Life insurance can be important at any stage of life and is dependent upon your family, business or estate situation. The need for life insurance typically increases as your family and business grow. It can be used in many ways to help provide for those who depend on you financially, including your children, spouse, and other loved ones.

Common Uses for Life Insurance:

  • Provide living expenses for a family
  • Pay off debts
  • Fund educational needs
  • Collateralize business loans
  • Fund buy out agreements between partners
  • Pay estate taxes

If you need basic life insurance coverage for an unexpected death, you should consider term life insurance. In general, it provides coverage at a lower cost and is typically offered for a term somewhere between 10 and 30 years.

Term Life

Term life provides affordable coverage for a temporary need. Premiums are initially inexpensive but may increase at a predetermined point in the future. Some term life policies have premiums that increase annually, but level premium policies are usually preferred. Rates remain level to the end of the stated time period then increase significantly.

If you need long-term life insurance protection, the potential to build cash value and have financial peace of mind for your loved ones, you may want to consider permanent life insurance.

Permanent Life

Permanent Life gives protection for the entirety of your life and accumulates a tax-deferred cash value. This cash value can be taken out or borrowed upon during the life of the policy and paid to the policy owner if the policy is surrendered.* Dependent upon certain policy assumptions (interest, mortality changes, expenses), premiums can remain level, be reduced or discontinued. Although initially more expensive than term life, permanent life offers the most economically sound method of buying life insurance for long-term needs. It offers the opportunity to build equity at a cash value, and offers more flexible options than term life.

There are several different types of permanent life insurance policies that we can offer to fit your individual needs:

  • Whole Life Insurance: Permanent insurance, cash-value growth, fixed premiums and a guaranteed death benefit.
  • Universal Life Insurance: Permanent insurance, cash-value growth, and the flexibility to change premiums, payments and death benefit options.
  • Final Expense Whole Life Insurance: Permanent insurance, simple and affordable. This is designed to cover funeral costs, medical bills, credit card bills and other financial burdens that you don’t want to leave to your family or loved ones. You can’t be turned down for health reasons, and premiums and coverage amounts are guaranteed to stay fixed for the life of your policy.

Are you ready to get protected? Determining the right life insurance coverage and amount is crucial and our agents can assist you through this process. We are an independent agency, so we can shop the lowest rates and get the coverage that best fits your needs!  Schedule an appointment today, so you can rest easy tonight.  Contact our Life Insurance specialist, Al Idrisi: (913) 222-5053 or

* If you surrender your policy in the early years, there may be little or no cash value and a surrender charge may be assessed. In addition, tax consequences may occur of you cancel or surrender a policy. You ultimately must repay any loan with interest. Your beneficiaries will receive a death benefit reduced by the amount of the unpaid loan. Tax consequences can result if you surrender or lapse a policy with outstanding loans.