The Worsley Agency

07/13/2026

07/02/2026

TO ALL MY FAMILY, CLIENTS AND FRIENDS
WE AT THE WORSLEY AGENCY, WISH YOU A VERY SAFE AND ENJOYABLE HOLIDAY

06/30/2026

Life Insurance For Every Age

Learn more about your life insurance plan options and how your needs may change as you age.

Purchasing a life insurance policy may be beneficial if you have family members who depend on you financially. But the right time to buy a life insurance policy is different for everyone. Below, we examine what you should consider when purchasing life insurance in your 20s, 30s, 40s and beyond.

Life Insurance In Your 20s…

Whether you’re getting married, starting a family or working to pay off student loans, your 20s should be the time you start thinking about life insurance.

Although you may think you’re too young for a policy, it’s never too early to plan for your long-term financial commitments. Children and spouses aren’t the only people who may be affected if you die unexpectedly. You may be supporting your parents. With a life insurance policy, you can help your parents' ability to afford their necessities and access long-term care if something were to happen to you.

The main advantage of buying life insurance in your 20s is that you might be able to purchase a higher coverage term policy for a more affordable monthly premium. If you plan on starting a family or buying a house, you can get a life insurance policy early. Term life insurance policies can last for up 40 years, and if you buy early, you may be able to lock in a lower premium that you will appreciate in the decades to come.

In Your 30s...

If you have a family, life insurance is a purchase you can make to help the people you love have the financial support they may need, even if something were to happen to you. If you were to die, who would pay for your children’s college tuition? Your outstanding student debt? The mortgage on your house? These are some common uses of life insurance death benefits, though your beneficiaries may use them however they wish.

Waiting too long to get life insurance could make it more expensive. If you wait until you develop a serious medical condition, you may not be able to get an affordable policy (or a policy at all).

Some financial professionals believe that the best time to buy affordable life insurance is when you are still young and healthy. And when you’re in your 30s, life insurance may be less expensive than you think. In LIMRA’s 2016 Insurance Barometer study, surveyors found that participants overestimated the cost of an average 20-year, $250,000 term life insurance policy for a 30-year-old by more than twice its actual cost.2

In Your 40s…

Your 40s can be a time of changing commitments and unexpected financial hurdles, making it an important time to keep life insurance on your radar, even if you already have a policy.

More and more people are raising young children in their 40s. Regardless of age, new parents might want to consider buying life insurance to offer some financial protection for their children.

If you already have a policy, but you purchased it based on your income and debts at the time, your 40s may be the time to revisit it. Whether you've moved up an income bracket or acquired new obligations, now may be a good time to purchase more coverage or a different policy while you can still find affordable premiums.

In Your 50s…

Finding an affordable life insurance policy in your 50s might take more time than if you were buying one in your 30s or 40s, but it’s still not too late to get the coverage you may need.

Most insurance companies have a maximum age for selling term life policies, but these can vary depending on coverage and length of plan. You may be able to apply for a 30-year term life plan up to age 55 in some cases. You may also be able to apply for shorter term plans after age 55. It depends on the insurance carrier you choose — your acceptance and rating class will be based on the results of your application and medical exam, if applicable.

If you want to purchase life insurance in your 50s but have health issues that may prevent you from obtaining traditional life insurance coverage, you may want to consider a guaranteed-acceptance life insurance policy.

Guaranteed-acceptance policies don't ask health questions, nor do they include a medical exam. However, they are usually the most expensive types of policy per dollar of death benefit and are typically the last resort for consumers who don't qualify for other types of policies.

These plans may have a graded death benefit for an initial period of time. This means if you die during the graded death benefit period (usually one to two years after issuance), your beneficiaries won't recieve the full death benefit amount.

You might want to compare term life insurance plans before you commit to a guaranteed-acceptance policy. Different companies have different requirements for accepting applicants, and you never know which plans you might qualify for until you apply.

