Life insurance can protect you against the loss of income but it also plays a critical role in protecting your loved ones by providing them with financial support. There are many different kinds of life insurance policies, each with its own advantages and disadvantages. Before choosing a policy, evaluate your needs to determine what kind of policy is right for you. If you need help understanding what policy would be right for you, we can help. Call an SF Service agent at or get a quote today.
Life Insurance
Ensuring you share a legacy.
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Term life insurance is the simplest, and most affordable, kind of life insurance. The average policy length is from 1 to 30 years, and it pays only if you die during the term of the policy. Most term policies are limited in their provisions but there are lots of different ways you can customize term life insurance to fit your exact needs. Some common factors to consider when selecting a life insurance policy are your age, health, income, and the needs of your dependents.
When you are selecting term life insurance you have the option to choose between level term and decreasing term. The difference between level and decreasing term policies has to do with the amount received in death benefit at different points during the policy’s lifetime. Most people choose a level term policy because it pays the same benefit amount at any point during the life of the policy.
One of the biggest advantages of a term life insurance policy is the ability to adjust the length of the policy’s duration in accordance with your predicted needs, thus saving you an incredible amount in premium costs for the policy itself.
The main difference between whole life and term life insurance is that whole life insurance guarantees the payout of the policy benefit amount when you die, regardless of how old you are.
Like term life insurance, whole life insurance has different subcategories of policy types including traditional whole life, universal life, and variable universal life. Traditional whole life is the oldest and still the most common whole/permanent life insurance policy type.
Whole life insurance provides a fixed payout upon death guaranteed by your regular premium payments until the time of death. Universal and variable universal policies allow for extra provisions with a savings account that can alter the death benefit depending on how you choose to manage payment and investment in the policy. Although most whole life policies are more expensive than term life insurance, the benefit could be the guaranteed payout amount that could act as an investment or inheritance to pass on to your beneficiaries when you pass.
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Serving the U.S. From Our Home Base In Independence, MO.
You can always find us at our office in Independence, MO 64055, but for years we have written life insurance policies for people all across the United States. Whether you are local to Missouri and Kansas, or you are closer to one of the coasts, we can help you find the right life insurance policy at the best rate.