Life Insurance

Individual Income Protection Insurance

Life insurance is one of the best strategies available for protecting those who depend on you, should you pass away too soon. It serves as a financial safety net that ensures your loved ones can maintain their quality of life, cover outstanding debts, and meet everyday expenses, allowing them to navigate the challenging times ahead without additional financial stress.

In addition to taking care of those you leave behind and paying for your major expenses after your death, different types of life insurance can even help you save and grow your cash for life’s future needs.

Types of Life Insurance

We are a FREE resource and will work to determine your needs and budget, and help you secure life insurance that is right for you and your family.

Term Life is one of the simplest, most cost-effective types of life insurance. Generally, it provides the largest immediate amount of protection for the lowest cost and pays a death benefit upon your death. Term Life covers you for a set period of time, provided you pay the monthly premium, or in some instances, a lump sum in advance. The policy will pay to the named beneficiary the face amount of the policy (set benefit and/or lump sum) upon death of the insured within the stated term. Depending on the policy, it may also make payments upon terminal or critical illness.

This type of life insurance policy provides a death benefit, and helps you save for the future by building a cash value. Several advantages of Permanent Life include borrowing against the policy or building a tax deferred investment income, in addition to paying a death benefit.  Whole Life, Variable Life and Universal Life are all types of cash value life insurance. Cash value insurance is also known as permanent life insurance because it provides coverage for the policyholder’s entire life.

Final expense insurance is designed to help protect your loved ones from the financial burden of funeral costs related to your passing. Final expense policies have a much lower face value because they are intended to only cover costs related to a person’s final expenses. Therefore, these policies can often be purchased at low or reasonable premiums.

Frequently asked questions

Life insurance is a contract between a policyholder and an insurer where the insurer promises to pay a sum of money to the policyholder's beneficiaries upon their death. It serves as a financial safety net for families, helping them cope with the costs and hardships associated with the loss of a loved one's income.

Yes, if you have people that depend on your income, or if you do not have enough savings to cover your financial obligations that others may be responsible for, OR, you do not have enough savings for your final burial expenses.

Life insurance needs vary greatly depending on individual circumstances, but a common rule of thumb is to aim for coverage equal to 10–12 times your annual income which aims to provide lost income to your dependents. Some use this method, adding college for each dependent. Another way to calculate life insurance needs is to add your debt, final expenses, mortgage, education, along with your annual income times how long you think your dependents may need financial protection.

You can purchase a life insurance at any time, but it's better to buy the plan while you are younger. Since Life Insurance requires medical underwriting, the best time to purchase a policy is when you are healthy and can qualify. The younger and healthier you are, the lower your premiums.