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Life Insurance

Life Insurance

What Are the Different Types of Life Insurance?

There are different types of life insurance and your specific needs will determine what type of insurance you need. Our team will review any current insurance you might have and then recommend what you need based on your specific situation. With the help of our trusted partner, our term life insurance option even allows you to get an immediate quote completely online.

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Term Life

Term Life Insurance provides a fixed death benefit, fixed premium, for a fixed amount of years.

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Whole Life

Whole Life Insurance provides lifelong coverage, fixed premiums, and guaranteed cash values.

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Fixed Indexed Life

Indexed Life Insurance provides lifelong coverage, flexible premiums, and cash value accumulation.

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Read Our Guide - the Different Types of Life Insurance

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How Much Life Insurance Do I Really Need?

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To provide for loved ones you generally want 10x your annual salary plus any outstanding debts and future needs. For example, if you make $50,000 per year and have a mortgage of $250,000 you would want at least $750,000 in life insurance. If you wanted to include future college costs it would be even more.


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What Type of Life Insurance Policy is Right for You?

Different people need different types of life insurance and there are many factors that determine what type of life insurance is right for you. A young single individual for example may want to buy permanent life insurance because premiums increase as you get older compared to a someone on a budget who needs life insurance to protect their family. What ever your situation our experts can help you pick the right plan.

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When Do I Need To Buy Life Insurance?

You will want to consider buying a life policy when life events happen. 
  • Buying or Upgrading a Home
  • Getting Married
  • Having Children
  • Caring for Aging Parents
  • Starting a Business
  • Sending Kids to College
  • Retirement (if you have a spouse)

You should review your policies at least every 5 years.

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Life Insurance & Its Tax-Free Retirement Benefits

Did you know that some life insurance plans can be used for retirement? As the cash value of your policy grows you will be able to take distributions through withdrawals and tax-free loan from the account when you retire. 


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What is Return of Premium Life Insurance

Return of Premium Life Insurance is a rider (supplemental coverage) that can be added to a Term Life Insurance policy. If you buy this rider, you will receive your premium back if you do not die during the term of your policy (10, 20 or 30 years). The premiums are typically much higher compared to standard term policies and because of this they are not for everyone. 

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