Life Insurance Quote Forms
Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.
Life Insurance Information
PROTECT WHAT MATTERS MOST
Life insurance can be a difficult policy to think about but is one of the most proactive ways to ensure your loved ones are protected if something happens to you. This coverage offers a death benefit to chosen beneficiaries when you die. There are different lengths of life insurance to suit your unique needs. Today, discuss your life insurance needs with an EG Insurance Agency, Inc. agent.
What Is Life Insurance?
Life insurance is a legally binding contract that pays a benefit to the policy owner when the insured dies. There are a few different types of life insurance policies that you can purchase, and each policy is different in how it works.
What Are the Main Types of Life Insurance?
There are two basic types of life insurance:
Term Life Insurance
Term life insurance expires after a certain number of years. This policy is an inexpensive way to have protection for a short time since it offers a death benefit with no cash value. Once your term ends, the coverage also comes to an end, and the value of your policy no longer exists.
There is no set rate for this coverage type. Term life insurance rates typically rise as you get older.
Permanent Life Insurance
Permanent life insurance refers to any other life insurance policy aside from term life insurance. These policies are only as good as the company's financial strength that issues them. This coverage lasts a lifetime which differs from term life insurance policies. Permanent life insurance policies build up a cash value that you can borrow against, withdraw or use to pay future premiums.
Premiums are typically more expensive than term life policies.
Learn More About Life Insurance
Both policy options provide protection and peace of mind knowing your loved ones are taken care of in advance. Contact your agent at EG Insurance Agency, Inc. to discuss your life insurance options to ensure you’re protected when you need it most.