Why Do I Need Life Insurance?
The purpose of life insurance is simply to make sure that your children - or others who depend on you for financial support will be protected if you die prematurely.
The money your beneficiaries receive can be used to help pay for regular living expenses, pay your final expenses, pay off debt and many other types of expenses.
YOUR LIFE INSURANCE OPTIONS
Whether you’re looking for coverage for a specific time period or lifelong protection, we offer many different options, recommending only what you need. If you are not sure what you are looking for, let us help you answer your life insurance questions.
Term Life Insurance
Affordable life insurance solution that provides coverage at a fixed rate of payments for a specified period of time. Premiums are generally paid on a monthly or annual basis and your family is protected for that period of time.
Final Expense is a type of permanent life insurance. It’s a small Whole Life Insurance with the main purpose of paying funeral expenses so your loved ones don’t end up coming out of pocket for it. Death benefits range from $1,000 to $50,000 depending on age. As long as you pay the policy, you get to keep it up to age 121.
Insurance solution that provides protection for life. The death benefit is guaranteed and the cash value grows at a guaranteed rate.
You have the flexibility to choose how often you would like to make your premium payments and the policy can be paid up after a certain number of years.
- It is less expensive than other options
- Flexibility- You have tons of options when it comes to term life
- Easy to understand (coverage amount, length)
- Renewable options
- Permanent life insurance
- It is typically the least expensive option
- Not based on medical history
- Protection for life
- Includes investment component (cash value)
- Level premiums
- Renewable options
- You can borrow money or surrender policy for cash
We Are Here To Help You
Prium Life understands that choosing the right insurance policy is an important decision. We are here to review your needs and help you find the appropriate policy.