Life Insurance
Life Insurance Basics
Life insurance provides financial protection to loved ones in the event of premature death. The death benefit can be used however the beneficiary sees fit, including paying down debt, replacing lost income, funding education, and more. There are several different types of life insurance, each with a variety of options.
Figuring out how much coverage you need, choosing a policy structure, and understanding the fine print can be overwhelming. We can help keep the process simple by explaining the coverage, generating quotes from multiple insurance companies, and offering our advice. Contact us to get started.
Life Insurance Coverage
Term
Provides coverage for a specific period of time, often 10, 20, or 30 years.
Whole Life
Provides coverage until death or policy maturity (often at age 100). Whole life includes a cash value component that earns interest.
Universal
Provides flexible coverage that can be designed for as long as needed. May include a cash value component.
Return of Premium Term
Term insurance that returns the sum of premiums paid to the policy owner upon expiration.
Instant Issue Term
Term insurance that can be issued immediately, with no medical exams.
And Others
While the above are common, there are many additional coverage options available.
Common Use Cases
Life Insurance FAQ
How much life coverage you need depends on a lot of factors, including your income, debt level, family size, and more. The most important consideration is settling on an amount of coverage that you and your spouse are comfortable with. A life insurance professional can help you review the important factors and work out the numbers.
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