Individual Life Insurance Coverage
Life insurance from Kimberley Vassal Coe & Weimer Insurance Services (KVCW) can help secure your family’s financial future by providing essential protection when it matters most. The right policy can offer funds to cover burial expenses, outstanding medical bills, mortgage balances, existing debts, and help your loved ones maintain their standard of living during a difficult time.
There are a variety of life insurance products available, and choosing the right one depends on your unique needs and financial goals. Life insurance products are constantly evolving, and our team is here to guide you with up-to-date information and personalized options tailored to your stage of life.
Term Life Insurance
Term Life Insurance is an affordable way to provide substantial protection for a specific period—typically between 5 and 20 years. If the insured passes away during the term, the policy pays a death benefit to the beneficiaries. If the term ends while the insured is still living, the coverage expires with no payout. Premiums remain fixed throughout the selected term, making it a predictable and cost-effective solution for temporary needs like paying off a mortgage or funding education.
Universal Life Insurance
Universal Life Insurance offers flexibility in both premium payments and death benefits. You can adjust your coverage and payments as your financial situation changes. Part of your premium covers the cost of insurance, while the rest goes toward a savings component that earns interest based on market rates. This type of policy can adapt with you over time, offering both protection and a potential source of cash value.
Whole Life Insurance
Whole Life Insurance provides lifelong protection, combining a fixed premium with a guaranteed death benefit and a cash value component that grows over time. The accumulated cash value can be used for a variety of living benefits, such as supplementing retirement income, funding education, or providing collateral for loans. It also offers the option of surrendering the policy for its cash value, should your needs change.
