Life Insurance
Life insurance is a critical component of financial planning that provides peace of mind to policyholders and their loved ones. At Independent Insurance Services, we offer a variety of life insurance options to meet the needs of our clients, including:
937-260-4420
Whole Life Insurance
Whole life insurance is a permanent policy that provides lifelong coverage, as long as the premiums are paid. This type of policy offers a guaranteed death benefit, as well as a cash value component that grows over time. Whole life insurance can provide a source of savings, and some policies may offer the option to borrow against the cash value.
Indexed Universal Life Insurance
Indexed Universal Life insurance is a type of permanent insurance that provides the potential for growth, while also offering a death benefit. This type of policy is linked to a market index, such as the S&P 500, and the growth of the policy’s cash value is based on the performance of the index. Unlike traditional universal life insurance, Indexed Universal Life insurance offers a minimum guaranteed interest rate and a cap on the maximum interest rate that can be earned.
Term Life Insurance
Term life insurance provides coverage for a specified period, such as 10, 20, or 30 years. This type of policy is typically less expensive than permanent policies and provides a death benefit only if the policyholder dies during the term of the policy. Term life insurance is an excellent option for those who want life insurance coverage for a specific period of time, such as while they are paying a mortgage or raising children.
Final Expense Insurance
Final expense insurance, also known as burial insurance, is a type of life insurance policy designed to cover the costs of a policyholder’s funeral and final expenses. This type of policy is typically small, with a face value of $5,000 to $25,000, and is often used to provide peace of mind to policyholders and their loved ones.
Guaranteed Issued Life Insurance
Guaranteed issued life insurance is a type of life insurance policy that is designed for individuals who may have difficulty obtaining coverage due to their age, health, or other factors. This type of policy typically has limited coverage, with a face value of $5,000 to $25,000, and is often issued without the need for a medical examination.
Choose Independent Insurance Services for Your Life Insurance Needs
Life insurance is an essential component of financial planning, and Independent Insurance Services offers a variety of options to meet the needs of our clients. Whether you are looking for permanent coverage, a policy to cover a specific period of time, or coverage to help with final expenses, we have the expertise and experience to help you find the right policy to meet your needs.
937-260-4420
6718 Loop Rd
Centerville, OH 45459