Life Insurance Quotes Michigan

It is essential for everyone to have a life insurance policy in place. Buying a life insurance policy can be confusing, so it is helpful to ask some questions before making a purchase. You should know exactly what your policy includes and how it will provide for your loved ones after your death. Once you have an understanding of it you can better review life insurance quotes in Michigan.

Whole Life vs. Term Life Insurance

There are two main types of life insurance policies. Whole life insurance, also called permanent life insurance, is designed to remain in place for many years. You will make regular payments into the policy and over time it will start to collect value. Your payments go towards both your death benefit as well as investment. The value of your investment portion increases over time. As long as you continue to pay your policy premiums, your insurance policy will continue.

Term life insurance covers an individual over a specific length of time. The term of the policy may be 10 years, 15 years, or any specified time period. If the insured person dies during the term of the policy, the beneficiary receives the specific death benefit that is specified in the policy. This information is necessary to understand as you choose between life insurance quotes in Michigan.

Life Insurance Policy Beneficiary

The beneficiary of a life insurance policy is designated by the policy holder. The beneficiary is the person who is entitled to receive the death benefit payment if the insured person dies. It is important to note that a beneficiary can be a trust, an estate, or a business if you choose.

It is understandable that your life circumstances change over time. Therefore, as the insured policy owner you are able to make changes to the beneficiary of your life insurance policy. You should do so in writing according to the guidelines of your specific policy. Keep your beneficiary up to date to ensure that your death benefit is provided to the correct party.

Cash Value of a Life Insurance Policy

Some types of insurance policies accumulate a cash value over the life of the policy. Once your policy has reached a particular value it may be possible to borrow money against it. You should refer to the details of your policy because each one may be different. Your insurance company will provide you with information about the cash value and will provide you with the steps you can take if you wish to take any steps to borrow against it. Cash value is part of the comparisons that can be made when you review life insurance quotes in Rochester Hills, Mi.

Choosing a life insurance policy can be complicated. Before you make a decision about it you should obtain life insurance quotes in Michigan.. You can obtain a secure life insurance quote in under ten minutes. Our knowledgeable agents will be happy to assist you with any questions you may have.  

Life Insurance Quotes Michigan
Life Insurance Quotes Michigan
17613 hall rd, Macomb, MI 48044

View Larger Map


Based on 1985 reviews

11 hours ago

Great Life Insurance

Very easy and fast process. Highly Recommend.

Sheila - Macomb MI
1 day ago

Very Caring and Patient

The agents at are very caring, patient, and helpful through the entire process.

Vince - Rochester Hills MI
2 days ago

Helpful & Easy

They made it easy to buy life insurance. Shopping all the best rates and walking me through the process.

Kristin - Sterling Heights MI