Many individuals don’t consider finding life insurance until they have a medical condition or until it’s too late. Some individuals struggle to find life insurance after the age of 50. However, with American Insure-All® you can ensure that the team of experienced life insurance agents will help you find life insurance that you qualify for – regardless of your age or your health status. To learn more about the different types of life insurance and to learn about your options, call American Insure-All® for life insurance quotes in Mill Creek.
Life Insurance Basics
How exactly does a life insurance policy work? A life insurance policy is a “contract” between an insurance company and an insured. The insured makes premium payments, usually on a monthly basis in exchange for benefits and coverage. “Death benefits” are typically a lump sum payment that is issued to an insured after making a claim, such as a death of a loved one or spouse.
The Most Common Types of Life Insurance
Term Life Insurance – Term life insurance is a “short term” source of income. An individual can “borrow” a death benefit from a life insurance policy to use as income while he or she or even a spouse looks for work or recovers from an illness or disability.
Permanent Life Insurance – Permanent life insurance provides a lump sum, or “death benefit” to a beneficiary in the event of a death.
Universal/ Whole Life Insurance – This type of life insurance can be used in estate planning and as a long-term source of income.
For more information on term life insurance quotes no medical exam, instant life insurance quotes, life insurance quotes over 50, contact American Insure-All® today at (888)411-AUTO for free life insurance quotes in Mill Creek.
When our previous insurance provider decided to make a change in our career we were a little anxious. We had become accustomed to being on a first-name basis and getting quick responses to our requests. Little did we know at the time we had nothing to worry about as American Insure-All has more than met our previous expectations. Don and his team have been quick to respond to our needs and provide us with the peace of mind that we were looking for in a provider.