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We believe in Dave Ramsey's philosophy in buying Term Only and Investing the rest with his Financial ELP Advisors!!!
Do Not waste your money on investing in Whole Life because you do NOT get both, the death benefit and the life insurance too.
You could get both if you buy term and invest. There are several companies that will allow you to convert to a permanent product God forbid if you get a terminal sickness and need Life Insurance just a little longer with no underwriting if you do it in their allotted time period. Life insurance products for groups are different from life insurance sold to individuals.
The information below focuses on life insurance sold to individuals.
Term Life Insurance
Life Policies for You and Your Loved Ones
The importance of financial security doesn’t go away just because you might die. In fact, after your death, there is even more of a need to leave behind resources, so survivors can cope without you.
Thousands of Iowans are turning to term life insurance to serve their family’s interests after their passing. With this affordable coverage, you won’t have to worry about who is going to take care of your best interests in the event of your death. We’ve got you covered
The bottom line is that your coverage will provide valuable protection for those whom you care about most. Therefore, don’t take getting coverage lightly. Let our team at The Iowa Insurance Store help you find the appropriate policy for your unique needs rather that is a 10, 20 or 30 year term policy.
In 2003, virtually all (97 percent) of the term life insurance bought was level term.
- Level term means that the death benefit stays the same throughout the duration of the policy.
- Decreasing term means that the death benefit drops, usually in one-year increments, over the course of the policy’s term.
Deciding on the right Iowa Individual Life Insurance policy usually depends on your future goals. Whether you wish to provide a tax free income for your beneficiaries, have funds for the payment of the final expenses or estate taxes, replace the income that is lost if you die, or provide a significant charitable contribution, we can help you chose the policy that will fit your needs at an affordable price.
Individual Life Insurance can be important for:
- A source of savings - If not paid out by death benefit, some types of life insurance can have a cash value.
- Final expenses - using life insurance to pay for funeral and burial expenses.
- Income for dependents - a life policy can provide much needed income for your dependents when you die. Many times this is used for children, but can also be used for a partner that has a loss of income.
- Inheritance - using a life insurance policy as a inheritance even if you don't have substantial assets to pass on to your beneficiaries.
- Used to pay taxes
- Making a charitable contribution
Term Policies: The Simplest Form of Coverage
Term life insurance generally is the most affordable and straightforward coverage. Policies last a certain number of years, such as five, ten, twenty or thirty years. As long as you pay your premiums, you’ll have protection.
However, term policies are not one-size-fits-all coverage. They’re meant to protect you, specifically. We’ve got the know-how to help you find the most appropriate protection for your needs. We’ll help you choose the limits and beneficiaries that make the most sense for your needs.
Not only that, we’ll make sure your policy remains affordable—even if you face certain limitations, like being a smoker or having medical conditions. We’ll even make sure that you still get the most comprehensive protection for your age range. Some people think that they age out of qualifying for life insurance. To us, that’s not the case. We’ve got the heart and mind of a teacher, and we’re here to help you understand exactly how much protection you need.
Committed to Your Service
Everyone can benefit from peace of mind. With life insurance, you have the guarantee that you will have financial security to leave to those you love. At the Iowa Insurance Store, we will help you get exactly the coverage you need.
So, don’t hesitate to call us today at 515-964-2927, or request a homeowner’s insurance policy quote online.