Life Insurance in Michigan
Emily is our licensed Life Insurance Agent. Go to our Life Insurance Page with Ethos to start a quote or reach out and we can review your options together.
Life insurance is important because it provides financial protection for your loved ones in the event of your death. It ensures that they have the financial resources to cover living expenses, pay off debts, and maintain their quality of life.
There are several types of life insurance:
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Term Life Insurance: Provides coverage for a specific period (e.g., 10, 20, or 30 years). It pays a death benefit if you pass away during the term. It's typically more affordable but has no cash value.
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Whole Life Insurance: Offers lifelong coverage with a cash value component that grows over time. Premiums are higher, but the policy provides both a death benefit and an opportunity to accumulate savings.
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Universal Life Insurance: A flexible permanent life insurance policy that combines a death benefit with a savings component. You can adjust the premium and death benefit over time.
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Variable Life Insurance: Similar to whole life but with more investment options for the cash value portion. The value of the policy can fluctuate based on the performance of investments.
