Life Insurance Quote Forms
Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.
Life Insurance Information
Life Insurance in Naperville, Plainfield, & Aurora Illinois
It’s never too early to start planning your financial legacy by investing in a quality life insurance policy. This type of policy serves as financial protection that will offer your loved ones the support they need when you pass away.
PA Skarr, Inc. offers quality life insurance solutions to residents of Naperville and greater Chicago. We’re a small business that prides itself on taking a personalized approach to every client’s insurance needs. To get a policy today, call us at 630-355-8080 or request your free quote now!
What Is Life Insurance?
Life insurance can provide your loved ones with financial support following your death. Even if you aren’t around to provide for your family, life insurance can help ensure they still have the money they need to recover financially moving forward.
Upon your death, your life insurance policy can pay a sum of money—a death benefit—to someone you have designated as your beneficiary. The beneficiary might use the money to pay off debts, cover a mortgage, fund a child’s education or meet any number of other obligations. In most cases, you may be able to choose both the value of the death benefit and the beneficiaries. This may vary by insurer and policy, so be sure to talk to your agent to confirm.
What Are the Types of Life Insurance?
There are two primary types of life insurance:
Term life insurance—A term life policy provides a death benefit if you die during the policy’s term. The term is a period of years (10, 20, 30, etc.) and the end of the term is essentially an expiration date. If you do not die during the term, the policy does not pay. You will have to reapply for a new policy if you want to continue to have coverage when the term ends.
Permanent life insurance—Permanent life policies—sometimes called whole life plans—will not expire unless you stop paying for them. Some permanent plans also offer cash value investment funds. The cash value fund can enable you to receive a source of income during your lifetime.
Several more specific policies also exist, including:
- Universal life insurance
- Final expense insurance
- Group life insurance
- Key person insurance
- Mortgage protection insurance
- Second-to-die policies
Speak to one of our agents to learn more about which type of policy is best for your needs.
How Much Life Insurance Do I Need?
The type and amount of life insurance you need will vary based on your lifestyle and your future projected needs. For example:
- If you want a policy for a specific reason—such as to pay for a child’s education—a term life policy might be best for you. If you do die before your child graduates, this policy will pay for their tuition and other expenses. Otherwise, you can let the policy lapse at the end of the term.
- Many people tie the value of their life insurance policies to the value of their debts (e.g., mortgages and car payments). If you die while these debts are outstanding, then your beneficiary can use the money to settle expenses.
- Some people choose a death benefit based on a certain number of years’ worth of their paychecks. So, if you were to take your current paycheck and multiply it by ten, then your death benefit will provide ten years’ worth of income to your family.
How Much Does Life Insurance Cost?
Various factors such as your age, overall health, income and the size of the death benefit you choose could influence the cost of your life insurance policy.
Many people worry about the cost of their policy, particularly if they have preexisting health conditions or other challenges that might make them harder to insure. Your PA Skarr
agent will consider all of these factors when working with you, and we can help ensure that you still get the right coverage at affordable rates.
to learn more about life insurance or request a free quote
Other insurance products we offer