Life Insurance
Understanding Life Insurance Coverage With a Life Insurance Broker
Life insurance is a contract between an individual and a life insurance company where the insurer pays a death benefit to your beneficiaries if you pass away. This life insurance coverage can help your family replace income, cover funeral costs, pay off debt, and protect your financial future. A trusted life insurance broker helps you compare coverage options and choose the right policy for your specific circumstances.
Benefits of Life Insurance and Living Benefits
Protect Your Family With a Lump Sum Death Benefit
Flexible Coverage Options to Match Your Budget
Living Benefits and Optional Riders for Added Protection
A life insurance policy can provide a lump sum payment to your beneficiaries, giving them money for household expenses, mortgage payments, childcare, or other financial needs. This benefit helps protect your family’s lifestyle when it matters most.
There are common types of life insurance—like term life and permanent life insurance—so you can choose the right amount and structure for your goals. We’ll review life insurance costs, compare premiums, and help you find an option that fits your budget.
Many policies offer optional riders that can add extra value, including potential living benefits (depending on the policy) that may help in certain situations like serious illness. Riders may involve an additional cost, and eligibility or a waiting period can apply—so we’ll walk through the details before you purchase.
Term Life Insurance Premiums and Term Life Policies
Term life insurance provides coverage for a set period—often 10, 20, or 30 years. Term life policies are typically more affordable and straightforward because they are designed to pay a death benefit if the insured person passes during the term.
For many families and business owners, term life is a practical way to buy life insurance for income replacement during key years, such as while raising kids, paying a mortgage, or building savings. Your life insurance premium is generally based on factors like age, health, coverage amount, and term length—so we’ll help you choose the right amount of coverage without overpaying.
Permanent Life Insurance Policy Options: Permanent Life Insurance and Cash Value
Permanent life insurance is designed to provide lifetime coverage and may include whole life insurance or universal life insurance. These permanent life insurance policies often include a cash value component that can build cash over time, and some policies may allow access to that value through policy loans or withdrawals (subject to the policy rules).
Permanent coverage can be helpful for clients who want lifelong protection, estate planning support, or a policy that may provide long-term financial flexibility. However, permanent policies can have higher life insurance premium amounts and more complex terms like cash surrender value and surrender charges. In some cases, certain funding patterns can create a modified endowment contract, which can change tax treatment—so we’ll explain what that means before you commit.
Why Choose Houtz Insurance LLC as Your Life Insurance Broker?
Choosing the right life insurance policy is a big decision, and not every insurance company or plan fits every person. At Houtz Insurance, our agents help you compare coverage options, understand the fine print, and choose protection that supports your family, business, or estate goals.
Personalized Advice on Coverage, Costs, and the Right Amount
Clear Guidance on Premiums, Riders, and Policy Details
Support From Quote to Purchase (and Beyond)
We take time to understand your goals—whether that’s protecting your family, planning for business needs, or leaving funds behind for beneficiaries. Then we help you choose coverage based on your budget, health, and timeline.
We explain life insurance costs, premiums, optional riders, and how living benefits may work in real-world scenarios. You’ll know what your policy covers, what it doesn’t, and what factors could affect payment to beneficiaries.
From helping you buy life insurance to reviewing updates later, we stay available as a long-term partner. If your life changes—marriage, kids, a new business, or new financial responsibilities—we can revisit your policy and adjust coverage options when needed.
Get Started Today: Buy Life Insurance With Confidence
You don’t have to figure out life insurance alone. Schedule a consult with a Houtz Insurance life insurance broker to compare term life insurance and permanent life insurance options, review premiums, and choose the right coverage amount for your goals. Reach out today and let’s create a plan that protects your family and your future with clarity and confidence.