Individual Life Insurance and Term Life Insurance
Life insurance is an essential part of financial planning, giving you and your family a foundation of financial security should anything happen. Additionally, life insurance benefits are designed to protect your family from current debt such as mortgages and auto loans, current expenses such as income replacement, and future expenses such as your children's college tuition fund, paying estate taxes, and/or creating/leaving a legacy for your family.
The agents at e-Cover Me work with their clients to resolve financial concerns in an efficient and timely manner, whether their needs are personal or business-focused. Because each client's needs are unique, they use a four-step approach to determine the right options for you.
- Getting to know you – What's important to you? What keeps you up at night? What do you want to protect? What do you want in retirement?
- Analyzing your needs – What is your current financial outlook? Where do you want to be in the future? What are your financial goals? What do you feel needs to be changed?
- Identifying solutions – What can be done to solve the problem? Where are the inefficiencies? What are you comfortable changing?
- Keeping in touch – How often do you want to review your financials? Are you happy with what we did? What new opportunities and challenges are you facing?
Read below to learn more about some of our Life Insurance Options.
Permanent insurance provides lifelong protection and is known by a variety of names. These policies are designed and priced for you to keep over a long period of time, therefore if you don't have the need for coverage over your entire lifetime, it could be the wrong type of insurance for you. e-Cover Me offers a variety of Permanent Life Insurance, including the following most popular types:
- Whole Life or Ordinary Life
- Universal Life or Adjustable Life
- Variable Life
Term insurance provides protection for a specific period of time, paying benefits only if you die during the term. Level term products are the most popular plans purchased today, ranging in term from 5 years to 30 years. Some term insurance policies can be renewed when you reach the end of a specific period but the premium rates increase at each renewal date. Most term policies we sell are convertible to permanent insurance, which is an important feature should the health of the insured change during the policy. With relationships with the top 40 A-rated term providers in the United States, the agents at e-Cover Me are trained to ask the right questions to get you the most benefits at the lowest possible cost.
Final Expense Insurance:
Final expense insurance provides cash when needed to cover funeral and burial expenses of a loved one. The standard benefits range from $5,000-$25,000 and oftentimes, final expense insurance can provide funds to your family within a day or two of passing, because the grieving period is no time to be making complicated financial decisions.
As opposed to traditional life insurance, there is either simplified underwriting and/or no medical exam required. As with most permanent insurance options, premiums are guaranteed not to increase over time. As with all of our products, the agents at e-Cover Me have access to several A-rated carriers to customize a program that fits your budget and needs.