Life insurance
Life insurance basics
Life insurance provides a death benefit that is paid to your beneficiaries after your death. These funds can be used to pay for end of life expenses, pay off debts, replace lost income, or for many other reasons. Many, but not all, types of life insurance require an application and medical exam in order to qualify.
Businesses and business owners can also benefit from life insurance. Policies can be used as a tool for succession planning, key person insurance, to secure a loan and more.
Life insurance coverage options
Term life
Coverage that pays a death benefit to your beneficiaries if you die during the coverage term. May also include additional living benefits as an option. Ideal for insureds that want relatively inexpensive coverage for a defined period of time.
Whole life
Coverage that provides permanent death benefit coverage for the life of the insured. Additionally contains a savings component in which cash value may accumulate. Ideal for insureds that are considering long term estate planning, need to support a lifelong dependent, or want lifelong coverage.
Guaranteed issue life
Coverage that does not require a medical exam in order to qualify. Ideal for insureds that don’t need high coverage limits and may not qualify for traditional policies.
Why use Fudge for life insurance?
The life insurance team at Fudge Insurance will help guide you to the coverage that best fits your needs. Our salespeople are non-commissioned so you know they have your best interests at heart.
Request a quote today!
We would be happy to quote your life insurance needs.
