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Life Insurance

Life Insurance is not a fun topic to discuss but is one of the most important conversations you can have with your insurance agent.  

At Gnade Insurance Group we can help you determine which type of Life Insurance Policy is best suited for your needs and goals.

Some of the options are:

  • Term Life: Simplest and usually the least expensive option. This type is meant to cover the insured for a specific period of time but does not build any cash value.
  • Whole Life: Purchased to cover your entire life as long as the premium is paid and is generally more expensive than term because there is no expiration.  This policy will build a cash value.
  • Universal Life: A similar policy to whole life with more flexibility and higher earning potential.  Usually has a guaranteed cash value return but the premium may increase.
  • Variable Life: Whole life policy with a fixed premium but no guarantee on the cash value making it a riskier policy type.
We have some unique policies that can combine the different types and some that will return all the premium at the term.

Make an appointment with our life team to secure the future for you and your family.

Call 815-277-8505 or email: lifehealth@gnadeinsurance.com


Calculate Your Life Insurance Needs Below
This calculator will help you to decide how much life insurance you need if your survivors invest the life insurance benefits they receive.

 

Funeral cost, estate taxes, etc. ($):
Amount needed to pay off non-mortgage debt ($):
Amount needed in emergency fund ($):
Amount needed in college fund ($):
Expected average annual living expenses ($):
Expected spouse's average annual income after taxes ($):
Annual Social Security Benefits ($):
Spouse's current age (#):
Value of current liquid assets ($ total of savings, investments, etc.):
Expected survivor's investment strategy:
Life insurance needs:
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