverage — Even the Stay-at-Home Parent

Many families make the mistake of assuming only one parent needs life insurance, and they typically choose to cover the higher earner out of the two parents. It’s important to note that both parents play an equally important role in raising the child and a stay-at-home parent can end up contributing the equivalent of thousands of dollars’ of labor if they were to enroll with the help of a professional caretaker for the child. When you have life insurance for both parents, it ensures the surviving spouse has the right level of financial means to keep life as stable as possible for your child during an extremely difficult time.

🏦 How Much Coverage Do New Parents Need?

A good starting point when determining how much coverage is needed as new parents is around 10-12 times your annual income, yet every family’s needs are certainly different. When calculating out coverage, choose to consider the following:

Your mortgage or rent
Childcare costs (which can very easily exceed $10,000/year in Texas)
Future education expenses
Outstanding debts (credit cards, car loans, student loans)
Income replacement for at least 10–15 years

Here at The Lambert Agency, we help new parents custom tailor their life insurance policy amounts to fit both the current lifestyle and long-term family goals, all without having to overpay for any unnecessary coverage.

⚖️ Term vs. Whole Life Insurance for New Parents

Feature	Term Life Insurance	Whole Life Insurance
Coverage Length	10–30 years	Lifetime
Cost	Lower premiums	Higher premiums
Cash Value	No	Yes (builds over time)
Best For	Young families and mortgages	Long-term planning and legacy building

Term life insurance is by far the most popular choice for new parents, as it’s very straightforward, affordable, and will provide a high level of coverage relative to the underlying premium rates.

Whole life insurance coverage is able to offer lifelong coverage and build up cash value, which is ideal if you want a policy which doubles as a long-term savings tools.

🩺 Do You Need a Medical Exam for New Parent Life Insurance Coverage?

No, not in every scenario. Many insurers will offer no-exam life insurance coverage for healthy applicants. This is perfect for newly busy parents who do not have the time to schedule a comprehensive medical exam. These no-exam life insurance policies can be rapidly approved, often within the same day, while still being able to offer competitive rates and strong protection.

💬 What If You Already Have Life Insurance Through Work?

If you happen to already have life insurance through your work, that’s great, but it’s usually only around 1-2 times your annual salary. It also ceases to exist if you change jobs. Choosing to add your own personal life insurance policy will ensure your family remains protected over the long term, even if you choose to change jobs.

🧸 Common Mistakes New Parents Make When Choosing Life Insurance Coverage

Delaying coverage: The sooner you choose to apply, the lower your premiums will be; as the older you are, the higher the premiums will likely be

Relying solely on employer insurance: It’s rarely sufficient for growing families, as it’s only 1-2 times your annual salary

Insuring only one parent: Both roles matter financially, whether it’s a caretaker or a primary breadwinner

Underestimating childcare & education costs: Always plan for inflationary effects accordingly

A few smart decisions early on can make a world of difference for your family’s future financial security.

🌟 The Lambert Agency Advantage

Here at The Lambert Agency, we simplify the process of securing a life insurance policy for busy parents like yourself. We’ll help you with the following:

Compare policies from multiple top-rated insurers
Choose the right amount and type of coverage for your family’s specific needs
Find the best rates for your age, health, and budget; while still offering strong protection
Set up flexible coverage that can grow as your family grows

We handle all of the intricate details, so you can focus on what matters most: your new baby.

Get a Free Life Insurance Quote for New Parents in Austin, TX

Your family’s financial future deserves the best protection which is as strong as the love you have for them. Allow The Lambert Agency to help you find the best life insurance coverage to secure your child’s future, today. Feel free to contact us using the form below and we’ll be sure to respond to your message as soon as possible. We look forward to hearing from you soon.

Life Insurance for Diabetics: What You Need to Know

September 1, 2025 by lambertagency

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By The Lambert Agency | Austin, Texas

If you happen to be living with diabetes, you are already well aware of the importance of taking care of your health, but what about when it comes to your family’s financial health and wellbeing? Many individuals with diabetes assume obtaining a life insurance policy will be too difficult or too expensive. The good news? It’s absolutely possible to obtain life insurance coverage as a diabetic, and the rate may be more affordable than you previously anticipated.

Here at The Lambert Agency, we’re happy to specialize in helping individuals across Austin, Texas find the right life insurance solutions, no matter what their health history may entail. Here is what every diabetic should be aware of when it comes to securing life insurance coverage and protecting their loved ones’ financial wellbeing.

💡 Can Diabetics Qualify for Life Insurance?

Yes, a diabetic individual can certainly qualify for life insurance in many scenarios. Life insurance companies will examine the diabetic individual’s eligibility and premiums by looking at the type of diabetes, the overall health of the diabetic individual, and how well the diabetic individual manages their health. While having diabetes increases premium costs with a life insurance policy and the overall availability of coverage, it’s not an automatic disqualification; especially if the diabetic individual is taking the right level of proactive steps to best manage their condition.

