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Life Insurance for Illinois

Term Life Insurance, Whole Life Insurance, Universal Life Insurance, Variable Life Insurance, Survivorship Insurance… the list and combinations seem endless. Do you know which Life Insurance policy type is right for you? At Langlois Insurance Agency we can help. Our dedicated team of Life Insurance professionals understand Illinois’s market and regulations and can find the right plan – or mixture of plans – for your specific needs.

What is Term Life Insurance?

  • Insurance protection for any term or period of your life.
  • Lower premiums for higher insurance protection.
  • Rates can change following specific terms.
  • Equity cannot be used as cash value.

What is Permanent Life Insurance?

  • Exactly like it says  - permanent, not for a given time period. 
  • Protection carries with you your entire life.
  • Plan that can build up equity and have cash value.
  • Higher premiums than term life, but should be more beneficial in the long term.

Can I combine Term Life with Permanent Life Insurance?  Yes!

  • Develop constant base of Whole Life Insurance coverage.
  • Supplement specific periods of your life with Term Insurance coverage.

When should I choose Term Life Insurance?

Most people choosing Term Life Insurance have a tactic for long term assets and want detailed insurance coverage for any time of their life to look after debt, loved ones, or young children. For the homeowner with children, it may make sense to use a Term Life policy to cover the mortgage and income requirements until their children are old enough to make a living for themselves.  Therefore, the term would run out around the time your children move out and are no longer dependents.

When should I choose Whole Life Insurance?

Whole Life Insurance can be used at the retirement years as an income resource. It can offer equity meant for loans and also have agreed payments that do not rise with time. Many times Whole Life Insurance policies can pay dividends - although not all the time.

With so many possibilities, a lot of us find ourselves overcome when they receive a Life Insurance estimate. Let one of Langlois Insurance Agency’s Life Insurance professionals put together the best Life Insurance policy for you. For further information on Life Insurance, call Langlois Insurance Agency at 800-914-1296 or complete our web application above for a FREE Life Insurance Quote Today!

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