Life Insurance 101
Whether you’re new to life insurance, or just a little fuzzy on the details, we’re here to get you up to speed.
What is life insurance?
Life insurance is an affordable and necessary step to part of protecting your family’s financial future in the event of your passing. Policies can last for a set amount of years (term life insurance), or last throughout your entire life (whole life insurance).
We think everyone with a family should have life insurance – just in case. And we think its time for a next generation of life insurance to exist, after all do you still take a taxi cab or use a rotary phone?
Since you’re a person and not a stat, we offer next-generation life insurance that can protect your family AND inform you on how you can live longer through epigenetics. We are working to transform the insurance industry so that the science can provide you with personalized rates.
Why do I need life insurance?
Simply put, life insurance is a necessary step when you have people who count on your income. This could be your family or, in some cases, your parents. If your parents co-signed for your student loans, they may be at risk if you pass away before you pay off the loans. Your life insurance policy can cover existing debts like student loans and credit cards, or help pay for future needs like your child’s college tuition.
Life insurance might seem unnecessary when you’re young and healthy, but this is the time you need it the most. You’re in your prime earning years. By not having life insurance, you could be leaving your family without the financial stability you’re working hard to create.
We are using the most advanced technology to get you the best rate with the most progressive carriers, so you can rest easy knowing you’re not only protecting your family, but you’re getting the best rate available to you.
How is YouSurance Different?
Our mission is to bring step change technology to the life insurance industry because life insurance should be as unique as you are. If we have it our way, we will be the company that provides the life insurance to the astronauts going to Mars.
Your health and wellness starts with epigenetic biomarkers in your saliva. Our proprietary technology has been developed by one of the world’s leading experts on molecular aging, who has proven that epigenetic signatures are related to human longevity. This technology enables us to assess your health, well-being and expected lifespan. We believe this information is critical to getting you the best rate for life insurance. When you apply for life insurance with us, you will receive a Longevity Report that provides insights into your overall lifespan based upon your epigenetic signature.
As our science continues to advance, we intend to push the boundaries of life insurance industry to respond to customer demand for more personalized rates. Overtime, we expect our science to be able to provide you with valuable insights into your personal health and wellness.
We’re passionate about science, and advancing life insurance industry beyond its gravitational bonds in order to give you life insurance that’s as unique as you are.
How does YouSurance work?
When you apply for life insurance with us, you get two things:
- A call from a YouSurance licensed representative to discuss your insurance needs and facilitate getting you a quote on the level of life insurance you need to protect your family, as well as guide you through your application for coverage.
- A YouSurance Spit Kit to collect a saliva sample that will be used to analyze your epigenetic aging profile.
The life insurance process, for now, will still follow a familiar path in order to get you a quote and coverage. In the not so distant future, the YouSurance Spit Kit, along with supervised machine learning, will be all that is needed to provide you the most advanced life insurance underwriting ever designed. We intend to create a life insurance experience unlike any other.
Are you an insurance company?
Right now, we are an insurance agency that is working on your behalf to get you the best rates. We are also working to adopt the most advanced science in predicting human longevity.
We understand our technology not for every person or for every insurance carrier. However, our science is not science fiction either, as recently discussed in a video by the Medical Director of one of the world’s largest life reinsurance companies. (Watch Here)
That is us he is talking about at 33:00, the one where he talks about the landmark study, and where he summarizes our research that “Epigenetic age predicts all-cause mortality above and beyond chronological age and traditional risk factors.” Note the author of that research :) .
How much life insurance do I need?
Good question. First of all, affordability is important. You should only buy insurance you can afford. We believe that something is better than nothing, so buy what you can afford so that you will have coverage when you need it.
If you’re not sure where to start, we have a simple formula that’ll help you calculate how much life insurance you need.
- Add up your salary. Calculate the number of years you think your family will need your salary. We recommend between 5 and 10 years.
- Add up any additional expenses. Include student loans, credit cards and mortgage. Consider future needs like college tuition and funeral costs.
- Add up your responsibilities. If you’re a stay-at-home parent, include the cost of replacing your responsibilities like child care.
- Subtract your liquid assets. For example, any savings, existing college funds and other life insurance policies. Deduct that amount from your total.
