Purchasing life insurance is one of the most important financial moves you can make. The coverage from this type of policy protects your family from financially worrisome situations if you are not there to provide for their needs. When you work with an independent agent, you can get the protection your family needs for less.
One of the most important decisions you need to make is what type of insurance is right for your situation. The biggest factor to consider is time.
- With whole life insurance, the individual is covered for their entire lifetime. This type of policy allows you to borrow from it over your life, too. It can even be a part of your estate plan.
- Term life insurance is in place for a set amount of time. This type of policy is less expensive but provides your family with financial protection when it is most at risk, such as when you have a mortgage to pay and dependents relying on your income.
There are other options to take into consideration. Child life insurance policies provide financial aid to cover medical costs for the death of a child. Other options include accident death, critical illness, long-term care policies, final expense coverage, and disability insurance. Any can be a good investment for you.
To ensure you get the right type of policy as well as the most affordable option, discuss your needs with an independent agent. You can get a comparative quote for policies available to you right away. You are not getting a quote from just one insurance provider, though. Rather, you'll receive a quote from numerous local providers through your agent so you can compare your options. That way, you get the best policy for your needs and your budget.
Getting started can feel overwhelming.
Getting started is the hardest part when developing a financial strategy for the future. Before you begin, you may have questions or concerns like:
How can I take care of my family if I pass away unexpectedly?
I want to pass on an inheritance, but I don’t know where to start.
I’m worried I won’t be able to afford my future healthcare expenses.
Will I have enough to retire the way I’d like to?
Am I missing out on potential financial opportunities?
You’re in the right place.
You’re not alone in feeling overwhelmed. These questions and concerns cause some of the most finance-related worry for American consumers.1
But you’re already in the right place. Life insurance through Midland National can do more than you’d expect: replace lost income, pass on an inheritance, supplement retirement income, provide protection while you’re living, plus so much more.
The life insurance solution.
Midland National has been helping find solutions for clients just like you for over 100 years.
Protect your family
You want to ensure your family is financially protected in case one of you were to pass away. You and your spouse each apply for life insurance, allowing your family to continue their current lifestyle if the unexpected were to happen.
Retire when you want to
You’re closing the gap to retirement age—but your retirement account isn’t quite as close. You apply for life insurance and your agent sets up your policy in a way that can help supplement your retirement income down the road.
Leave a legacy while covering medical needs
You want to pass along an inheritance while also preparing for future medical expenses. Death benefit protection, coupled with living benefits offered through life insurance, could help you achieve both.1
Prepare for life’s uncertainties.
You wonder if your emergency fund is reaching its full potential. Your agent suggests applying for a life insurance policy that provides death benefit protection, earns cash value, and still allows you to access funds later in life if the need arises.2