Indiana Life insurance coverage for individuals and business.

The Facts Of Life

The death benefit provided by life insurance is key to any financial plan. The correct amount of life coverage will help protect your family, without the correct coverage loss of lifestyle or standard of living can be a struggle. Life insurance is not for yourself, but for the loved ones you leave behind. Because different people have various responsibilites, so to should your life insurance vary. Below is a brief description of the types of life insurance products available.

Term Life provides coverage for a specific period of time or "term." It is a good fit for people who would like a high dollar amount of coverage for the lowest cost. Because term insurance is also convertible, it is ideal for those that need immediate protection.

Universal Life is a flexible-premium, adjustable benefit life insurance policy that accumulates account value. The flexibility of this policy allows you to change the amount of insurance as your needs for insurance change. Some changes require underwriting approval.

Whole Life or Permanent insurance commonly referred to as whole life, provides protection for your entire life. Policy premiums generally do not increase with the age of the insured once the policy is purchased, but this can vary from company to company.

Variable Life combines the protection of traditional life insurance with the potential to earn market returns on your policy's cash value. With a wide array of investment options, the decision on where to direct your cash funds is up to you.

Beyond the death benefit

While life insurance is primarily purchased for the death benefit, permanent coverage offers additional benefits that you can experience while you are living; those benefits are referred to as living benefits. Living benefits can be in the form of policy cash value, optional riders and policy features and can provide resources for helping with:

Contact Us Anytime

Please call or drop us an email info@indianainsurancegroup.com anytime you have questions or if you simply need a little help. We are centrally located in Indianapolis, Indiana to assist you through the insurance process and help you find the best plan that fits your specific needs.

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