Life Insurance from ADI Benefits
A life insurance policy is a legal agreement between you and an insurer that pays a specific sum of money to your beneficiary if you pass away.
When you arrange your life insurance through ADI Benefits, you know that we’re in your corner ready to advocate on your behalf, day or night. We deal with the insurance companies so you and your family don’t have to.
Term Life Insurance
Term Life insurance policies provide coverage for a pre-determined “term.” ADI Benefits offers term life insurance in 10, 20, 70 and 100-year products. Term life insurance pays a lump sum benefit if the insured person dies within that term.
Term life insurance usually offers the most coverage at the lowest initial premium for a set period of time. Term policies are typically renewable, and most can convert to a permanent policy so that you have coverage for the rest of your life. Term life insurance is an excellent alternative to mortgage insurance, for which premiums remain constant even though the benefit decreases as you pay down your loan.
Permanent Life Insurance
Permanent life insurance provides lifetime coverage as long as premiums are paid in full. ADI Benefits offers three kinds of permanent life insurance plans:
- T-100 offers protection to age 100, with premiums guaranteed not to increase. There is no cash value or savings element to the coverage, which makes it generally less expensive than other permanent life insurance products.
- Whole Life Insurance premiums do not usually change over the course of a policy and are payable until the death of the insured or for a specified period of time. Almost all whole life policies can include a cash value that grows over the life of the policy.
- Universal Life Insurance combines permanent protection with a tax-deferred investment account that pays the cost of the life insurance coverage. The premiums, less the expenses, go into a tax-deferred investment account.
Need help deciding what kind of life insurance is right for you and your family? That’s what we do best!