Life Insurance

Looking for a financially savvy way to provide your family with protection and peace of mind in the event of untimely death? A good life insurance policy can help with that (and do so much more).

In addition to covering the lost income of a recently deceased policyholder, life insurance can also be a great financial decision for protecting your investments and preserving your legacy.

With that said, like most forms of insurance, there is no universal, catch-all option for life insurance. A good life insurance policy will be tailored to meet your exact financial needs.

Here at Goodman, we work closely with you and your family to find the perfect life insurance policy. Call 262-599-8031 or reach out below to learn more.

Need help understanding your Life Insurance options?

Not all life insurance policies are created equal. In fact, based on your specific requirements, policies can vary wildly in scope and relevance. Are you a young healthy worker in a high-risk, labor-intensive career? Someone with documented health risks and high net worth? A suburban family looking for a simple, cost-effective long-term policy?

To make sure you understand your options, we’ve compiled a list of a few common types of life insurance coverages below:

Term Life Insurance

Term life insurance is a highly customizable policy type that provides coverage for a pre-determined term. Term life insurance is often bundled with major purchases or investments, like mortgages and college tuition fees.

Whole Life insurance

As the name suggests, whole life insurance provides lifetime coverage with fixed premiums and a cash value that accumulates over time. This is a simple, straightforward way to provide for loved ones after you are gone.

Universal Life Insurance

Universal life insurance is like whole life insurance with additional flexibility. Policyholders are protected for life, but they can modify the premium payments/benefits while earning interest on the policy’s cash value.

Variable Life Insurance

Variable life insurance is a form of universal life insurance that can be invested in variable-rate investment accounts. Due to the nature of these investments, the cash value of these policies can change significantly.

Indexed Life Insurance

Like variable life insurance, indexed life insurance is a form of universal life insurance. Unlike their variable counterpart, these policies are indexed on the stock market rather than variable investment accounts.

Life insurance doesn’t have to be complicated

The decision to purchase life insurance can feel overwhelming, but with the right guidance and support, the process is relatively straightforward. At Goodman Family Insurance, customer support has been a cornerstone of our business for over half a century.

Don’t settle for pre-packaged insurance products from dime-a-dozen 1-800 nationwide chains, get customized quotes (and great rates) from a trusted local agent today.