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- FL Agency License L016633
Life insurance
If someone depends on your income, life insurance makes sure they’re looked after. Our team will help you choose between term and whole life and figure out a coverage amount that makes sense, in English or Spanish.
The short answer
Term life covers you for a set number of years, such as 10, 20 or 30, and is the most affordable way to protect a family while children are young or a mortgage is being paid. Whole life lasts your entire life, builds cash value and costs more. Most families start with term. The right amount depends on your income, debts and the people who depend on you.
| Term life | Whole life | |
|---|---|---|
| How long it lasts | A set term, often 10 to 30 years | Your entire life |
| Cost | Lower | Higher |
| Cash value | None | Builds over time |
| Best for | Replacing income while others depend on you | Lifelong needs, final expenses, estate planning |
A simple starting point: add up what your family would need to replace your income for a number of years, pay off the mortgage and other debts, and cover future costs like college. Subtract savings and any coverage you already have through work. Coverage through an employer usually ends when the job does, so many people carry a personal policy too.
You’ll answer health and lifestyle questions. Depending on your age and the amount of coverage, some policies need a short medical exam and others don’t. We’ll explain the process before you start.
No pressure and no jargon. We’ll help you decide how much coverage makes sense for your family.
Neither is better for everyone. Term gives the most coverage for the money during the years your family depends on your income. Whole life lasts for life and builds cash value, at a higher cost. Many families use term, and some add a smaller whole life policy for final expenses.
Often it isn’t. Workplace coverage is commonly one or two times your salary and usually ends if you leave the job. A personal policy stays with you.
It depends on your age, health and the amount of coverage. Some policies require a short exam and others use health questions only. We’ll tell you what to expect.
