Life Insurance
Life Insurance Basics
Life insurance provides financial protection for your loved ones after you’re gone. There are various types of life coverage which provide different benefits. Life insurance can help replace lost income, cover final expenses, pay off debts, and provide for the security of your family. At Guardian Insurance Services MN, we can help you decide on coverage and gather quotes from over 20 top insurance companies. Contact us or request quotes to get started now.
Life Insurance Policies
Term Life
Low cost option that provides coverage for a specific period of time, often 10 – 30 years.
Whole Life
Provides coverage until death or policy maturity (when the cash value equals the coverage amount). A portion of the premium is applied to a cash account, which earns interest.
Universal Life
Flexible policy that can be designed to last for a specified term or indefinitely. A portion of the premium is usually applied to a cash account that can earn interest or be tied to a market index.
Instant Issue Term Life
Term coverage that can be issued immediately, with no medical exams needed.
Return of Premium Term Life
Term coverage that returns the sum of premiums paid to the policy owner upon expiration.
Group Life
Coverage for a group of people, such as employees at a business.
And more
There are even more coverage options that may be necessary, depending on your needs.
Life Insurance Companies
AAA Life
Banner Life
Cincinnati Life
EMC National Life
Grange Life
Illinois Mutual
John Hancock
Minnesota Life
Pacific Life
Protective Life
Prudential
Symetra
Transamerica
United of Omaha
William Penn