Individual Life Insurance
Life insurance from Shevland Insurance Group can help you secure your family’s financial future by providing the funds they need to: cover burial expenses, pay uninsured medical bills, pay off your mortgage and other outstanding debts, and maintain a comfortable standard of living.
There are a variety of life insurance policies that we can provide. The kind of policy you choose depends on your needs:
Term Life Insurance
Term Life Insurance is a low-cost way of providing maximum coverage for your family. Protection is provided for a limited number of years. The insurance expires without value if the insured lives beyond the policy period, usually five to twenty years. Other policy life periods are available, including one-year annual renewable term.
Term insurance premiums will not increase during the guaranteed policy time period (term) you select. Term Life Insurance pays a death benefit only if you die during that term. Term insurance generally provides the largest insurance protection for your premium dollar.
Term Life Insurance remains in force for as long as premiums are current. The insurance coverage terminates if you discontinue your premium payments.
Universal Life Insurance
Universal Life is characterized by great flexibility. Policyholders can determine the amount and frequency of premium payments – i.e., the more you pay, the less time you will need to pay. Your premiums cover the mortality and expense components with the balance being applied to your savings or cash value account.
Whole Life Insurance
Whole Life Insurance provides permanent protection from the date of policy issue to the date of the insured’s death, provided that premiums are paid. Premiums are set at the time of policy issue and remain level for the insured’s lifetime. Unlike Term Insurance, Whole Life Insurance combines insurance protection and savings or cash value which builds over time. Cash value build-up may provide a source for living benefits, for example, helping pay off a mortgage, or a child’s education, or cash surrender value if the policy is ever canceled.
These products are continually changing and we can provide you with the latest information and policies available!
Shevland Insurance Group offers free, comparative quotes on life insurance from multiple insurance carriers so you can get the best possible rate.
Want to see how much we can save you? Just request a quote to find out.