Life Insurance

Term life insurance gives you protection for a predetermined period. For example, a 20-year term life policy locks in your premiums and coverage amounts for the entire 20-year term of the policy. After that, unless you cancel, the policy renews annually with new rates.

Permanent life insurance gives you coverage for your whole life, not just a time. It differs from the term because it typically accumulates cash value, and premiums usually don’t increase as your health and age change.

The basis of life insurance rates is in part on age and health, so the younger and healthier you are, the less you’ll typically pay for coverage.

While having a $1 million life insurance policy sounds nice, you may not need that much coverage. One way to determine how much is enough is to consider future costs for things that are a priority, such as child care, paying off your mortgage, and settling any outstanding debts/loans.

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Maps

Our Loan Protection coverage is not a one-size-fits-all style policy. Our personalized policies translate to better coverage and premiums that are, on average, 30-50% lower than traditional Creditor Insurance. We also allow you to lock in your rates, so you will not be faced with expensive increases down the road.

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