Life Insurance

Serving Downers Grove, Chicago, Westmont, Naperville, Aurora, Skokie, Evanston, Schaumburg

 

Your family is your responsibility and your life, and there’s nothing better than watching them succeed and sharing in their ambitions, dreams, and conquests. But should something unexpected happen to you, you’ll want to be prepared for providing the assurance your family needs to keep their futures safe and sound. At Primar Insurance Brokers, we’ll work with you to keep your family protected in the event of your untimely death. 
 
A proper Life Insurance policy can give you reassurance knowing that your finances and beneficiaries are secure – from temporary to permanent coverage. At Primar Insurance Brokers, we understand that as things in your life change, so will your financial and insurance needs. That’s why it’s important to review your Life Insurance options with a specialist you can trust. 
 
Whatever your situation, we offer Life Insurance options, such as: 

Why Life Insurance? 

A life insurance policy is a legally binding agreement between you and your insurer that guarantees your chosen beneficiaries will receive death benefits after you pass away. It protects your family from financial hardship associated with your passing and can even provide lost income to family members who depend on your annual salary for financial stability.

What Types of Life Insurance Are There?  

There are two primary types of life insurance: term life insurance and whole life insurance. Term life insurance is generally cheaper than whole life insurance, but whole life insurance will protect you for your entire life. Here’s what you should know about these policies: 

• Term life insurance provides coverage for a set period of time, or “term,” such as 10, 15 or 30 years. At the end of that term, your dependents will no longer receive death benefits when you die.
• Whole life insurance provides coverage for your entire life. As long as you continue to make monthly payments, your family will receive death benefits when you die. This policy also allows you to accrue wealth by borrowing against or withdrawing money from your life insurance policy.  

Finding the right insurance policy can be challenging. We’re here to help. Contact Primar Insurance Brokers and get all of your insurance questions answered today.

How Much Life Insurance Do I Need? 

The amount of life insurance coverage you need will depend on what you’re looking to get out of your insurance policy. There is no one-size-fits-all formula. If you’re close to retirement age with several grown children, you may be looking for a policy that pays for your funeral expenses and burial fees. If you have young children, you may want a policy that can pay for their college tuition or pay off your home's mortgage. 

When deciding how much coverage to purchase, it can be helpful to think about income replacement for your annual salary, the cost to replace services you provide (e.g., housework, childcare) and any outstanding loans or payments that could be left for your family to pay off if you die unexpectedly.  

Our insurance agents are here to help you work through possible scenarios and decide how much life insurance you need.  

Protect what matters most in your life with a policy from Primar Insurance Brokers.  

Primar Insurance Brokers provides quality Life Insurance solutions for clients near Downers Grove, Chicago, Aurora, Westmont, Hinsdale, and Oak Brook.  
 
As your situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs.