Solutions to ensure your loved ones have what they need.
Individual life insurance throughout Central Pennsylvania.
Making sure your family is protected in the face of any unfortunate events happening to you is a very important thing. No one knows what the future will hold, but having a proper policy in place offers peace of mind.
Life insurance can be tricky and complex, but it’s one of the biggest and most important investments you can make for your family and loved ones. We can help you through the process, and make sure you have the coverage you need.
The first step is to decide what kind of life insurance is right for you. Term life, whole life, and universal life and three of the most common types.
Term life is where you pay a premium for a predetermined amount of time, and it pays out only if you die during that period.
Which insurance solution is right for your family?
Explore how having the right insurance can protect you from the unexpected.
Raising a child can be a rewarding life experience, but it is also very expensive. It costs hundreds of thousands of dollars to raise a child to age 18, with college tuition, fees, room, and board resulting in another potentially enormous expense. If you were to die tomorrow, would funds be available to provide for food, clothing, day care, and educational expenses for your child?
Having life insurance could secure the future for your children if you have an untimely death. With a life insurance policy, there could be enough income to help pay for everything your child might need while growing up.
After your death, any outstanding debt and financial obligations do not disappear. Your home is probably the costliest and most significant property you own. A mortgage payment is a large burden for a spouse or partner to carry.
A life insurance policy would allow your spouse or children to pay off your outstanding debts and spare them the stress of making monthly payments on the home.
Many families lease or finance their automobiles these days. If the primary earner in the family were to die, the family could be left with outstanding car payments for years to come.
A life insurance policy would allow your spouse or children to pay off your outstanding debts and spare them the stress of making monthly payments on your car(s).
An average funeral can cost tens of thousands of dollars, and that's without unnecessary options or luxurious services. A death in the family is stressful enough; why add the hefty bill of a funeral to that stress?
A life insurance policy can easily cover the cost of a funeral. Your family will be able to think of you and have peace of mind without being burdened by funeral costs.
Once you retire, you will be living off social security, and if you are lucky to have them, a pension or retirement fund, too. But what if the surviving spouse has been relying on you to fund retirement for the couple? Premature death of an earner can affect sources of retirement benefits such as Social Security.
Life insurance can help support a surviving spouse during their retirement.
If you passed away, would your business suffer? There are many complications and financial issues that can arise due to the death of a business owner. Many people overlook this predicament.
A life insurance policy can keep a business moving along even during tough times, such as the loss of the business owner/partner. Key person life insurance is payable to the company and provides money for training and hiring of a new employee. A buy-sell agreement, funded by life insurance, allows the other partners in the business to buy the deceased’s share of the business, which will provide money for his or her family.
Many people mistakenly think that they don’t need life insurance if they don’t have children or if their children are grown. However, your financial responsibilities fall to your family when you are gone.
Life insurance can replace the income you would usually bring in and help support your spouse or adult children, ensuring your loved ones are able to maintain the lifestyle they're accustomed to.
Whole life insurance has no set time period. You pay premiums until the event of your death, and the policy pays out. You can sometimes have the choice to take a lump sum while alive, and this reduces the amount that is paid out when you die.
Universal life resembles whole life in many ways but is more flexible. You can borrow money against the policy and repay it later. If there is money outstanding when you die, it can severely reduce the amount paid out.
The right policy and premiums you pay depend on a lot of factors. Age, medical history, and the amount you want for the policy payout all affect things.
We are happy to go over your options and find the best fit. Please reach out and we can get the best choice for you.
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As an independent agency, we offer multiple options at competitive prices.