Individual Life Insurance

Individual Life Insurance in Ansley, NE, Broken Bow, NE, and Kearney, NE

Reassurance for you and your Loved Ones.

Life insurance is the cornerstone of any sound financial planning. It is like an emergency fund that your family gains access to in the event of your death. You buy into it and as long as you pay the premium, the policy is there until you pass or the term runs out.

The policy’s beneficiaries can use the money to pay for their future costs like funeral expenses, the mortgage, car payments, college tuition, etc. Basically, anything they need to pay for.

We understand that choosing a plan that works for you and your family is a big decision. If something were to happen, you want to make sure that the plan you picked was the right one for your family’s future. Fortunately, our team is staffed with professionals who can walk you through the benefits of each plan so you can be fully informed when making a policy decision.

Types of Individual Life Insurance

Insurance of the Heartland offers several different coverage options for your consideration including term life, whole life, and more.

Term Life – This policy lasts for a specific period of time (usually lasting at least 5 years but can go up to as high as 30 years). During this period, your premiums can stay consistent. If death were to occur within the term, a lump-sum payment could be paid out to help your family pay the mortgage, run your business, or go to college. Not only is this policy simpler and cheaper than others, but also can be converted to a more permanent insurance solution such as whole life or universal life insurance.

There are two types of term life insurance:

  • Annual Renewable Term is purchased for a period of one year, with the death benefit to be paid only if the insured were to die during that one-year term, along with the option to renew after the term period.
  • Level Term Life guarantees a fixed premium for a given period of time, usually in terms of 10, 15, 20, or 30 years. Your premium is based on your age and coverage options, with longer terms being more expensive.

Whole Life – is a permanent plan that lasts for the entire life of the insured. A death benefit is guaranteed for the life of the insured and payments above your premium are put into a savings account that accrues interest at a fixed rate.

Insurance of the Heartland is here for you

As we mentioned, deciding on the policy that works best for you is a big choice. At insurance of the Heartland, we are standing by to help you understand your options and make the best decision.

At the end of the day, one of the biggest investments you can make is an investment in yourself.

Insurance of the Heartland provides life insurance to individuals in Ansley, Broken Bow, Sargent, Burwell, Ord, Kearney, and surrounding areas.

As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs.