Life Insurance
Life insurance can help you plan for the future. Protect the people who matter most. Get peace of mind and protection for loved ones with life insurance. Life insurance can help your loved ones pay for funeral costs, cover bills and ongoing living expenses, pay off debts, finance future needs and protect retirement plans.
Get the coverage that’s right for your needs.
How life insurance works
No matter where you are in life, you can get coverage that’s right for your needs with options that can help you protect your family’s future.
- Benefits are typically paid tax-free to the person you choose to receive your benefits.
- Life insurance policies are portable, so you can keep your coverage if you change jobs or retire.
- Guaranteed‐issue coverage may be available for some plans, which means no medical questions or exams are required to be eligible for coverage.
Below is an overview of the major types of life insurance offered by many carriers. While your age and health can affect your options, your benefits counselor can help you determine what coverage is right for you.
Almost half of U.S. households are under-insured, with the average coverage gap of $200,000.
| Type: | Term Life | Universal Life | Whole Life |
|---|---|---|---|
| Key features | Level Ideal coverage for high-demand years when you need coverage most |
Flexible
Flexibility to manage your policy over time as needs change |
Guaranteed
Permanent coverage that remains the same |
| Cost | $ | $$ | $$$ |
| Death benefit | Payable if you pass away within the term period you select | May be increased or decreased to suit your needs (within certain guidelines) | Stays the same as long as you make payments |
| Premium payments | Stay the same during the selected term period | Vary depending on changes to the death benefit amount or fluctuations in credited interest rates | Remain the same throughout the life of the policy |
| Cash value | Not a feature of term life | Builds based on credited interest rates | Values are set when you purchase the policy |
US Grant Insurance Agency offers free, comparative quotes on disability insurance from multiple insurance carriers so you can get the best possible rate.
Want to see how much we can save you? Just request a quote to find out.
