Life Insurance for Every Stage in Life

Why would a single person need life insurance?

You can lock in lower premiums when you are younger and in good health!
Small permanent life insurance plans can be used to fund final expenses, so no burden falls upon family or friends. Life insurance can be used to eliminate debt in the event of death, such as student loans, a mortgage, auto loans, business loans, etc.

• Future Guaranteed Insurability
  Many life insurance plans include an option to purchase more coverage at a later age without having to prove insurability. This could be significant when a person becomes uninsurable after initial coverage was established, they could be unable to obtain additional coverage otherwise.

• Cash Value Accumulation
  This is a living benefit that permanent life insurance plans have; a savings element. A person can 'buy term and invest the rest', but people do not usually follow that advice.

• Final Expense Plan
  Small permanent life insurance plans can be used to fund final expenses and can be assigned to a funeral home. These may range from $10,000 to $15,000.

• Lock in Lower Premiums
  Lower rates are locked in when issued at younger ages and when the person is in good health, as opposed to waiting to apply for coverage when the person is older and not as healthy.

• Debt Elimination
  A person may have many different debts that need to be covered in the event of death, such as student loans, home mortgages, auto loans, business loans, etc.

• Owner, Partner, or Key Executive Coverage for Business for Business 
  Owner, partner, or key executive insurance is needed in the event of a sudden death, as it would have a large negative effect on the company's operations. The payout essentially buys the company time to find a new person or to implement other strategies to save the business.

 Benefits are only generally described here. Products may vary by state. Some products are not available in every state. Please read the policy for exact details on benefits and exclusions. If there is a discrepancy between the product as it is generally described here and the policy or rider issued to you, the provisions of the policy or rider will prevail.