In Your 60s and Beyond…

Believe it or not, you can still get a life insurance policy in your 60s and 70s. Long-term policies (for 20 or 30 years) are likely out of the picture due to common age limits on policies, but you still may have options for coverage if you’re looking for a plan now.

If you just want to leave your loved ones enough to pay for your funeral, a guaranteed-acceptance life insurance is another option for older applicants. These plans typically pay out $25,000 or less to your beneficiaries at the time of death, which can be used to cover funeral expenses and other final costs.

They are the most expensive type of life insurance, per dollar of coverage. These plans may have a graded death benefit for an initial period of time. If you die within the first year or two of the policy, your beneficiaries will receive a return of premiums — not the full death benefit amount.

But don’t rule out term life insurance just yet. Insurance companies may be more scrutinous with your application if you're looking for a plan for your senior years. But depending on your medical history, you may be able to find an affordable rate.

CALL FOR A QUOTE TODAY: (252) 230-2424

THE WORSLEY AGENCY

06/30/2026

Why It’s Important to Have Life Insurance in Your 40s.

As a 40-something, you’re likely in the midst of some financially demanding years, with a complex mix of responsibilities and assets you want to protect.

Here are a few critical reasons why it may make sense to get life insurance in your 40s.

You want to plan for your children’s future. Ensuring that as your kids grow, they’re financially protected is a major reason many 40-somethings choose to purchase life insurance.

Not only are they one of your biggest responsibilities, but
child expenses range from the long-term—like educational planning—to monthly—like childcare, school supplies, groceries and clothing.

By having a life insurance policy, you’re able to help your children as well as your significant other with costs if something were to happen to you. You don’t want to pass down debt.

A recent Experian study showed that those aged 40 to 55 (Gen X) are likely to carry the most debt of any age group at about $136,000, which is $40,000 more than the second-highest group, Baby Boomers.

Do you want to pass on these expenses to your loved ones if you were to pass away? Would your family be able to handle payments without any financial assistance? If your answers are “No,” in getting life insurance in your 40s might be a good plan.

You want your spouse to have a safety net. Although your home may have two breadwinners, losing you unexpectedly could negatively impact your spouse’s financial stability or current living situation.

Factoring in mortgages, monthly bills, child expenses, health costs, and their retirement, if you don’t have any or enough financial coverage, your significant other could have a monetary burden put on their shoulders.

Especially if your spouse is a stay-at-home parent, knowing your family can be protected with a financial plan if your income were to be lost can be comforting. You want your elderly family members cared for. When your elderly loved ones rely on you, your passing would raise many questions and uncertainties.

How will they maintain their standard of care? Will they be able to afford assisted living? What would their options be if they lost your supportive income? Whether it’s paying for medical bills or living costs, having a life insurance policy could help you cover their care.

The bottom line on life insurance in your 40s. Knowing you’ve got proper, affordable, and straightforward life insurance to support the financial obligations you have can be comforting and help you feel confident you’ve secured your financial legacy.

Tyrone Worsley
The Worsley Agency
252-230-2424

06/23/2026

Annuity vs. 401(K): Which can be Better for Retirement?

Annuity vs. 401(k)

A 401(k) is a tax-deferred retirement account you can often get through your employer. Contributions are usually a regular deduction from your paycheck. You don’t have to pay taxes on earnings contributed to a 401(k) at the time you make them. An exception to this is a Roth 401(k), which you fund with after-tax money.

The money in your 401(k) is invested in mutual funds, exchange-traded funds (ETFs) or other investments as you choose. When it comes time to stop working, you can withdraw funds from the account to pay for your retirement.

You don’t have to pay taxes on the money in 401(k)s, until you withdraw it. The funds in Roth 401(k) are, again, exempt, as you’ve already paid taxes on your contributions.

