Life Insurance
What Exactly Is Life Insurance?
Life insurance is a financial product that provides a payment to beneficiaries upon the insured individual’s death. This payment, known as the death benefit, can help cover expenses such as funeral costs, outstanding debts, and ongoing living expenses for the insured’s loved ones. Life insurance offers financial protection and peace of mind by ensuring that loved ones are taken care of in the event of the policyholder’s passing. It is an essential component of financial planning for individuals and families to safeguard against unforeseen circumstances and secure their financial future.
Get a QuoteFinancial Security For Loved Ones With Term Life Insurance
If you’re looking for a straightforward and affordable way to protect your loved ones financially, we recommend term life insurance. Term life insurance provides coverage for a specific period, usually ranging from 10 to 30 years, making it a popular choice for many individuals. One of the main advantages of term life insurance is its affordability compared to whole life insurance. With term life insurance, you can choose the coverage amount and term length that best suit your needs and budget. This type of insurance can provide a financial safety net for your family in case something unexpected happens to you during the term of the policy. Consider opting for term life insurance to ensure your loved ones are taken care of if the unexpected occurs.
There are various types of life insurance policies available to suit different needs and preferences.
Understanding the different options can help individuals make informed decisions when choosing a policy that best fits their unique circumstances.
Term life insurance we discussed earlier and our recommended option for life insurance. Term is one of the most common types of life insurance policies. It provides coverage for a specific period, typically ranging from 10 to 30 years. If the policyholder passes away during the term, the designated beneficiaries receive a death benefit. Term life insurance is often more affordable than other types of policies, making it a popular choice for individuals looking for temporary coverage.
Whole life insurance is another type of policy that provides coverage for the entire lifetime of the policyholder. In addition to the death benefit, whole life insurance also includes a cash value component that grows over time. Policyholders can borrow against the cash value or use it to pay premiums. While whole life insurance tends to have higher premiums than term life insurance, it offers lifelong protection and a potential source of savings.
Universal life insurance is a flexible type of policy that combines the benefits of term life insurance with an investment component. Policyholders can adjust their premiums and death benefits to suit their changing needs. Universal life insurance also offers a cash value component that earns interest over time. This type of policy provides greater flexibility and potential for growth compared to traditional whole life insurance.
Variable life insurance is another type of policy that allows policyholders to invest their premiums in a variety of investment options, such as stocks and bonds. The cash value of a variable life insurance policy fluctuates based on the performance of the underlying investments. While variable life insurance offers the potential for higher returns, it also comes with greater risk and volatility.
Indexed universal life insurance is a newer type of policy that offers the opportunity to earn interest based on the performance of a stock market index, such as the S&P 500. Policyholders can benefit from market gains while being protected from market losses. Indexed universal life insurance provides a balance of growth potential and downside protection, making it an attractive option for individuals seeking a mix of security and growth potential.
Variable universal life insurance combines the flexibility of universal life insurance with the investment options of variable life insurance. Policyholders can adjust their premiums and death benefits while also investing in a variety of funds. Variable universal life insurance offers the potential for high returns but also carries greater investment risk. It is important for policyholders to carefully consider their risk tolerance and investment goals when choosing this type of policy.
We Help Make Life Insurance Simplified For You
Shop and compare the rates of several highly rated companies at your leisure.
Plans for every budget and life stage. Once you have selected the plan that is right for you, complete and sign the application. It’s that easy!
If you prefer, contact us at any time to speak to a licensed professional.
Our Quote and Apply tool allows you to:
- Instantly receive Life Insurance quotes from over 30 carriers
- Complete an online application
- Sign the agreement with DocuSign
- Securely attain the policy from respective insurance carriers
- **With or without a medical exam
See how easy it is…
- Pay for funeral costs
- Pay bills and meet ongoing living expenses
- Pay off outstanding debt, including credit cards and mortgage
- Continue a family business
- Finance future needs (i.e., education expenses)
- Protect a spouse’s retirement plan
…to get started today!
In addition to our Quote & Apply life insurance tool, we offer several products that require more specialized servicing by our experienced professionals. For inquiries regarding these products, please contact us by calling 303-792-2355 or emailing us at [email protected].
Get a QuoteWhy Choose Trailstone Insurance?
- You will be treated just as we would want to be treated.
- Providing you with excellent service is our commitment to you, in all we do.
- You are our most valuable asset.
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- Over 40 financially strong “A” Rated insurance carriers.
- As an independent insurance Agency, we work for you… not the insurance company.
- Self-Service technology is available for you if preferred.
- Personal, commercial, and life insurance solutions in one place.