Life Insurance

As your life changes, so can your life insurance needs. Its important to make sure you have enough life insure to take care of your loved ones. Lighthouse Insurance knows how important it is to plan for your future and the future of your family. Our agents are caring and knowledgeable to help you determine your families need and choose the policy best suited for you.

How Much Life Insurance Do I Need?

Your Lighthouse Insurance agent will work with you to determine your need and help you choose the amount of coverage to allow your family and loved ones to continue the life you envision for them.

Before you meet with us, collect the following items:

  • Retirement Plans
  • Outstanding Debts (mortgage, college loans, etc.)
  • College Plans (if you have children and want to leave money for college tuition)
  • Other Life Insurance policies

You may also use our interactive Life Insurance Calculator to help you determine how much Life Insurance coverage you need. Once you have completed the calculator, print the results and give us a call to discuss your Life Insurance needs.

Types of Life Insurance

Permanent Life Insurance

Also known as whole life or universal life insurance, permanent life insurance provides coverage for your entire life and builds cash value.

Policy Features:

  • Guaranteed life insurance protection that will not decrease.
  • Guaranteed cash value that can be borrowed against for future opportunities.
  • Options for a wide range of ages including whole life for ages 0 - 85 and 20-Pay Life for ages 0 - 70.

Our whole life insurance policies can help you meet a variety of needs including: funding children’s education, payment of medical bills, final expenses and estate settlements, financial support for dependents and supplemental retirement income.

Term Life Insurance

A popular form of life insurance, Term Life allows you to purchase large amounts of protection at affordable rates. Term insurance is ideal for protecting your mortgage, providing replacement income or funding college for a child in the event of premature death.

Policy Features:

  • Term Coverage to age 95
  • Rate classifications by issue age, coverage amount and tobacco use
  • Select from a 10, 15, 20 or 30-year guaranteed level premium period

You may also choose to combined term and permanent life insurance policies for customized protection for your family.

Retirement Planning

Why us for your retirement planning? Our business is also to help people save money for retirement. With so many different retirement savings plan options — 401(k), annuities, Traditional Individual Retirement Accounts (IRA’s) and Roth IRA’s — it can be a little overwhelming trying to decide which plan is right for you. No matter how far along you are in your financial planning, we can help. Some of the things we offer:

  • Traditional and Roth IRAs with a variety of payout options
  • Rollover or transfer options in case you want to move all or part of your retirement savings into an annuity
  • CD-type of annuity with a guaranteed, tax-deferred interest rate for 3, 5 or 7 years, depending on the term you choose

An annuity is still the only financial instrument that allows you to set up a guaranteed income stream that you cannot outlive.