What is Life Insurance?

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Life insurance is money paid to your chosen beneficiary if you pass away. It can help cover funeral costs, replace income, pay debts, and support your family.

Common types of life insurance (simple definitions)

Term Life Insurance

Coverage for a set period (example: 10, 20, or 30 years). Usually the most affordable option for high coverage amounts.

Whole Life Insurance

Lifetime coverage as long as premiums are paid. Typically builds cash value over time and has more stable pricing.

Guaranteed Issue Life Insurance

A type of whole life policy designed for people who may have health concerns. Typically no medical exam and very few/no health questions, but coverage amounts are usually smaller and premiums are higher.

Universal Life Insurance

A permanent policy with flexibility. It may allow adjustable premiums and includes a cash value component (varies by product). Best when you want lifelong coverage with some flexibility.

(Optional add-on section if you want)

Final Expense Insurance

Life insurance designed to cover funeral/burial costs and small debts.

What to expect when getting life insurance

• You’ll choose a coverage amount and beneficiary

• You may answer health questions

• Some policies require a medical exam (many do not, depending on the product)

• Approval timing can range from same day to a few weeks, depending on policy type

What you need to bring (Life Insurance checklist)

• Driver’s license or state ID

• Your Social Security Number (often needed for application)

• Beneficiary info (name, DOB, relationship, phone)

• Basic health history (medications, doctor’s name, conditions)

• Payment method for premium (debit/credit/bank draft, depending on carrier)

Want help choosing the right option? I’ll explain your choices and quote you with no pressure.