Life insurance is financial stability your loved ones will have when you are no longer able to provide it. With different policies available providing short or long term coverage, the right life insurance policy could help relieve the financial burden your family faces when you are no longer there to provide for their needs. Proceeds paid out to your beneficiaries will allow them to cover final expenses, mortgage payments, college tuition, and all of those items you planned to do yourself.
Life insurance policies are customizable for your specific desires. With three categories to choose from, including Term Life, Whole Life, and Universal Life, there is something to fit your needs.
Term Life offers an affordable short term alternative to whole life. The premiums for this life insurance option are set for a term of 10, 20, or 30 years, at which times the premiums will increase.
Whole Life is a permanent life insurance option, which means that you are insured as long as you maintain your premium. This option also offers set premiums for the life of your policy. Whole life provides the added benefit of accumulating cash value which is usable for a variety of purposes during your life.
Universal Life is a flexible alternative to whole life insurance. This option offers the same coverage as whole life with flexibility in your premiums and how quickly your cash value accumulates.
You have worked hard to give your family the life they enjoy. You want them to continue to enjoy it even in the event of the unexpected. Life insurance offers you the security in knowing that your family will be able to keep the life you worked to give them, even if you are not there to provide it for them. Contact Illinois Family Life today and let us help provide you with peace in the knowledge that your family will be taken care of no matter what the future holds.