Put simply, an Annuity is a contract you enter into with an Insurance Company. Like with any other insurance policy, you’ll pay a premium up front in exchange for the promise of money paid to you down the line. Unlike an auto or home insurance policy, though, collecting that money is not contingent on you having some sort of accident or incident; you are guaranteed a payout at a predetermined time.

The details of an annuity — your premium payments, how much you’ll get in retirement, how often you’ll receive dispersals and for how long — are all determined when you purchase the annuity. Again, make sure you take your time to research and choose the best product for your situation.

Whether you choose a 401(k) or annuity, fiduciary financial advisors are obligated to work in your best interest and could help you consider your options and the tax considerations associated with each.

Major Differences Between Annuities and 401(k)s

While anybody can buy an annuity, only people whose employers have 401(k) plans can contribute to one. If your employer doesn’t have a 401(k) program, you cannot contribute to one. Anyone who’s self-employed can set up his or her own 401(k), though.
Fees are another major differentiator. It could be quite easy to check the fees you’re paying for your 401(k). To do this, simply ask your plan administrator for an explanation of any fees charged to your account. Annuity fees are much harder to figure out and are often significantly higher. You may pay steep sales commission fees for annuity, benefit rider fees and more.

If you withdraw funds from your 401(k) before age 59.5, you may have to pay a 10% early withdrawal penalty, in addition to the income tax due on the amount you withdrew. Annuities have their own early withdrawal fees, as well as annuity surrender fees. Annuity surrender fees are reduced as time goes by, meaning they’ll usually disappear after five years.

Another way annuities and 401(k) accounts differ is you can borrow from your 401(k), while you can’t borrow from an annuity. Plus, most annuities provide unchanging regular payments, which means you won’t have inflation protection.

Inheritance is another point of discrepancy. Your heirs can inherit your 401(k), while annuity payments typically cease with your death. Some annuities, however, allow you to pay more to purchase an annuity with a death benefit that will, like a regular life insurance policy, pay money to designated beneficiaries.

To help best understand the differences between 401(k)s and annuities, it could be helpful to speak with a financial advisor.

Making Withdrawals from Annuities and 401(k)s

Another big difference is that an annuity could offer guaranteed payment for as long as you live. That means, at least with most annuities, you can’t run out of money. A 401(k), on the other hand, can only give you as much money as you have deposited into it, plus the investment earnings on that money.

If the market goes down, annuity payments keep coming. The same can’t be said of a 401(k), which is subject to market cycles. That also means that if your 401(k) investment choices do well, you could have more money. With an annuity, you don’t benefit if the market is up unless you take your chances with a variable annuity.

There are limits on the amount you can contribute to a 401(k). This typically increases annually to account for inflation and stands at $23,000 for the 2024 tax year. If you’re 50 or over, you can put in another $7,500 for 2024 as a “catch-up contribution.” Your employer may match all or part of your contributions as well, which will further increase the amount going into your 401(k).

With annuities, there are no such limits, so some people buy them with one-time payments of sometimes $1 million or more. If you’ve maxed out your 401(k) contribution and want to sock away more, an annuity could be something to consider.

When Should You Choose an Annuity or a 401(k)?

Choosing between an annuity and investing in a 401(k) is going to depend on a few factors from how much you can save to how much you need to earn during your retirement years.

Annuities and 401(k)s could potentially offer respective long-term savings, tax-deferred growth and beneficiary options to pass down assets outside of the probate process.

In fact, a financial advisor could potentially recommend investing in an annuity later in life, especially if you are still employed and haven’t maxed out your 401(k).
Choosing which to pursue for your retirement comes down to your individual financial situation.

For more information contact: The Worsley Agency: 252-230-2424

06/19/2026

Term Life or Whole Life Insurance?

Which is right for you? The right solution is one that provides a balance between premium costs and plan benefits while meeting your coverage needs, and it very well may be a combination of both types of life insurance products.

