Life Insurance
Providing Everything You Need
Whole Life
Whole life insurance is a type of life insurance policy that provides lifelong protection for the insured person's beneficiaries. Unlike term life insurance, which only provides coverage for a specified period, whole life insurance policies remain in force for the duration of the insured person's life, as long as the premiums are paid on time. One of the primary benefits of whole life insurance is the guaranteed death benefit, which means that the beneficiaries will receive a predetermined amount of money upon the insured person's death. Additionally, whole life insurance policies have a cash value component, which accumulates over time and can be borrowed against or used to pay premiums. Other benefits of whole life insurance may include tax advantages, such as tax-free loans and tax-deferred growth, as well as the option to participate in any dividends paid by the insurer. Overall, whole life insurance provides a combination of lifelong protection and savings, making it a popular choice for individuals who want to provide for their loved ones after they pass away.
Term Life Insurance
Term life insurance is a type of life insurance policy that provides coverage for a specified period, usually ranging from 1 to 30 years. During this time, if the insured person passes away, the death benefit is paid to the beneficiaries tax-free. Unlike whole life insurance, term life insurance does not have a cash value component, so the premiums are typically lower. The benefits of term life insurance include affordability, flexibility, and simplicity. Because the coverage is only for a specific period, the premiums are typically lower than whole life insurance. Additionally, the policy term can be adjusted to meet the needs of the insured person, such as to coincide with the length of a mortgage or the time until retirement. Finally, term life insurance is generally easier to understand and purchase than other types of life insurance policies. Overall, term life insurance is a practical and cost-effective way to provide financial protection for loved ones during a specific period of time.
Final Expense
Final expense life insurance, also known as burial insurance or funeral insurance, is a type of life insurance policy that is designed to cover the costs associated with the insured person's funeral and other end-of-life expenses. This type of policy typically has a smaller death benefit compared to traditional life insurance policies, usually ranging from $5,000 to $25,000. The benefits of final expense life insurance include providing financial support for the insured person's loved ones during a difficult time, ensuring that they do not have to bear the burden of paying for the funeral and related expenses. Final expense life insurance is also easier to qualify for compared to other types of life insurance policies, making it a viable option for individuals who may not be eligible for traditional life insurance due to their age or health. Additionally, final expense life insurance policies can be purchased with simplified underwriting, which means that there is no medical exam required, making the application process quicker and easier. Overall, final expense life insurance provides peace of mind for both the insured person and their loved ones by ensuring that the end-of-life expenses are covered.
How Much Coverage Do I Need?
Everyone's life insurance needs are unique and can vary from covering everyday expenses when a loved one passes, leaving a legacy, or simply covering funeral costs. To determine the amount of coverage is best for your situation, click the button get an idea of what is needed.
Are you ready?
There are some of us that know what we want and don't want to mess with meetings and a series of phone calls. We have the perfect solution for you. You can now set up your own policy in minutes. You will still have a local agent you can call and talk to for questions. No robo assistance to deal with. Click here to get started.​​
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