🩸 How Insurers Evaluate Applicants with Diabetes

When applying for life insurance coverage, insurers will typically review the following:

Type of diabetes (Type 1, Type 2, or gestational)
Age at diagnosis
Current age and overall health
A1C levels and blood sugar control
Medications and treatment routine
Lifestyle factors (diet, exercise, tobacco use, etc.)
Any diabetes-related complications

The more one has their diabetes under control, the more favorable the life insurance premium rates will be. Many insurers will utilize modernized underwriting techniques which treat properly managed diabetes with a greater level of leniency than in past decades.

🏥 Types of Life Insurance Available for Diabetics

Term Life Insurance

A term life insurance policy for diabetics is coverage which is set for a fixed period of time, typically in intervals of 10 years, 20 years, or 30 years. Term life insurance for diabetics is generally the most affordable option available and it’s also ideal if you want to protect your family’s financial wellbeing while simultaneously paying off a mortgage, raising your children, or building up your savings. Many diabetics will qualify for a standard or near-standard premium rate, especially if they’re properly managing their diabetes condition.

Whole Life Insurance

Whole life insurance policies for diabetics are able to provide lifetime coverage and do include a cash value component which does grow over time. The monthly premiums are more expensive than term life insurance policies, yet they will remain fixed, and the coverage never expires as the payments are made on a timely basis.

Guaranteed Issue Life Insurance

If your diabetes is more severe than most cases, or it has led to health complications, guaranteed issue policies may be the best choice. A guaranteed issue policy will not require a medical exam, nor will it require a health questionnaire, allowing approval to be nearly automatic in some cases. Guaranteed issue life insurance policies will typically have a much smaller coverage amount, ranging anywhere from $5,000 – $25,000, and they will often be used for final expenses or funeral costs.

Simplified Issue Life Insurance

A simplified life insurance policy is a type of policy which does not require a medical exam, but it does include a short health questionnaire. It can be a good middle ground option between guaranteed and fully underwritten policies. It typically has a faster approval process and moderately priced premiums.

⚖️ How Much Does Life Insurance Cost for Diabetics?

Life insurance premiums for diabetics vary based on specific health profiles, but the key factors are:

Type of diabetes (Type 2 generally gets better rates than Type 1)
A1C levels (ideally below 7.0 for best pricing)
Body mass index (BMI)
Blood pressure and cholesterol levels
Overall health management

An example of this could be a 40-year-old with well-managed Type II diabetes who only pays slightly more than the average healthy individual of the same age. The difference can be minimal if the diabetes condition is stable and controlled.

🧭 Tips for Getting the Best Life Insurance Rates as a Diabetic

To improve your chances of qualifying for life insurance as a diabetic, and to save money, follow these steps:

•Work with an independent agency (such as The Lambert Agency) who has the ability to shop around multiple carriers for the best diabetic-friendly options

•Try your best to keep your medical records up to date, as underwriters appreciate documentation of consistent management

•Stay consistently active and maintain a healthy weight if possible

•Avoid tobacco products, as smoking can significantly increase premiums for diabetics; or outright disqualify you with certain insurers

•Consider reapplying for life insurance if your A1C improves or you lose weight, as better control of your diabetes condition often means better rates

🌟 Why Work with The Lambert Agency

Here at The Lambert Agency, we truly understand that every client’s situation is unique, as is every diabetes diagnosis. We’ve chosen to partner with multiple top-rated life insurance carriers that specialize in diabetic underwriting, assisting you in:

Finding affordable coverage without unnecessary medical hurdles
Comparing quotes across several insurers
Understanding exactly what’s covered, and what’s not covered in easy to understand language; no excess jargon

Our goal at The Lambert Agency is simple: we make it easier for you to protect your loved ones, your home, and your legacy; even if you have a diabetes condition.

Having diabetes does not mean you’re automatically disqualified from obtaining a life insurance policy, it simply means you need the right guidance to find the best policy for your unique scenario. When proper planning is implemented with the help of an experienced independent agent, you’ll be able to find the best policy which aligns with your health, goals, and budget.

Get a Free Life Insurance Quote in Austin, TX

Whether you’re a Type 1 diabetic, Type 2 diabetic, or you have gestational diabetes, here at The Lambert Agency, we’re going to help you find the right coverage you need, at the right price. Feel free to contact us using the form below. We look forward to hearing from you soon.

Life Insurance for Your Spouse: Protecting the One Who Matters Most

August 31, 2025 by lambertagency

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By The Lambert Agency | Austin, Texas

Marriage is about having a shared experience and a shared life with the one you love. Sharing your dreams, responsibilities, and future with a spouse is one of the most powerful things you can do in this lifetime. With this being said, many couples will overlook one of the most important parts of protecting their financial future; a life insurance policy. While one spouse may have a life insurance policy through their work or a personal policy it’s still important to have both partners covered in the event something happens. Life insurance for your spouse helps to ensure your family’s financial stability remains, no matter what happens along the way. Here at The Lambert Agency, we help couples across the greater Austin, Texas areas find the best life insurance coverage options for them which are both affordable and customized to each and every couple’s unique needs and wants.

