Auto insurance
Liability, comprehensive and collision on one policy, with uninsured motorist written to match your bodily injury limits.
- BI / PD limits
- 100/300/50
- Comp / coll deduct.
- $500 / $500
- UM / UIM
- 100/300
$1,284 / yrSample. Not a quote.
Term life for the window, whole life for the obligation without one
Most households need the years covered where a mortgage, a car note and two dependants overlap. Most households are sold something else.
$38 / moSample. Not a quote.
20 year level term, $500,000, age 35, preferred non-tobacco.
What the policy pays for
Term life covers a window: the years where a mortgage, a car note and two dependents all overlap. Whole life covers an obligation with no expiry, and it accrues cash value. Most households need the first and are sold the second.
- Level term life10 to 30 years
- A fixed premium and a fixed death benefit for a fixed number of years. The cheapest way to cover a large, temporary obligation.
- Whole lifePaid to age 100
- A permanent death benefit with a guaranteed cash value that accrues. Materially more expensive per dollar of coverage, and it does not expire.
- Conversion privilegeThrough age 65
- Convert term to permanent coverage without a new medical exam, which matters if your health changes during the term.
- Waiver of premiumAfter 6 months
- The policy keeps paying its own premium if you become totally disabled and cannot work.
- Accelerated death benefitUp to 50%
- Access part of the death benefit early on a terminal diagnosis, paid to you rather than to the beneficiary.
Term against whole, with the price difference printed
Whole life is roughly eleven times the premium for the same death benefit at the same age. That is not a criticism of whole life. It is what a permanent guarantee plus a cash value account costs, and it is a decision you should make with the two figures next to each other rather than one at a time.
| 20 year level term | Whole life | |
|---|---|---|
| Premium, $500,000 at age 35 | $38 / mo | $412 / mo |
| Duration | 10 to 30 years | For life |
| Premium after the term | Renews at attained age | Unchanged |
| Cash value | None | Guaranteed, accrues |
| Convertible | Through age 65 | Not applicable |
| Best fit | A mortgage and dependants | An obligation with no end date |
What it will not pay for
Every policy sold in the United States has exclusions. The difference between carriers is whether you find out now or on the day of the loss. These are the ones that actually catch people out on this form.
- Suicide within the first two policy years, which returns premium rather than paying the benefit. This is standard and it is in every policy.
- Material misstatement on the application during the two year contestability period.
- Aviation other than as a fare-paying passenger, unless specifically underwritten.
Endorsements worth attaching
An endorsement changes the policy. These are the ones we recommend often enough that they are priced into the bundle tiers rather than sold as extras.
Child rider
$10,000 - $25,000
Covers all children under one rider, convertible to their own policy at adulthood.
Spouse rider
Up to face amount
Adds a second insured to one policy rather than issuing two.
Return of premium
Term only
Returns the premiums paid if you outlive the term. It costs considerably more, and we will show you the arithmetic before you buy it.
Lines that belong on the same account
Price the whole structure, not one piece of it.
Four steps, about sixty seconds, and no obligation. An agent reviews every line together so the limits actually meet.