Urban Benefits Group
Life Insurance
No matter what stage of life you’re in or what you plan to do in the future, life insurance can give your loved ones peace of mind if you are no longer there.
Life Insurance Explained.
A life insurance policy is a contract between the issuer (the insurance company) and the policy holder (the individual or family). Upon the death of the policy holder, the insurance company will pay a specific amount to the beneficiary.
Life Insurance Types
There are 3 types of life insurance:
- Whole Life insurance
permanent life insurance that can never ends as long as the premiums are being paid until the insured is passed away. This option usually cost more than the other life insurance options. Northern American Group offers guaranteed accepted life insurance for both individual and group coverage Click here for a quote and enroll - Universal Life Insurance
Universal Life insurance is like a hybrid between Whole Life insurance and Term Life insurance. This is so because Universal Life insurance is a form permanent life insurance with the ability to add excess savings. Some part of the premium will go to keeping the policy active and the other will go to the cash building savings. Click here for a quote and enroll - Term Life Insurance
Term life insurance usually covers you for a period at a time. The most common forms of Term Life insurance are 10 years, 15 years, 20 years and 30 years. Once that fixed time period is over or expired and there is no death to the insured, the insured would have to reapply for insurance all over again. This is usually the most cost effective options of life insurance. Click here for a quote and enroll
STILL HAVE QUESTIONS?
We Are Here To Help
We understand medicare and insurance can be complicated and confusing at times. We are here to help you understand the basics and plus all the options available. Please feel free to call us or fill out the contact form with any questions.