Why Consider Term?
Provides coverage for a particular length of time and pays a benefit if you die during the term period

Less costly in the short term, but there is no cash buildup

The lowest initial premium to obtain the highest death benefit

Ideal for those who need coverage for a specific period of time

Option to convert to whole life insurance later without evidence of insurability

Income tax-free death benefit

Why Consider Whole Life?

Provides lifetime coverage and guaranteed cash value accumulation

Lifetime** coverage as long as premiums are paid

Tax-deferred growth of policy cash values

Liquidity through policy loans, which can help supplement retirement income, College costs and more

A stable financial asset on your balance sheet that will never lose value year to year

Income tax-free death benefit

Would a blended approach make sense for you?

By combining a whole life policy and a term life policy that is convertible to whole life, you can have an affordable plan that meets your protection needs while establishing a lifetime asset.

The Worsley Agency can help you determine the right mix of products based on your specific coverage needs.

Call one of our agents today:
252-230-2424 to get started!

THE WORSLEY AGENCY

06/12/2026

7 Life Events Where Life Insurance Can Help

As your life changes, so do your life insurance needs. To help protect your family, you’ll need a plan that offers flexibility.

What are life events?

A life event in the context of life insurance refers to a significant occurrence in an individual's life that can impact their insurance needs or financial situation. With non-guaranteed life insurance policies, these life changing events may lead to a reevaluation of the policyholder's coverage to ensure it continues to meet their changing needs.

In this article:

Life event #1: Buying a home
Life event #2: Getting married
Life event #3: Having children
Live event #4: Caring for aging parents
Life event #5: Starting a business
Life event #6: Sending your kids to college
Life event #7: Retirement
Permanent Life Insurance vs Term Life Insurance

Life event #1: Buying a home

Chances are, when you bought your home you took out a mortgage. If you own that property jointly with someone else, or had someone co-sign for the loan, they would be responsible for 100 percent of the debt and the payments in the event of your death. That unexpected expense, coming at such a troubling time, could leave them in dire financial straits. In the worst cases, overwhelmed by carrying this extra load, the people you care most about could end up in default, and even lose their home.
Life insurance provides a straightforward solution to this potential disaster. In fact, paying off a mortgage is one of the top three reasons people buy life insurance.1 To help keep the people you love in the home they love, you can purchase enough life insurance to completely cover that debt.

Life event #2: Getting married

Married couples without children often skip life insurance – but that can be a costly mistake. In most households, both spouses work, often contributing equally to household expenses. Budgets for these just-starting-out families often include a lot of debt: student loans, car loans, credit card debt, and mortgages. Add to that regular household expenses, like food and utilities, and you can see how very necessary both salaries may be.
Losing half the available income in the event of an untimely death could leave the surviving spouse struggling to make ends meet. In fact, 7 in 10 households say they’d have trouble covering everyday living expenses within just months of losing their primary wage earner.1 Life insurance can provide the safety net to help cover all the debts and monthly expenses when one spouse suddenly must cover them all, alone.

Life event #3: Having children

For most people, having a baby or adopting a child is a joyous life event that sparks interest in life insurance, and for good reason. Your children depend on you completely to provide for them. And as you start having children, current and future expenses may skyrocket.
Whether your family has two incomes or one, your family should have a sufficient financial safety net to protect them in the case of a premature death. The surviving spouse in a dual-income household could be hard-pressed to meet all the monthly household expenses and pay for additional child care. Single-income households are wholly dependent on that one salary, and losing it could be catastrophic without a solid life insurance policy in place.
Equally devastating is the loss of the stay-at-home parent. Those loving household contributions would need to be replaced through full-time child care providers and housekeeping help.

Live event #4: Caring for aging parents

People are living longer than ever before, giving you more precious time to spend with your loved ones. Unfortunately, many people fall prey to chronic and debilitating diseases that require intensive around-the-clock care.
If you’re providing some or all the care for an aging parent or grandparent, having a backup plan in place can help protect their care continuity if you die unexpectedly.

