From providing you with reliable Illinois auto insurance, home and business coverage, we are prepared and awaiting the chance to take it to the next level by insuring your most valuable commodity, your life.
We know that finding the right Illinois life insurance program can get confusing—and even a bit overwhelming at times. From having to weigh the pros and cons of term life insurance versus whole, universal and variable and beyond—it’s easy to get lost amongst the terminology and coverage differences.
That’s exactly why we at Mars Insurance want to be more than just your insurance provider, we want to be your trusted coverage ally and friend. By helping you navigate your way through one of the most crucial policy decisions you will ever have to make in your lifetime; we vow to secure you a tailored Illinois life insurance plan you can rely on.
Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… the list and combinations seem endless. At Mars Insurance we want to help you determine which Illinois life insurance policy type is right for you! Our dedicated team of life insurance experts understands ’s market and regulations and can find the right plan – or mixture of options – that fit your individual needs.
Term Life Insurance Basics:
Whole Life Insurance Basics:
Term and Whole Life Combined:
When to choose term life?
Most people choosing term life have a strategy for long term net worth. They need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it may make more sense to have a term life policy that covers the mortgage and living requirements until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.
When to choose whole life?
Whole life can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Often times whole life policies will pay dividends - although not always.
With a variety of alternatives and policy possibilities it’s understandable that you may feel a bit anxious. But remember, life insurance is all about you, and you are certainly worth insuring!
Give us a call and let one of our expert life insurance specialists get you started on the right path. Contact Mars Insurance for more information and get a free Illinois life insurance quote today!