Wieben Insurance Services

Life Insurance......

Life insurance replaces the financial contribution made by a person who has died unexpectedly.

Wieben Insurance Services can help you secure your family's financial future by providing the funds they need to: cover burial expenses, uninsured medical bills, pay off your mortgage and other outstanding debts, take care of your business and maintain a comfortable standard of living.

That means you should carry coverage on yourself if others rely on you, and carry coverage on anyone you rely on. Important people to consider could be your partner, spouse, parent, child, or business associate.

There are a variety of life insurance products that we can provide. The kind of policy you choose depends on your needs:

Term Life

Term Life Insurance is a low-cost way of providing maximum coverage for your family. Term insurance premiums will not increase during the guaranteed policy time period (term) you select. Term life does not have accumulated cash value. Accumulated cash value generally is the distinction between term life and whole life or universal life insurance.

Term insurance generally provides the largest insurance protection for your premium dollar. Term life insurance is a very straight forward financial product, it pays a death benefit if you die during the time the policy exists and it expires without value if the insured lives beyond the policy period.

Universal Life

Universal life insurance provides lifetime death benefit protection and flexibility to give you choices as your needs and finances change. Depending on the premium you choose to pay, a universal life insurance policy may accumulate tax-deferred cash value, which you may access as a benefit while you are living. Universal life provides you with death benefit protection along with options and features to meet your changing needs. It's life insurance for your lifetime.

Whole Life

As the name implies, whole life is meant to insure someone for their whole life from the date of policy issue to the date of the insured's death, provided that premiums are paid. Premiums are set at the time of policy issue the premium and death benefit are fixed and remain level for the policy's life. Unlike term insurance, whole life combines insurance protection and savings or cash value which builds over time. Cash value build-up may provide a source for living benefits, for example, helping pay off a mortgage, or a child's education, or cash surrender value if the policy is ever cancelled.

As you can see, there are a number of options available and there isn’t a single right answer for everyone and every situation. These products are continually changing and we can provide you with the latest information so you can be sure to get an insurance policy that’s right for you.