Life Insurance in Chicago, IL
Life insurance is an agreement in which you pay premiums to an insurance company in exchange for a sum that your beneficiaries may claim after your death. It’s a practical way to obtain financial security for your loved ones.
What Are the Benefits of Life Insurance?
Your life insurance policy may provide essential benefits, such as: 
- Providing income replacement for your loved ones
- Covering outstanding debts, such as loans or mortgages
- Funding future expenses, like college tuition
- Helping with final expenses and estate planning
What Type of Life Insurance Do I Need?
Choosing a life insurance policy depends on various factors, including your goals and how long you want coverage. Here are the two main types:
- Term life insurance may provide coverage for a set number of years. It’s often the go-to option for people who want coverage for a particular period of time, like while raising kids or paying off a mortgage. If the term ends and you’re still around, the policy typically expires.
- Permanent life insurance may stay active provided you keep paying the premiums. It can also build cash value over time, which you can borrow against or invest. It’s beneficial for people who want permanent coverage with a savings-like feature.
To determine which type of life insurance is appropriate for your situation, consider your age, income, debts and how long someone might rely on you financially. For more guidance, consult an agent from Ensured Advantaged.
How Our Agency Can Support You
The team at Ensured Advantaged helps families in Illinois and throughout much of the country secure life insurance. Our agents can assess your needs, discuss options and help customize your policy. Contact us today to get started.