RMG GROUP Insurance

Term life insurance

Whole life insurance

Term life insurance usually offers more affordable payments than permanent life insurance.

Whole life insurance

A whole life policy features fixed premiums and a cash value component that you may be able to borrow against over time.

Universal life insurance

A universal life insurance policy offers the flexibility to change your premium payments and death benefit amount as your needs change.

Final expense insurance

Universal life insurance

Also known as burial insurance, final expense insurance covers funeral costs, hospital bills, and related expenses. It doesn't require a medical exam either.

LIFE INSURANCE BENEFITS

Mortgage debt

Life insurance can help your family pay off the mortgage on your home - which is essential if they''ve depended on you to cover the monthly mortgage payments.

College tuition

Whether your children are already in college or it's years away, it's crucial to factor in the costs associated with tuition and other educational expenses when choosing a life insurance plan.

End-of-life expenses

Final expense insurance is designed to cover funeral costs and other related expenses, such as cremation, interment, medical bills, and other outstanding bills.

Everyday expenses

A life insurance payout can help your family with day-to-day expenses, such as utility and grocery bills, credit card balances, and daycare costs.

What life insurance policy is right for me?

Speaking on coverage, experts recommend carry life insurance that is 10 to 15 times your annual inco

Consider a 10-year term if you're looking to supplement another policy, are close to retiring, or your finances are tight, but you want to provide your family some protection.

Consider a 20-year term if you've started a family, or plan to soon, to provide a financial safeguard for your children until they reach the age of 18.

Consider a 30-year term if you don't have children, or you have a child with special needs who will rely on your care even after they become an adult. Also, if you're carrying a mortgage or are the primary breadwinner, this may be the right option for you.

Consider a permanent policy if you prefer ongoing coverage, as well as the option to withdraw or borrow against your policy's built-up cash value.

Keep in mind that a permanent life policy will cost more than a term life policy. Also, the longer a term life policy lasts, the more you'll pay. Learn more about how much life insurance costs.