💡 Why Both Spouses Need Life Insurance

Life insurance is not just for the primary income earner, it’s for anyone whose absence would create a true financial burden. Whether your spouse is a full-time employee at a company, stays at home with the kids, or contributes in other ways to the household, their role does have financial value.

Here’s why proper life insurance coverage matters for both spouses:

Lost income replacement: This aspect of life insurance for spouses helps cover any household bills, mortgage payments, or childcare if your spouse passes away.
Family stability: The level of stability a life insurance policy can provide is very important, as it helps to ensure your family’s lifestyle can continue without financial disruption.
End-of-life costs: Final expenses such as funeral costs, burial costs, or end of life medical expenses add up quickly. Having the right level of coverage through a life insurance policy for your spouse can help cover associated costs.
Peace of mind: Just knowing both partners are protected will allow you to focus on living your best life, not worrying about the “What if?”.

Even if one of the spouses is a stay-at-home parent, they will often provide tens of thousands of dollars worth of uncompensated labor. Whether it’s childcare, meal preparation, or management of the household. Life insurance helps ensure all of those responsibilities will continue to be supported financially should something tragic happen.

🏦 Types of Life Insurance for Your Spouse

Term Life Insurance

Term life insurance is by far the most affordable and straightforward option for couples.

Provides set levels of coverage for a set period of time (e.g., 10, 20, or 30 years)
Ideal for protecting your family during mortgage or child-rearing years
Pays out a lump sum to your beneficiary if your spouse passes away during the specified term

You’re able to purchase separate term policies for each spouse, and even sometimes a joint policy that covers both individuals under one single plan.

Whole Life Insurance

Whole life insurance policies provide lifetime protection and build cash value over time.

Premiums will always remain fixed
Coverage never expires, as long as the payments are made in a timely fashion
Cash value can be borrowed from or even withdrawn if needed later on in life

This type of life insurance policy is best for couples seeking out long-term financial planning, not just short-term protection.

Employer-Sponsored Coverage

Many employers will offer life insurance coverage as part of their benefits package, yet these policies are often limited in total payout amounts (typically 1–2 times your annual salary) and they will not travel with you if you choose to change jobs. Supplementing this employer-sponsored life insurance policy with your own individual policy will ensure lasting coverage that stays in place, no matter where your spouse works next.

⚖️ How Much Life Insurance Does Your Spouse Need?

It’s always a good idea to carry 6-10 times your annual income in the form of life insurance coverage. Consider the following when building out your life insurance policy:

Outstanding debts (mortgage, car loans, credit cards)
Future expenses (college tuition, childcare, retirement)
Income replacement (how long would you need support?)
End-of-life costs

Here at The Lambert Agency, we’ll assist you with calculating the right level of coverage to keep your family financially secure for many years to come.

🧾 Joint vs. Individual Life Insurance Policies

You can choose to purchase one life insurance policy to cover both spouses, or two separate individual life insurance policies as well. Joint life insurance policies may be the most convenient, but they could also be less flexible. This is especially true if one partner outlives the other. Most couples will prefer to have individual policies so each partner has coverage tailored to their specific needs, health, income, and wants.

💬 Common Questions About Spousal Life Insurance

Q: “Can I take out life insurance on my spouse?”
Yes, you can, as long as your spouse provides consent and there’s an “insurable interest”, meaning you’d be negatively impacted through financial means if they were to pass.

Q: “Can a stay-at-home spouse get life insurance?”
Yes, they can. Even though a stay-at-home spouse may not have a formal income, their contributions have measurable financial value, and most insurers will recognize said value.

Q: “What happens if we both pass away at the same time?”
Separate policies best ensure both forms of benefits are paid to your chosen beneficiaries upon passing. This in turn provides double protection for your children or heirs.

🌟 The Lambert Agency Advantage

Here at The Lambert Agency, we truly understand the importance of protecting your marriage and your family. This means so much more than simply checking a box, it means planning for each and every possibility with true compassion and care.

We help couples:

Compare quotes from multiple top-rated insurers to provide the best price and level of coverage
Customize policies for both spouses, as individual needs and wants may vary
Balance affordability with long-term protection to best ensure you and your spouse are covered at the most optimal price

We will guide you through each step of the process. Choosing the right level of coverage amounts to ensure your beneficiaries are set up if you happen to pass.

Get a Free Life Insurance Quote for You and Your Spouse in Austin, TX

Love is about caring for each other in every way possible, including through finances. Protect your family’s future today with the right level of life insurance coverage via a plan built for two; you and your spouse. Feel free to fill out the form below and we’ll be sure to respond to your message as soon as possible. We look forward to hearing from you soon!