Best Life Insurance Policies in Pennsylvania

Term Life Insurance

These policies are affordable and flexible, with low fixed-rate premiums and specified coverage terms. Many of our companies offer instant approval over the phone depending on the amount of coverage you choose.

You have the option of converting term insurance into permanent insurance at any time while your coverage is in force. The premiums will be higher due to cash value and the guarantees associated with permanent insurance.If you choose to apply for a new term policy when your initial policy ends, your new premiums will be based on your current age and medical status. Insurance amounts range from $50,000 to $10,000,000.

Final Expense Life Insurance

Final expense life insurance, frequently called burial insurance, is designed to cover the costs of the policyholder’s death, including burial, cremation, final medical and legal bills, household expenses, etc. It is one of the best life insurance options for seniors. Insurance amounts range from $3,000 to $35,000.

Guaranteed Issue Life Insurance

In the past many people with very serious health ailments were not able to get life insurance. Guaranteed issue policies ask no medical questions; therefore, everyone is approved. Insurance amounts range from $2,000 to $25,000.

Universal Life Insurance

Universal life insurance is a great option for those looking for a flexible permanent plan. These policies are a combination of whole life and term insurance. You can adjust premium payments, borrow from the policy’s cash value and have flexibility with your death benefit. Insurance amounts start at $100,000 to $5,000,000.

Single Premium Life Insurance

These policies are fully funded in one single premium payment. Once the initial premium is paid the policy is paid in full. In return you would receive a death benefit that is guaranteed until you die. A single premium payment policy is permanent insurance with cash value that grows over time and can be borrowed against. Policy issue amounts are based on the amount of your initial deposit.

Long Term Care Insurance

Unlike traditional health insurance, long-term care insurance is designed to cover long term services including personal and custodial care. Many people can no longer care for themselves adequately as they age. Unfortunately, most of us have dealt with a parent or grand-parent needing some type of care. Someone turning 60 today has a 50% chance of needing long-term care services later in life. There are traditional policies available as well as new HYBRID policies to address the cost of care for our loved ones. Most consumers are not aware of the benefits that HYBRID long term care policies offer. Please call us if you need information on this type of insurance.