Individual Life Insurance
Individual Life
If you have a family, it is important to have a way to secure their financial future if something unexpected should happen to you. A life insurance package can provide your beneficiaries with financial resources to cover expenses and continue meeting their obligations. There are several types of life insurance available including term, permanent, and accidental death, and packages will vary in price depending on your needs and budget.
Planning for the future can be difficult. Our dedicated team of life insurance professionals understand the life insurance market and regulations and can find the right plan – or mixture of plans – for your specific needs. Our agents are experts on life insurance and can help you streamline the process of selecting a customized life insurance policy.
We understand the life insurance market and regulations and can find the right plan – or mixture of plans – for your specific needs.
TERM LIFE INSURANCE BASICS
Coverage for a “term” or period of your life.
Lower premiums for higher coverage.
Rates can change after specific terms expire.
No equity – cannot be used as cash value.
WHOLE LIFE INSURANCE BASICS
Exactly like it says – permanent, not for a specific period.
Protection carries with you your whole life.
Can build equity and have cash value.
Higher premiums than term life, but can be more valuable in the long run.
TERM AND WHOLE LIFE COMBINED
Build lifelong base of whole live coverage.
Supplement specific times of your life with term insurance.
Determining the appropriate type of life insurance can become a difficult and daunting task. Yet the peace of mind you will feel knowing that your beneficiaries are protected if something happens to you is incomparable when you have life insurance. Elmco Insurance will assist you during the selection process.
Our professional agents and staff have achieved many educational and technical designations. They include:
CPCU – Chartered Property Casualty Underwriter
CIC – Certified Insurance Counselor
CLU – Chartered Life Underwriter
ChFC – Chartered Financial Counselor
IIA – Insurance Institute of America
NALU – National Association of Life Underwriter