The importance of life insurance
Life insurance proceeds can be used for any number of purposes by your loved ones, including paying off debt, replacing lost income, funding education, providing time to grieve, and much more. Figuring out how much insurance is enough and what features to include can be confusing. At Scheff Insurance, we’ll explain your coverage, why it’s important, and help you find great rates by automatically comparing quotes from up to 20 top insurance companies. Contact us or get quotes to get started.
Coverage
Custom life insurance plans
Get a life insurance plan customized to meet your needs. There are many types of policies and coverage options. We’ll help you figure out what coverage to consider, what it means, and why it’s important.
Term Life
Low cost coverage that lasts for a specified term, like 10, 20, or 30 years.
Whole Life
Coverage that usually lasts until death or policy maturity at age 100. Includes a cash value component that earns interest.
Universal Life
Flexible policy that can include features of term and whole life. Can be structured to last for any length of time and may or may not include cash value.
Instant Issue Term Life
Term coverage that can be issued immediately, with no medical exams.
Return of Premium Term Life
Term coverage that returns the sum of premiums paid to the policy owner, if the policy expires without being used.
Child Term Rider
Term coverage can be added to your policy, covering your children.
And More
There are even more optional coverages that might be right for you.
Common questions
According to the IRS, proceeds received by a beneficiary due to the death of the insured person usually aren’t taxable but any interest earned is.