Life Insurance

Choosing a Policy

When you shop for permanent life insurance, there are a number of factors to consider. The main similarity between permanent life coverage and term life coverage is in the relative flexibility of different policies. Depending on which policy you need, there are options to consider.

 

The most important features of permanent coverage for most people are lifelong coverage and cash value accumulation. It’s vital that you select a policy that fits your needs on both sides of that equation. In addition, you may want to structure your policy to meet your needs such as in the case of a chronic illness or other unforeseen event. 

 

If you have any uncertainties concerning how your life coverage policy should be structured, one of our expert and dependable agents can help you explore your best options.

Happy Family

Term Life

Affordable Protection with Conversion Options

Very few people like to think about what their family would do if the worst should happen, but it is an important topic to contemplate as part of a sound financial plan. Term life insurance is generally the most affordable way to provide protection for loved ones if the need for life insurance will only last for a certain period, period such as twenty years.  This timeframe often coincides with a mortgage payment, how long until a child’s college funding needs last, or how long a person is providing for their spouse with their income.

 

The loss of income and household contributions can be a worry for many families. Everyday expenses like housing, utilities, food, childcare, education, and health care may be difficult to pay with a reduced household income. Life insurance death benefit proceeds can be set aside to pay for these ongoing expenses.

Key Advantages

  • Affordability – Least Expensive Insurance

  • Simplicity – Straightforward Coverage

  • Flexibility – Term Lengths of 1-30 years

  • Convertibility – Ability to Switch to Permanent

 

It's Great For

  • Replacing Income

  • Paying Off Mortgage

  • Ensuring Children’s College

  • Paying for Final Expenses

Permanent Life

Comprehensive Coverage for Life

 

Permanent life Coverage is designed to provide lifelong protection.

“Permanent life coverage” is actually a blanket term for a variety of life insurance products. These policies are priced to reflect lifelong coverage and are for those who understand the true value of life coverage.

While most people have heard of the term “whole life”, it is commonly confused with newer, more advantageous types of permanent life coverage which offer the same guaranteed death benefit at roughly half the cost.

 

Far too many mistakenly believe they only need coverage until their kids are out of the home and on their feet. However, this can still leave spouses, children, businesses, and estates exposed in the case of premature death.  It may be a difficult situation to talk about, but that doesn’t make it any less important for the safety and security of your family.

Key Advantages

  • Lifelong Coverage – Coverage that lasts a lifetime provides peace of mind second to none.

  • Cash Value – For many, this component should be just as much as factor as the death benefit.

  • Tax Advantages – If done right, cash value loans and withdrawals can be made tax-free.

  • Living Benefits – Some policies allow access to death benefit in event of terminal, chronic, or critical illness.

  • Dividends – Based on the policy, these can be taken as cash or used as insurance credits.

Universal Life

Universal Life offers a variety of flexible options when it comes to premiums, death benefits, and cash value accumulation. It can also serve as a versatile financial and retirement tool.

Everyone needs an affordable life insurance policy. Most people do not want to think about their death. However, there comes a time in your life when you must face your own mortality. Your death can greatly impact the quality of your loved ones’ lives if you do not have a life insurance policy.

 

Obtaining an online life insurance policy just makes sense. This will help you compare policies, help budget for your life insurance needs and give you the peace of mind that you need.

What Benefits Do Online Insurance Quotes Offer?

Getting immediate quotes from several insurance companies was not even possible before the advent of the internet. In the past, you would need to visit individual insurance offices, provide them with your information and wait for them to come up with a quote. Then, you would have to return to each insurance company, go over the literature and determine which company offered the best life insurance policy. This would be time-consuming and could take several days.

 

Now, you can enter your information in one easy to fill out form. Then, your information is submitted to multiple companies. These companies will provide you with an instant quote, typically within seconds or minutes.

Immediate Quotes from Multiple Insurance Companies
No Medical Exams Needed

It can be frustrating when looking for a life insurance policy only to realize that you need to undergo a medical exam before a quote can be given. Most people do not want to have to go through invasive medical procedures when they are searching for an affordable life insurance policy.

 

With an online quote, you will fill out your information and get life insurance quotes without needing to have a medical exam. This will save you both money and time. Once you find the perfect life insurance policy, you may need to have a medical exam; however, this will come once you have decided on a life insurance policy.

Online insurance quotes have simplified the process. With our easy form, you will receive a quote in seconds with PGN Insurance Group.