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What is Life Insurance?

Life insurance provides financial protection for your family in the event of your passing. Term life insurance offers coverage for a set period, making it a more affordable option for temporary needs. Unlike term life insurance, which only lasts for a specific period, permanent life insurance offers lifelong coverage and the opportunity to build cash value over time. This makes it an excellent choice for those looking for financial stability, wealth accumulation, and estate planning.
At Tes Financial Services, we understand the importance of securing your family’s future with a comprehensive life insurance policy. That’s why we partner with top-rated providers across the USA to offer a range of permanent life insurance solutions, including Whole Life Insurance and Indexed Universal Life Insurance (IUL). Whether you’re looking for guaranteed lifetime coverage, investment opportunities, or legacy planning, we have options tailored to your needs.

Different Types of Term Life Insurance We Offer

Term Life Insurance

Term life insurance offers coverage for a set period, paying a death benefit if the policyholder dies. It’s affordable, lacks cash value, and suits those raising children or paying a mortgage.

Decreasing Term Life Insurance

This policy provides decreasing coverage for temporary financial obligations, such as mortgages or loans, with affordable premiums tailored to your needs.

Decreasing Term Life Insurance

This policy provides decreasing coverage for temporary financial obligations, such as mortgages or loans, with affordable premiums tailored to your needs.

Renewable & Convertible Insurance

Renewable term life ensures uninterrupted coverage without a medical exam, while convertible term life allows switching to permanent insurance without health assessment.

Permanent Life Insurance

Permanent life insurance offers lifelong coverage with a cash value that grows over time. This cash value can be accessed through withdrawals or loans for financial flexibility. Our permanent life insurance options include

Whole Life Insurance

Whole life insurance offers lifelong protection with guaranteed premiums, death benefits, and a growing cash value. It’s ideal for those seeking stability, predictable returns, and estate planning benefits.

Indexed Universal Life Insurance (IUL)

IUL provides flexible premiums and death benefits, allowing policyholders to grow cash value linked to stock market index performance, offering the potential for higher returns with downside protection.

Final Expense Insurance

Final expense insurance, or burial insurance, covers end-of-life costs like funerals, medical bills, and debts. It offers smaller coverage amounts but provides peace of mind for policyholders and their families.

Guaranteed Universal Life Insurance (GUL)

GUL is a form of permanent life insurance that focuses on providing guaranteed death benefits with little to no cash value accumulation. It’s a cost-effective way to secure lifelong coverage without the complexities of investment-linked policies.

Need Help Choosing a Policy? We’re Here to Guide You!

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Benefits of Having A Life Insurance

Permanent Life Insurance

Living Benefits

Life insurance provides more than death benefits. Policies may include riders for illness, care, and disability protection.

Cash Value Growth

Permanent life insurance, such as Whole Life and IUL, builds cash value that can be used for loans or withdrawals.

Lifetime Protection

Permanent policies offer lifelong coverage, guaranteeing your loved ones receive financial support whenever you pass away, unlike term life.

Indexed Universal Life Insurance (IUL)

Protection

IUL policies provide lifelong coverage, ensuring beneficiaries receive a death benefit anytime, and offering lasting financial security for loved ones.

Growth Potential

IUL policies tie cash value growth to market indexes, providing higher returns than whole life, with a guaranteed minimum interest rate.

Flexible Premiums

IUL policies allow premium adjustments, letting you increase or decrease payments based on finances and giving you better control over planning.

Downside potential

IUL policies include a floor rate that shields your cash value from market losses. Even if the index drops, your policy won’t lose value, no matter how the market performs.

Product Providers

* Only Ethos offers coverage with no medical exam or blood test required. Most other insurance providers do require a medical exam or blood test as part of the application process.

Benefits Of Term Life Insurance

Simplicity

Affordability

Customizable Coverage Periods

LIVING BENEFITS

frequently asked questions

What’s the difference between term and whole life insurance?

Term life insurance provides coverage for a specific period; if no claim is made, coverage expires. Whole life insurance offers lifelong coverage with potential cash value accumulation.

Life insurance costs vary based on factors like coverage amount, term length, age, health, and tobacco use. Purchasing sooner locks in lower premiums, saving money over time.
A common method is to multiply your annual income by 10. Alternatively, calculate your financial obligations, and subtract your assets; the difference is the coverage gap life insurance should fill.
Life insurance can cover major expenses like mortgage payments, debts, tuition, and daily living costs. Beneficiaries receive a generally tax-free lump sum to use as needed.
Employer-sponsored life insurance typically covers 1-2 times your annual salary, which may be insufficient. If you leave your job, coverage usually ends. Consider an individual policy to supplement this.
Yes, insurance provides a 30-day free look period. If you cancel within this period, you’ll receive a full refund of the premiums paid. After 30 days, you can cancel anytime without fees.

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