Term life insurance
- How it works: you pick a coverage amount and a term, often 10, 20 or 30 years. If you die during the term, your beneficiaries get the benefit. If the term ends, coverage stops unless you renew or convert it.
- Who it tends to fit: families raising kids, people paying off a mortgage, and anyone who needs a large amount of coverage for a specific stretch of years.
- Question to ask: whether the policy can be converted to permanent coverage later without new health questions.
Whole life insurance
- How it works: coverage lasts your whole life as long as you pay the premiums, which usually stay level. Part of each premium builds cash value that grows over time and that you can borrow against.
- Who it tends to fit: people who want coverage that never expires, want to leave money to family or a cause, or want to cover final expenses.
- Question to ask: how the cash value grows, and what happens to the death benefit if you borrow against it.
How much coverage?
There’s no single right number. We look at your income, debts such as a mortgage, how many years your family would need support, and any coverage you already have through work, then show you what that costs as term and as whole life.
What to have ready
- Your date of birth and general health
- Your income and major debts, like a mortgage
- Any life insurance you already have, including through work
- Who you want to name as beneficiaries
Common questions
Is life insurance through work enough?+
Sometimes not. Work coverage often ends when you leave the job, and the amount may be limited. Many people add a personal policy that stays with them.
Can I have both term and whole life?+
Yes. Some people pair a smaller whole life policy for lifelong needs with a larger term policy for the years their family depends on their income.
Do I have to take a medical exam?+
It depends on the policy and the amount. Some policies ask only health questions. We’ll tell you what each option requires.
Take the free Find My Plan quiz, or talk with a licensed agent by phone or text. Call or text Jeff at 817-980-8804 (licensed in 28 states) or Amy Herdine at 817-470-2229 (licensed in Texas).
General information, not legal, tax or medical advice. Plan rules and availability vary.
