Term
Coverage for 10, 20, or 30 years is the usual comparison while a mortgage or children are still at home. You are paying for the death benefit. There is no cash value to manage.
Life insurance
Protection for the income they count on
Compare term and permanent coverage for the people who rely on you.
- Term or permanent
- Income and debts
- Sean on our team
Life insurance pays a death benefit to the people you name. Families use it to replace income or pay off a debt. Term coverage lasts a set number of years. Permanent coverage can stay in force longer, and some policies build cash value.
We compare those options and the carriers we work with. Call the office and we will set the appointment. We meet on weekdays, or on weekends by appointment.
What to compare
Permanent
Whole life and similar policies can stay in force for life if premiums are paid. The premium is higher than term for the same death benefit. Some build cash value. We walk through that tradeoff in the appointment.
The amount
Start from income, debts, and final expenses. Bring a rough picture of the mortgage and who would need that paycheck. The amount gets worked out in the appointment. This page does not calculate one.
Questions
What is the difference between term and permanent life insurance?
Term coverage lasts a set number of years and pays a death benefit if you die during that term. Permanent coverage can stay in force for life if premiums are paid, and some policies build cash value. The right one depends on how long someone would need your income.
Do I pay more if I buy life insurance through Group Plans?
No. Our help costs you nothing. The insurance companies we represent pay us. Your premium is the same as if you applied on your own.
How much life insurance do I need?
Start from who would need your income, which debts would remain, and how many years that need lasts. We work out an amount in the appointment. This page does not calculate one.
This website is operated by Group Plans, Inc. Content is provided for general information only and does not constitute professional advice. Contact the business directly for guidance specific to your situation.
Before you call
Prefer to talk it through? A rough picture is enough. Exact figures can wait until the appointment.
- Who would need your income
- Which debts would still have to be paid, including a mortgage
- How many years the coverage should last
Or call our office at (623) 889-7600.
Sean
Life Insurance Specialist
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