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Illinois Life Insurance

While it may be difficult to imagine, it’s important to prepare in advance for a time when you may no longer be around. You have worked so hard for everything you have and a proper life insurance policy will protect your loved ones and your assets when you have passed on.

 

Whether you’re a young professional starting a family or a veteran business executive preparing to retire, life insurance can offer you many options. Our dedicated team can find the right plan or mixture of plans – for your specific needs.

 

For Illinois residents, there are two main types of life insurance: term and whole. Here’s how they compare:

 

Term Life Insurance Basics:

  • Coverage for a “term” or period of your life.
  • Lower premiums for higher coverage.
  • Rates can change after specific terms expire.
  • No equity – cannot be used as cash value.

 

Whole Life Insurance Basics:

  • Exactly like it says – permanent, not for a specific period.
  • Protection carries with you your whole life.
  • Can build equity and have cash value.
  • Higher premiums than term life, but can be more valuable in the long run.

 

Term and Whole Life Combined:

  • Build a lifelong base of whole life coverage.
  • Supplement specific times of your life with term insurance.

 

Determining the appropriate type of life insurance can become an overwhelming task, but you’ll feel at ease when you work with Handzel. We will personalize your life insurance to fit your needs and make sure you’re happy with your coverage. Give us a call today at 773-725-6767 to learn more.

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