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AUTO
HOME
LIFE
BUSINESS
ABOUT US
CONTACT
(830) 249-3502

Life Insurance

Protect Your Loved Ones

Life insurance offers financial protection for your loved ones after your passing. It can help cover expenses such as funeral costs, mortgage payments, and other financial responsibilities. When you purchase a life insurance policy, you agree to pay a monthly premium to the insurer. In exchange, the insurer provides a lump sum payment to your beneficiaries upon your death.

GET A LIFE INSURANCE QUOTE TODAY

Protect Your Loved Ones

Life insurance offers financial protection for your loved ones after your passing. It can help cover expenses such as funeral costs, mortgage payments, and other financial responsibilities. When you purchase a life insurance policy, you agree to pay a monthly premium to the insurer. In exchange, the insurer provides a lump sum payment to your beneficiaries upon your death.

GET A LIFE INSURANCE QUOTE TODAY!

Types of Life Insurance

There are three main types of life insurance to choose from:

Term Life

Provides coverage for a specific period (e.g., 10, 20, or 30 years). If the policyholder passes away during the term, the beneficiaries receive a payout. It’s an affordable option with no cash value.

  • Provides coverage for a specific period (e.g., 10, 20, or 30 years).
  • Pays a death benefit only if the policyholder passes away during the term.
  • More affordable than permanent life insurance.
  • No cash value—purely for financial protection.
  • Ideal for covering temporary financial obligations like a mortgage or children's education.

Whole Life

A permanent policy that covers you for your entire life as long as premiums are paid. It includes a cash value component that grows over time and can be borrowed against or withdrawn.

  • Offers lifelong coverage as long as premiums are paid.
  • Fixed premiums and guaranteed death benefit.
  • Builds cash value that grows at a predetermined rate.
  • Can be used for loans or withdrawals.
  • Higher premiums compared to term life but includes a savings component

Universal Life

A flexible permanent policy that allows you to adjust your premiums and death benefits. It also has a cash value that earns interest over time, offering potential investment opportunities.

  • Provides flexible premiums and adjustable death benefits.
  • Cash value earns interest based on market performance.
  • Allows policyholders to use cash value to cover premiums if needed.
  • Can serve as an investment vehicle with potential for growth.
  • Suitable for those looking for lifelong coverage with financial flexibility.

Other Life Insurance Policies

Final Expense Insurance (Burial Insurance):

A small whole life policy meant to cover funeral and burial costs, typically easy to qualify for

Guaranteed Issue Life Insurance:

No medical exam required, designed for individuals with health issues, comes with higher premiums and a waiting period

Variable Life Insurance:

A flexible policy with cash value tied to a stock market index, offering growth potential with some downside protection

Indexed Universal Life Insurance:

A permanent policy with an investment component, where cash value fluctuates based on market performance

How Much Life Insurance Do I Need?

The amount of life insurance you need depends on your financial obligations, income, and future expenses.

A common rule of thumb is:

Income Replacement

  • Multiply your annual income by 10–15 times.
  • Example: If you earn $60,000 per year, aim for $600,000–$900,000 in coverage.

DIME Formula

  • Debt – Total outstanding debts (excluding mortgage).
  • Income – Number of years your family will need your income.
  • Mortgage – Remaining balance on your home loan.
  • Education – Estimated cost for children's education.
  • Total: Add these amounts to estimate your coverage needs.

Expense-Based Approach

  • Cover funeral expenses, outstanding loans, daily living costs, and future family needs.
  • If you have dependents, you may need $500,000 to $1 million+ to provide long-term financial security.
  • If you’re single with no dependents, a smaller policy may suffice.

Secure Your Families Future!

  Get a Life Insurance Quote Today