Protect your financial future with term life insurance or universal life insurance. Our experienced Chicago insurance professionals are here to help you find the best combination of coverage and cost for your life situation.
Protect your financial future with term life insurance or universal life insurance. Our experienced Chicago insurance professionals are here to help you find the best combination of coverage and cost for your life situation.
Life insurance is a contract between the policyholder (that would be you) and an insurer that guarantees the payment of a death benefit to beneficiaries when the policyholder dies, in exchange for premiums. There are two main types of life insurance policies: term life insurance (which expires after a certain number of years) or permanent life insurance (which remain active until the insured dies or stops paying premiums).
If your death would have a negative financial impact on someone else, you should have life insurance coverage. Typically, that means that you are:
Your life insurance policy should protect the biggest costs in your life, like a mortgage or your kids’ college tuition. At Liberty Insurance Agency, we make sure to match your life insurance coverage to your unique situation, so that you know that your loved ones will receive the funds they need when they need them.
Many people think that the life insurance they have through their employer is enough. But in most cases, the life insurance policy you get at work doesn’t actually belong to you. That means that if you lose your job, you lose your coverage. And if that happens, life insurance is likely the last thing you’re thinking about replacing.
Maybe you’ve thought about buying a life insurance policy before but put it off until later. This is a dangerous game; by the time “later” arrives, you may have developed a health condition that increases your rate so much that you can’t afford it, or worse – disqualifies you from life insurance coverage altogether. The best time to get a life insurance policy is when you are young and healthy, when you can lock in a low rate.
Since life insurance policies are in place for years and years before being paid out, your policy is only as good as the financial strength of the insurer. If your insurer can’t pay out your policy, it does you no good! That’s why Liberty Insurance Agency is proud to work with Midland National Life Insurance, which has been in business for over 120 years and has an A+ rating for insurer financial strength from S&P Global Ratings. You can trust Liberty Insurance Agency and Midland National Life Insurance to remain committed to protecting you and your family for the lifetime of your policy.
Discover your options by visiting your local neighborhood consultants at any of our five convenient locations around Chicagoland. When you work with us, you can expect:
Liberty Insurance Agency, Inc. is a subsidiary of Liberty Bank for Savings. Insurance products and services are not bank products or services nor are they FDIC insured or insured by any federal government agency. They are not a deposit or obligation of or guaranteed by Liberty Bank and may involve investment risk, including possible loss of principal. Applicants are individually underwritten and some individuals may not qualify.
