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Life Insurance

What is a life insurance policy?

Life insurance is an important part of any financial strategy. By purchasing a policy, you can provide your family and loved ones with security in the event of your untimely passing. Your beneficiaries will receive money from the insurance company, which they can then use as they see fit to cover funeral expenses or other expenses related to your death. This type of protection is vital for anyone caring for a spouse or children, or who has debts that must be paid off after their death.

Before choosing life insurance coverage, it’s important to review all of your options carefully and decide what type of policy will best suit your needs. Most types have various levels of coverage available, so you can choose how much coverage you want to buy based on factors

Types of Life Insurance

Life insurance is an important financial tool that can help protect you and your loved ones in the event of death, disability or critical illness. There are many different types of life insurance available, each with its own benefits and drawbacks. Below we will highlight some of the most common forms of life insurance and how they can be used.

Term Life Insurance

Term life insurance is a simple and cost-effective way to protect your family’s financial security if you die unexpectedly. If you don’t want or need a lifelong policy, term life insurance provides the most coverage for the money. This type of policy lasts for a specific length of time, usually 10 to 30 years.

A tax-free death benefit Flexible policy lengths Affordable rates & payments Flexibility to convert to permanent insurance

Provides your family stability at the very time they will need it most.

You can choose a term length between 10 and 40 years.

Plans start as little as $15.09 per month for 20 years at $250,000

Switch to longer term protection in the future as provided by policy provisions.

Universal Life Insurance

Universal life insurance is a versatile policy that can provide you with much needed financial protection, while also offering the flexibility to adjust premiums if your financial situation changes. With universal life insurance, you are able to manage the balance of your cash value and the death benefit amount within certain limits. There are several other benefits that make universal life insurance an excellent

Death benefit protection Built-in flexibility Expanded cash value options for certain policies

As long as you pay the sufficient premiums, your protection never ends

You can increase or decrease your death benefit to meet your changing financial needs so long as sufficient premium is paid to keep the policy in force.

Some universal life policies provide that the cash value can be linked to the broad performance of stock market index funds, but with limits on how much you can gain or lose. Or, you can choose a guaranteed annual return option. It even offers flexibility to have a combination of both.

Whole Life Insurance

A whole life insurance policy is a type of permanent life insurance that covers you for the duration of your entire life. This means that you are guaranteed to have this coverage in place as long as you live – even if you develop an illness or other health condition that would otherwise make it impossible for you to qualify for coverage under traditional term policies.

Death benefit protection Guaranteed cash value The potential to earn dividends

As long as you make the required payments, you can rest assured that your beneficiaries will receive the death benefit if pass away.

This policy's savings component allows the cash value to increase regardless of market conditions.
For participating policies, these earnings can be received in cash, accumulated at interest, used to buy additional life insurance or to help reduce premium payments or pay outstanding loans.

Variable Life Insurance

A variable life insurance policy is a type of life insurance that offers the policyholder the opportunity to invest their premiums in a variety of different investment vehicles. The performance of the investments will determine the death benefit paid out to the beneficiaries upon the policyholder’s death.

Variable life insurance policies are often more expensive than traditional life insurance policies.

A wider range of investment options Full market participation
Have the freedom to decide where to invest your cash value. Choose subaccounts similar to mutual funds or fixed accounts. This comes with higher growth potential, and increased risk.
No limits on how much cash value you can gain or lose like other universal life products. The value of your policy depends on the market performance of your subaccounts. Your cash value growth is not limited, but like other investments, there is also potential to lose value.
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What our customers are saying.

christie walkerchristie walker
02:14 07 Jun 22
Lionel was very helpful with ensuring my family received the best service and insurance rates. He went above and beyond his duties and I really appreciate his service.
Jorge RamosJorge Ramos
01:48 18 May 22
Allsurance has amazing customer service and professional staff that explains everything in understandable terms. Thanks Mike you are awesome and excellent at your job, every company needs a down to earth and upbeat employee that treats clients like family. It’s always a pleasure doing business with someone that treats you as a human being and not a number. Give them a call you won’t be disappointed and they will find you a great deal!
Kristal ChestnutKristal Chestnut
23:23 17 May 22
Lionel,and Michael are the best! They both helped me in a timely manner,and got me taken care of! Thanks guys!
Seth RiedeSeth Riede
17:37 13 May 22
I couldn't be more pleased! These guys went way out of their way to not only get me a good policy, but a few weeks after called back because they found a better and cheaper option. Very professional and personable. Excellent service.
Ramiele MalubayRamiele Malubay
22:46 08 May 22
Leo has been incredibly helpful & made it very easy for me to make sure I’m covered while transitioning to a travel nurse!
donna smithdonna smith
21:40 02 May 22
Mr. Lionel is the best agent I have ever had ..he took great care of me and my family with all of our needs.Thank You so much Mr. LIONEL👍👍
Veta DavisVeta Davis
22:59 22 Apr 22
I’m so happy to find my new family with Allsurance! Mr. Lionel has been amazing with the whole experience that I’ve had especially with him assisting me to find the perfect insurance! He’s helped me with all of my needs and wants. I will be referring this company to all of my family and friends. Thank you Mr. Lionel for all of your help and your open arms to me being a new customer to the Allsurance company!
Tanisha HubbardTanisha Hubbard
21:55 22 Apr 22
Great experience my Lionel is awesome he was able to get me everything I needed as far as coverage and all at an affordable rate.
Monique HendersonMonique Henderson
21:31 21 Apr 22
Lionel has been very helpful, patient and understanding. I feel everything is going to work out for the best. He went through all my options and found the best one for me. Thank you and I’m grateful.
Jeffery CarterJeffery Carter
04:10 03 Dec 21
I appreciate this Insurance, and our Insurance agent is very honest and easy to talk with also very Informative. Helped my wife and I put together a good plan that worked for our family. Would totally recommend this Insurance to anyone looking for a good plan and also a great agent to help you understand things in detail. Look into this for sure.
Al JohnsonAl Johnson
15:31 24 Nov 21
Lionel is very knowledgeable and extremely helpful. Lionel even makes the process bearable. He has been a blessing to my family. I highly recommend Lionel and Allsurance.
George CurtisGeorge Curtis
23:52 31 Oct 21
Leo was great to work with! He was super responsive and took good care of us with great service and very quick response times. Highly recommend!
Ti ImerbsinTi Imerbsin
17:06 01 Oct 21
Ask for LEO! He is the Greatest life insurance salesman of all time. Not only he is super knowledgeable and super honest. He will treat you like a family.
Desiree BradfordDesiree Bradford
16:45 01 Oct 21
Allsurance made getting life insurance simple, painless and affordable. They did all the shopping for me and I got the best bang for my dollar! Thanks for all the help!