Life event #5: Starting a Business

When you own a business, you have a lot at stake. In addition to providing for your family, you have to keep your company solvent and your employees paid. Valued partners and star employees add an extra dimension of both possibility and risk; losing these key members of your business to death or disability can have an enormous impact on your business.
To help survive such events, your business needs a stable source of funding, and a permanent life insurance policy could help your company weather that storm.
Sensible policy loans could also be part of a strategy to buy out a retiring partner without depleting business or personal cash reserves.

Life event #6: Sending your kids to college

College costs have skyrocketed, and they’re only soaring higher. Combinations of 529 plans, scholarships, and grants can help ease that overwhelming financial burden, but most families — most students — rely on significant student loans to cover the difference. In fact, most students come out of college already saddled by more than $30,000 in debt.³ To avoid that burden, some families draw from their retirement savings, which can trigger taxes and penalties on top of the lost growth potential for the nest egg.
If you have a permanent life insurance policy in place, however, prudent policy loans could help cover college costs without incurring taxes, tax penalties, or crushing student loan debt.*

Life event #7: Retirement

Stress-free retirement is the ideal goal, but for millions of Americans, the No. 1 worry is outliving retirement savings.4 If fears about dwindling or disappearing Social Security benefits coupled with anxiety about potential stock market downturns keep you up at night, you’re not alone. Plus, with life expectancy on the rise, your retirement savings may be stretched even tighter.
This is where a permanent life insurance policy can help provide a welcome safety net. Instead of draining retirement accounts in down markets, you can help supplement your required distributions with judicious policy loans, giving your savings their best chance to bounce back. If you do run out of retirement savings, the cash value in your policy may be available to offset some of that lost income.

And if you pass away before your spouse, that life insurance is in place to provide much-needed financial resources after you’re gone.

Permanent Life Insurance vs Term Life Insurance

The first factor you’ll want to consider is whether to choose a term or permanent life policy. Term life insurance offers an economical way to make sure your family has financial cover if you should pass away unexpectedly – but by definition, it comes with a time limit. Many people who choose term life are comfortable knowing they’re covered for 20, 30 or 40 years, and don’t really want more than that.

Permanent policies work differently. This type of life insurance tends to cost a little more, but you may also get more from it. As long as you keep up with the premiums and keep your policy in force, you’ll never lose the protection of your life insurance backup plan.

The final word: life insurance through life events as life unfolds with its myriad challenges and milestones, the need for a robust and adaptable life insurance plan becomes increasingly evident. Each life event brings with it financial implications that could significantly impact your loved ones.

A permanent life insurance policy offers the flexibility and security to adapt to these changing circumstances, providing not only peace of mind but also practical financial support through its ability to accumulate cash value.

This makes it a valuable component of a comprehensive financial strategy, ensuring that you and your family are protected throughout all of life's significant events.

Tyrone Worsley
The Worsley Agency
252-230-2424

06/11/2026

LIFE IS LIKE A BOX OF CHOCOLATE'S; YOU NEVER KNOW WHAT'S IN STORE FOR YOU.

WOULDN'T YOU LIKE TO BE READY FOR THE UNEXPECTED.

GIVE US A CALL TODAY, SO WE CAN PUT YOU IN THE RIGHT POSITION TO COVER THE UNEXPECTED.

THE WORSLEY AGENCY
(252) 230-2424

05/28/2026

Hello, for those who are still on the fence about life insurance, I wanted to give you a little insight on what we offer in our policies.

Product highlights include:

100% Instant Decision e-Application
Simplified issue underwriting
Non-medical coverage up to $450,000
20-, 25-, and 30-year level premium options
Living Benefit Riders included at no additional cost
Cash Back Option opportunities for added client flexibility

To learn more, call and say; MORE INFO...

252-230-2424
Tyrone Worsley
The Worsley Agency