Life Insurance
Family Owned and Operated
Types of Life Insurance
Typically, there are two types of life insurance policies: term and permanent. Our team will explore each of these with you, so you wholly understand what you’ll get out of your policy.
Term Life Insurance
Term life insurance only pays if a death occurs within the time limitations of the policy, which is usually within 30 years.
Level Term- When the death benefit remains the same throughout the duration of the policy.
Decreasing Term- The death benefit will decrease once a year until the policy’s term ends.
Permanent Life Insurance
Permanent life insurance, commonly known as “whole life insurance,” pays the death benefit whenever you pass, even if you live longer than 100 years. In the traditional permanent life insurance policy, the death benefit and premium remain the same throughout the duration of the policy. The cost of premium increases with age, but since it will become difficult to pay such a high cost at later in life, the premium and policy are set at a higher, steady rate upfront then supplement the rest later on.
Prepaid Burial
You should be able to make all of the decisions when it comes to commemorating your life. A prepaid burial plan lets you do just that. We will coordinate with your desired funeral home to create a payment plan so when it comes time, all of your wishes we will be fulfilled.
