UPNIN INSURANCE
  • Home
  • About
    • Core Values
    • Insurance Carriers
    • Careers
    • Products >
      • Motor Vehicles >
        • Auto Insurance
        • ATV Insurance
        • Roadside Assistance
        • RV Insurance
      • Business >
        • Business Insurance
        • Business Owners Package (BOP)
        • Internet Security Insurance
        • Insurance Bonds
        • Key Person Policy
        • Group Benefits
        • Workers Compensation
      • Health >
        • Health Insurance
        • Critical Illness Insurance
        • Dental Insurance
        • Long Term Care Insurance
        • Medicare Supplement Coverage
        • Vision Insurance
      • Life/ Financial >
        • Life Insurance
        • Annuities
        • Disability Insurance
        • Final Expense Insurance
        • Financial Planning
      • Property >
        • Home Insurance
        • Condo Insurance
        • Earthquake Insurance
        • Flood Insurance
        • Landlords Insurance
        • Renters Insurance
      • Other >
        • Boat Insurance
        • Umbrella Insurance
        • Wedding Insurance
  • Quotes
    • Auto Quotes >
      • Auto Quote
      • Classic Car Insurance Quote
      • Motorcycle Insurance Quote
      • RV Insurance Quote
    • Business Quote >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Apartment Statement of Value
      • Builders Risk Application
      • Child Care Application
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Roofers Supplemental
      • Oil & Gas
      • Workers Compensation Quote
    • Health >
      • Health Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Medicare Supplement Coverage Quote
      • Vision Insurance Quote
    • Life & Financial Quote >
      • Life Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Property Quotes >
      • Homeowner Insurance Quote
      • Condo Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlord Insurance Quote
      • Renters Insurance Quote
    • Other Quotes >
      • ATV Insurance Quote
      • Boat Insurance Quote
      • Event Insurance Quote
      • Non Profit
      • Roadside Assistance Quote
      • Umbrella Insurance Quote
      • Travel Insurance Quote
      • Wedding Insurance Quote
  • Service
    • Report A Claim
    • Make A Payment
    • Update Contact Info
    • Change My Policy
    • Proof of Insurance
    • Online Documents
    • Free Consulation
    • Common Insurance Terms
  • Agents
    • Custom Websites
    • Client Support
    • FAQs
    • Agent Login
  • Contact Us

What is Life Insurance?

A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death.

Typically, life insurance is chosen based on the needs and goals of the owner. Term life insurance generally provides protection for a set period of time, while permanent insurance, such as whole and universal life, provides lifetime coverage. It's important to note that death benefits from all types of life insurance are generally income tax-free.

There are many varieties of life insurance. Some of the more common types are discussed below.
Term life insuranceTerm life insurance is designed to provide financial protection for a specific period of time, such as 10 or 20 years. With traditional term insurance, the premium payment amount stays the same for the coverage period you select. After that period, policies may offer continued coverage, usually at a substantially higher premium payment rate. Term life insurance is generally less expensive than permanent life insurance.

Needs it helps meet: Term life insurance proceeds can be used to replace lost potential income during working years. This can provide a safety net for your beneficiaries and can also help ensure the family's financial goals will still be met—goals like paying off a mortgage, keeping a business running, and paying for college.
​
It's important to note that, although term life can be used to replace lost potential income, life insurance benefits are paid at one time in a lump sum, not in regular payments like paychecks.
Get Life Insurance Quote Now

Core Values
​Careers
INSURANCE
​
Auto Quote
Business Quote
​Health Quote
Life Insurance Quote
CONTACT US
Email Us


Privacy Policy
Agent Login
UPNIN Copyright © 2020
Designed & Maintained by UPNIN.com
  • Home
  • About
    • Core Values
    • Insurance Carriers
    • Careers
    • Products >
      • Motor Vehicles >
        • Auto Insurance
        • ATV Insurance
        • Roadside Assistance
        • RV Insurance
      • Business >
        • Business Insurance
        • Business Owners Package (BOP)
        • Internet Security Insurance
        • Insurance Bonds
        • Key Person Policy
        • Group Benefits
        • Workers Compensation
      • Health >
        • Health Insurance
        • Critical Illness Insurance
        • Dental Insurance
        • Long Term Care Insurance
        • Medicare Supplement Coverage
        • Vision Insurance
      • Life/ Financial >
        • Life Insurance
        • Annuities
        • Disability Insurance
        • Final Expense Insurance
        • Financial Planning
      • Property >
        • Home Insurance
        • Condo Insurance
        • Earthquake Insurance
        • Flood Insurance
        • Landlords Insurance
        • Renters Insurance
      • Other >
        • Boat Insurance
        • Umbrella Insurance
        • Wedding Insurance
  • Quotes
    • Auto Quotes >
      • Auto Quote
      • Classic Car Insurance Quote
      • Motorcycle Insurance Quote
      • RV Insurance Quote
    • Business Quote >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Apartment Statement of Value
      • Builders Risk Application
      • Child Care Application
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Roofers Supplemental
      • Oil & Gas
      • Workers Compensation Quote
    • Health >
      • Health Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Medicare Supplement Coverage Quote
      • Vision Insurance Quote
    • Life & Financial Quote >
      • Life Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Property Quotes >
      • Homeowner Insurance Quote
      • Condo Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlord Insurance Quote
      • Renters Insurance Quote
    • Other Quotes >
      • ATV Insurance Quote
      • Boat Insurance Quote
      • Event Insurance Quote
      • Non Profit
      • Roadside Assistance Quote
      • Umbrella Insurance Quote
      • Travel Insurance Quote
      • Wedding Insurance Quote
  • Service
    • Report A Claim
    • Make A Payment
    • Update Contact Info
    • Change My Policy
    • Proof of Insurance
    • Online Documents
    • Free Consulation
    • Common Insurance Terms
  • Agents
    • Custom Websites
    • Client Support
    • FAQs
    • Agent Login
  • Contact Us