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Life Insurance

 Life Insurance is offered through Insure New England to protect the ones you love. We offer term life, whole life, and universal life insurance. Each product offers different benefits based on your current life situation and circumstances to provide the best coverage for you and your family. Life insurance gets more expensive as you get older, and the price never goes up, so it's always better to enroll in a life insurance policy sooner rather than later.

Term life insurance is beneficial for younger families and first time home buyers. Typically terms will run for 15, 20, or 30 years. This means you will essentially be renting a life insurance policy for the desired time frame at an amount that will allow your family to pay for any expenses. Many young homebuyers will purchase a 30-year term policy in addition to their new home and use it as "mortgage protection", protecting their investment in case of an untimely death that allows their spouse to afford the monthly expenses after their passing. The monthly premium will remain the same over the entire policy.

Whole life insurance is similar to term life insurance in the death benefits it provides, however rather than renting the policy for a specific amount of time, a whole life policy will remain with you your "whole life". The monthly premium will remain the same your entire life. This product pays extra dividends for young children as they have guaranteed insurability for the rest of their lives and they get the most competitive pricing at such a young age. Some whole life policies can accrue cash value and be borrowed against later in life as well.

Universal life insurance performs similarily to whole life insurance in that it is a permanent policy that will follow you for the remainder of your life. The biggest difference is that universal life offers a guaranteed cash value feature that also allows you a more flexible premium to guarantee coverage for a lesser duration. This product is best for older adults with grown children and business owners looking to build a nest egg that accumulates cash value.

Reach out to Insure New England with any questions or get a free quote to see how affordable these products can be!