Life Insurance

Life insurance can help alleviate many people’s worries about the financial well-being of their loved ones after they die. Vogel Insurance Group can help you select a life insurance policy for your specific needs. 

What Are the Types of Life Insurance?  

There are two main types of life insurance.  

Term life insurance provides money to your beneficiaries if you die during your term. This term could be a period of 10, 20, 30 or more years, depending on your policy’s expiration date. If you don’t die during this period, your policy won’t pay, and you must apply for a new policy to continue coverage.  

Whole life insurance lasts for the remainder of your life once you’ve enrolled, and your policy won’t expire unless you stop paying it. Whole life can also provide a cash value investment opportunity, a revenue source while you’re alive and the eventual death benefit.  

There are other types of life insurance coverage that people can choose. We can discuss if any of these may be a good option for you. These coverages include:  

• Final expense insurance 
• Group life insurance 
• Individual life insurance
• Key person insurance
• Long-term care insurance 
• Mortgage protection insurance 
• Second-to-die policy 
• Universal life insurance 

How Does Life Insurance Work? 

The first step in obtaining life insurance is to meet with your insurance agent, who can help you determine your specific needs. Your insurer may contact a third-party administrator to conduct a physical exam on you. After this exam, you are given your rates and can choose an appropriate policy.  

The cost of your policy premium is based on the policy you choose as well as your level of risk and current health. Life insurance policy terms can vary, but typically benefits are paid out upon your death. This money, known as a death benefit, is given to your named beneficiaries, who can use it as they see fit.  

Protect Your Loved Ones’ Financial Livelihood 

What you decide to do with your life insurance is personal; however, we can help guide your decision. 

For over 70 years, we have served the insurance needs of the Central Missouri community. We can give you peace of mind knowing your loved ones are financially taken care of after you die with appropriate life insurance coverage. Contact one of the Vogel Insurance Group locations to start your policy.