LIFE INSURANCE
If Someone Depends on You, Life Insurance Makes Total Sense
Life Insurance: Protecting What Matters Most
We’ll help you:
✔️ Get clear about your need for life insurance.
✔️ Determine how much life insurance you need and your budget.
✔️Analyze which type of life insurance is best for you: Term, Return of Premium, Index Universal Life, Whole Life, and Universal Life.
✔️ Take you through the application process.
✔️ Deliver the policy.
✔️ Yearly follow up to make sure your insurance needs are being met.
Life insurance isn’t just about money—it’s about providing security for the people you love. Whether you’re protecting your family, securing your business, or planning for the future, we help you choose the right type and amount of coverage to fit your unique needs.
At TWP Financial & Insurance Services, we guide you through the process so you can have peace of mind knowing your loved ones will be taken care of—no matter what happens.
FAQ
Who should have life insurance?
If anyone depends on you financially—a spouse, child, aging parent, business partner, or even a charitable cause—life insurance is a smart way to protect them. It provides a tax-free lump sum to cover financial needs after you’re gone.
What can life insurance help pay for?
✔ Replacing lost income to support your family
✔ Funding a child’s education
✔ Paying off household debts and mortgages
✔ Covering funeral and related expenses
What are the types of life insurance?
There are two main types:
✔️ Permanent Life Insurance – Covers you for life and builds cash value that can be borrowed against or withdrawn.
✔️ Term Life Insurance – Provides coverage for a set period (10, 20, or 30 years) with lower premiums but no cash value.
Not sure which is right for you? We can help you compare options based on your needs and budget.
Why choose permanent life insurance?
Whole life or permanent life insurance provides coverage for your entire life, with:
✔ Tax-free death benefits for your beneficiaries
✔ Cash value accumulation you can use during your lifetime
✔ The ability to borrow against your policy if needed
Why choose term life insurance?
Term life insurance is affordable and simple, providing:
✔ Lower premiums compared to permanent life insurance
✔ Coverage for a specific period (1 to 30 years)
✔ The option to convert to permanent coverage later on
How much life insurance do I need?
Many experts recommend 10 times your annual income—but coverage should be based on your family’s specific needs. We help you determine the right amount so you’re fully covered without overpaying.
Do most people have enough life insurance?
Not always. In fact:
- 40% of Americans have no life insurance at all
- Most insured Americans only have 3.5x their annual income in coverage—far below expert recommendations
- Many people rely on employer-provided life insurance, which disappears if they lose or change jobs