We all understand the importance of Life Insurance to help protect our loved ones financially. However, not all of us carry the adequate coverage. We have listed some examples of rates for life insurance protection below so we can illustrate how affordable life insurance can be! These example rates are through Auto-Owners Life Insurance Company (www.Auto-Owners.com for company information). Auto-Owners also offers Homeowners, Automobile, Personal Umbrella and Commercial products as well and you could receive savings on these policies with a qualifying life insurance policy! This discount could even cover the cost of your life insurance policy!
Three popular Life Insurance Policy Types are:
Simplified Issue 5 Year Term Policy: provides a low cost, level death benefit for a 5 year period without any physical exam or medical testing.
Level Term Life Insurance: provides a low cost, level death benefit for 10, 20 or 30 year period (no cash value)
Whole Life Insurance: provides long-term protection, keeping a level death benefit that will build a cash value.
Life Insurance Rate* Examples:
*based on a 30 year old male, non-smoker, with preferred rating
Simplified Issue 5 Year Term Policy @ $50,000 coverage: $216.00 a year
Level Term Life Insurance @ $100,000 coverage:
10 Year Term - $140.00 a year
20 Year Term - $144.00 a year
30 Year Term - $183.00 a year
Whole Life Traditional @ $100,000 coverage: $687.00 a year
Please feel free to reach out to one of our agents at Briggs Agency, Inc. to discuss which life insurance policy would be fit your needs and get your individualized quote! Please visit us at www.BriggsAgency.com and complete our online life insurance quote form or call our office at 219-769-4840. We are looking forward to hearing from you!