Types of Life InsuranceTypes of InsuranceTerm Life InsuranceFinal Expense Life InsuranceAccidental Death and Dismemberment Insurance
Types of Insurance
Do you need help finding a life insurance policy to protect your family? LifeCoverage’s licensed insurance agents are available to guide you through the process, help compare plans from great carriers, and save you money. LifeCoverage offers three basic types of life insurance.
Term Life Insurance
Term life insurance policies provide protection for a set amount of years. If you die during the term, a lump sum death benefit is paid to your beneficiary. Since term life policies last for a specific number of years, and not an entire lifetime, rates tend to be cheaper than whole life policies. Term life insurance policies typically last between 10 and 30 years.
Term policies are the most common type of life insurance and are perfect for people looking to obtain coverage for things like mortgage payments, outstanding loans or debts, education costs, or every day expenses. LifeCoverage offers plans that require no medical exams – simply talk to an agent and get covered today.
Types of Term Life Insurance from LifeCoverage
- Level Term Life Insurance– Level term life policies provide a fixed coverage amount with premiums that don’t change over the life of the term. These policies provide you with affordable, predictable protection.
- Critical Illness Term Life Insurance– These are affordable plans that provide a lump-sum benefit payment upon the diagnosis of a major illness. These plans act as either standalone policies or are added on to a term life insurance policy as a rider.
Fill out the form to the right to talk to a LifeCoverage agent today and find the term life insurance policy that’s best for you.
Final Expense Life Insurance
Final expense policies are designed to cover the costs associated with your death, namely funeral and burial expenses. These are permanent life insurance policies, so the policy remains in force as long as the premiums continue to be paid. These policies also offer a savings vehicle component that builds nominal cash value over time.
Types of Final Expense Life Insurance from LifeCoverage
- Level Final Expense Insurance– These low cost plans have an immediately available death benefit, so the beneficiary is paid quickly. The premium and benefit stays the same for the life of the policy.
- Guaranteed Issue Final Expense Insurance– These are policies that guarantee acceptance to any applicant, requiring no health information from the insured prior to acceptance.
Fill out the form to the right, and a LifeCoverage agent will call you today to find the final expense insurance policy that provides the coverage you need.
Accidental Death and Dismemberment Insurance
Accidental death and dismemberment policies provide protection for both you and your family in the case you are injured or killed in an accident. A lump sum benefit payment is made to you or your beneficiary if you suffer an accident causing severe injury or death. This payment can be used to cover things like medical bills, mortgage payments, college funds, burial expenses, and other out-of-pocket expenses.
LifeCoverage accidental death and dismemberment policies require no medical exam and have no waiting period to get covered.
Share some information with us on the form to the right, and a licensed LifeCoverage agent will reach out and help get you covered today.