Individual Life Insurance
Individual life insurance provides a death benefit to your beneficiaries when you die — replacing income, paying off debts (mortgage, student loans), funding children's education, and providing financial security for the people who depend on you. If someone depends on your income, you need life insu…
Key Coverages for Individual Life Businesses
- Term life — level death benefit for 10, 15, 20, or 30 years at guaranteed premium
- Whole life — permanent coverage with guaranteed cash value
- Universal life — permanent coverage with premium flexibility
- Indexed universal life with market-linked cash value growth potential
- Return of premium term — premiums returned if no claim is filed
- Disability waiver of premium
Frequently Asked Questions
How much life insurance do I need?
A common starting point is 10–15 times annual gross income, adjusted for your situation. More precisely: total income replacement for working years + outstanding mortgage + other debts + future education funding, minus existing assets. The result is …
What is the difference between term and whole life?
Term life provides a death benefit for a defined period at a fixed premium, with no cash value. Whole life provides permanent (lifetime) coverage with a guaranteed cash value. Whole life costs 5–15 times more than term for the same death benefit. Mos…