Life Insurance


Level Term Life Insurance

YOU HAVE CHOICES! Choose 10, 20 or 30 years, whichever best suits your needs. Level Term life insurance provides low cost level death benefit for a ten, twenty or thirty year period. Coverage is guaranteed all the way to age 90.

Inexpensive term insurance can be very valuable to a family or a business that shoulders the responsibility of providing the financial means to meet future obligations such as:

  • Family Living Expenses
  • Children’s Education Needs
  • Mortgages
  • Business Loans
  • Business Buy/Sell Agreements
  • Key Person Insurance
  • Miscellaneous Debt Obligations

Permanent Life Insurance

Whole Life’s death benefit coverage to age 110 makes it ideal for most life insurance needs such as:

  • Level protection for a lifetime
  • Financial protection from an unexpected death of a loved one
  • Savings program for children’s education or other needs
  • Providing money for family living expenses in the event a wage earner dies
  • Providing money to pay off debts after death
  • Providing funds to pay final expenses instead of leaving it to other family members
  • A tax-free death benefit to pay estate taxes and probate costs
  • Policy cash value can be used as collateral for loans
  • Business use to fund a buy/sell agreement or an employee benefit in the form of Key Person Insurance

A policy’s cash or loan, paid up insurance and extended term protection values are adaptable to meet changing financial objectives.

Decreasing Term Life Insurance

Decreasing Term Life Insurance works best for those who need to protect their family or business from debt or other obligations that will continue into the future. These obligations may include:

  • Family Living Expenses • Business Buy/Sell Agreements
  • Children’s Education Needs • Key Person Insurance
  • Mortgages • Miscellaneous Debt
  • Business Loans Obligations

The protection amount decreases in a manner which approximates the unpaid balance of a 10% interest rate mortgage.

*Information provided and copyrighted by Auto-Owners Insurance