LIFE Insurance

Life insurance is essential if you have dependents, financial obligations, or future expenses that your loved ones would struggle to cover without you. If you have a mortgage, car loan, student loans, or children, life insurance ensures your family can continue to meet financial commitments even after you're gone. Even if you’re single, a policy can cover funeral costs, medical bills, or leave a financial legacy for your loved ones or a charitable cause.

The amount of life insurance you need depends on your income, debts, expenses, and long-term financial goals. A general guideline is to have coverage that equals 10 to 15 times your annual income. Consider factors like your mortgage, outstanding loans, education costs for children, and everyday living expenses. If you’re unsure, we can help you calculate the right amount to ensure your family’s financial stability.

Term life insurance provides affordable coverage for a specific period, such as 10, 20, or 30 years, making it ideal for people looking for temporary financial protection (e.g., covering a mortgage or children’s education). If you outlive the term, the policy expires, and you’ll need to renew or convert it.

Whole life insurance lasts a lifetime, meaning as long as you pay your premiums, your family will receive a death benefit when you pass. It also includes a cash value component, which grows over time and can be borrowed against or used for emergencies, investments, or retirement planning. Whole life insurance typically costs more but offers permanent protection and financial benefits.

Yes! Many insurers offer life insurance for individuals with health conditions, though your rates and coverage options will depend on your condition, overall health, and medical history. If you have a chronic illness or a past medical issue, options like simplified issue or guaranteed issue life insurance may be available, which do not require a full medical exam. We specialize in helping people find the best policy, no matter their health background.

Yes! Certain types of life insurance—like whole and universal life—include a cash value component that you can borrow against, withdraw from, or use for investments. Many people use life insurance to supplement retirement income, fund major purchases, or cover emergency expenses. Additionally, some policies offer accelerated death benefits, which allow you to access funds early if diagnosed with a terminal illness.

In most cases, life insurance benefits are paid out within 30 to 60 days after the claim is filed. If all paperwork is submitted correctly and there are no complications, your beneficiaries receive the full payout tax-free. Delays may occur if the insurance company needs to investigate the claim due to incomplete information, a recent policy purchase, or suspicious circumstances. We help ensure that claims are processed quickly and efficiently.

Yes, you can purchase life insurance for a spouse, child, business partner, or aging parent, but you need their consent and an insurable interest (meaning you would experience financial loss if they passed away). Many parents purchase child life insurance to lock in affordable rates for their future. Business owners often buy key person life insurance to protect their company from financial losses if a critical employee or partner passes away.

If you stop paying premiums on a term life insurance policy, the coverage will lapse, and you’ll no longer have protection. If you own a whole or universal life insurance policy, it may have a cash value that could cover payments temporarily. Some policies also offer a grace period (typically 30 days), allowing you to catch up on missed payments without losing coverage. If you’re struggling to afford premiums, we can help explore lower-cost options or policy adjustments.

Many workplaces offer group life insurance, but these policies typically provide limited coverage—usually only 1 to 3 times your annual salary. While this is a great benefit, it may not be enough to fully protect your family. Additionally, employer policies end if you leave your job, leaving you without coverage. Having a personal life insurance policy ensures you have full protection, no matter where you work.