Life Insurance
Did you know the average North American funeral ranges from $7,000 to $10,000? Life Insurance can help cover these costs and other ongoing expenses for your employees’ loved ones.
Life insurance coverage is a vital benefit for your company to offer. Give your employees the coverage they deserve through InSource.
60%
of all people in the U.S. had life insurance coverage in 2018
Why Offer Employees Life Insurance?
To attract and retain quality workers, it’s crucial that businesses offer life insurance policies. Our dedicated team members help you choose a policy that best fits the profile and budget of your company and your employees.
Life insurance policies protect families and loved ones in the event of a death. Proceeds from your life insurance policy can help cover final costs and provide your family the resources needed to continue meeting financial obligations well into the future. We offer numerous coverage options from selected insurance companies specializing in term, whole, and universal life insurance coverage.
What Is Term vs. Whole Life Insurance?
Term Life Insurance only applies for a specified period, or term, and only covers death benefits. Often, these policies become significantly more expensive with age. Many companies offer these policies as a way to supplement permanent plans. Whole life insurance, also known as permanent life insurance, differs because it doesn’t have an expiration date.
To obtain this insurance, employees must take a physical examination. Payouts from these plans cover death benefits and offer cash value accumulation. This accumulation can also be drawn from during the life of the policy. Although these plans have higher premiums, they can sustain a high value over many years.
Why Trust InSource?
You can trust our team because they have the training to create a life insurance policy to meet your company’s unique needs and budget. We are proud to provide quality life insurance with locations in Midland, Odessa, and Lubbock, TX, and staff throughout the state and the country. We have employees who are licensed to sell and service insurance products in almost every state. Our experience and size have helped us develop relationships with many providers that specialize in offering life insurance.
Insurance for Life
Our team members have the passion and dedication to ensure your employees’ families will be taken care of no matter what.
Insurance Experts
Protect your business with the right insurance through InSource Insurance Group.
