Life Insurance

Life Insurance

Obviously, the most precious part of your life is your family.

Overview:

Life insurance products help you financially plan for your family's future. We offer a variety of products designed to provide coverage at all stages of life.

Ag Risk Management & Insurance has several excellent life insurance products that are designed to fit the various needs of our customers. We take an approach to our products that is based on your family's needs and your financial objectives.

The primary purpose of any life insurance product is to cover a financial need. Some needs are longer-term or more permanent than others, such as the need to cover final expenses or funeral costs. These needs seem to be with us for our entire lives.

Other needs are short-term or intermediate needs, like covering the mortgage for our home.  It could be for providing an income that will support a young family with children. Even though it may be 10, 20 or 30 years or more, our current needs have an end.

Your AGRM&I agent can help you to determine the amount of your particular needs that are based on your circumstances.

Most AGRM&I life insurance products fit into two main categories - whole life and term life.

Whole Life

Whole life insurance is considered a more permanent type of life insurance coverage. The premiums on these policies can remain level for the life of the insured.  They also can build a cash value.

Whole life usually has higher premiums because it lasts longer than term life insurance.

Term Life

A Term Life policy provides guaranteed, level premiums during a specified term period, hence the name 'Term Life Policy'. Also, the policyholder may have the option to convert some or all of the term insurance coverage to a whole life insurance policy, at a later date, without additional underwriting being involved.

The life insurance product or products you choose should be based on your ultimate needs and your own financial goals.

Call Your AGRM&I Agent today!