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LICOA LIFE INSURANCELife

What Is Life Insurance?

That's a big question! The most basic answer is this: life insurance is a financial tool that helps you safeguard your family's future.

It's not something you buy for yourself. It's something you buy so your family is protected after you pass away. It keeps them from having to struggle to pay the bills, or pay for funeral and burial expenses. If you're the primary breadwinner for your home, it can also help your family stay afloat financially.

How Much Does It Cost?

Life insurance isn't a one-size-fits-all kind of product. Everyone will pay a slightly different rate based on how big a policy you want and the type of Life Insurance you need.

Term or Permanent: Which is best for you?

No matter which stage of life you’re enjoying, we have life insurance to fit your needs.

Whether you’re looking for the affordability of term insurance or the lifelong protection and cash value of permanent insurance, or a combination of both, we have options to fit your needs and budget.

Term life insurance can be purchased for large amounts with an initially low premium and may be appropriate for short-term coverage for needs, such as:
  • Home mortgage
  • Outstanding debt
  • Educational expenses
  • Auto loan
Permanent life insurance offers a level premium for a coverage amount you choose and is best for lifelong needs, such as:
  • Loved one’s financial needs
  • Final expenses
  • Estate planning
  • Contributions to charity
  • Business legacy
  • Access to accumulated cash value
Let us help you select the coverage which best fits your needs.