Colorado Life Insurance
Life insurance is an excellent way to help prepare for life’s unforeseen moments. Whether you’re looking for coverage for a specific period of time or lifelong protection, with the correct life insurance coverage, you can relax knowing that your loved ones will be taken care of, no matter what the future holds.
How does life insurance work?
Life insurance provides financial protection for your loved ones. You pay a monthly or annual premium to an insurance company, and in return, the insurance company agrees to pay out a sum of money to your beneficiary if you die while your policy is active.
Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured. The insurance company promises a death benefit in consideration of the payment of premium by the insured.
Common Types of Life Insurance
There are several different types of life insurance products available – the most common include:
Term Life Insurance - provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. The advantage of term life insurance is the low cost.
Whole Life Insurance - a popular type of permanent life insurance, meaning your coverage will be active your entire life as long as you continue to pay the premiums. Whole Life Insurance offers the strongest guarantees of any life insurance plan.
Universal Life Insurance - a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage. The advantage of universal life insurance is flexibility to increase, decrease or even suspend payments.
What are the best life insurance companies for Colorado residents?
According to a recent article in US News, the top 10 life insurance companies are:
What type of life insurance is best for you?
Let us do the shopping for you. As an independent insurance broker in Littleton, CO, we can compare the top life insurance providers in Colorado and guide you on choosing the best plan. Give us a call to discuss the best option for you. (303) 934-8230
Have more questions? Check out our Life Insurance FAQs
“Mike Dowling has been a pleasure to work with. I have been going to Mike for years now for all of my insurance needs. Not only was he able to find the best policy for my needs but he was able to get me the best price. I went to Mike in 2014 for my insurance and he was able to save me a few hundred bucks a year. I highly recommend talking with Mike to see what he can do for you. He is professional, responds quickly, and takes care of me.”
Great Frontier Insurance Agency
7156 S Newland St.
Littleton, CO 80128
(303) 934-8230
Serving these areas:
South Denver
Littleton
Highlands Ranch
Lakewood
