Life Insurance

Personal Insurance

Life Insurance

Available in all 50 states

Best prices from top-rated of carriers.
Call (877) 606-1375 today.

Whatever your situation, Bankers Insurance provides life insurance options to suit.  We will help determine how much coverage you need, obtain quotes, and present the best options.  All at no cost or obligation.

  • All major carriers
  • Lowest prices
  • Policies tailored to fit your situation and budget
  • “A” rated national insurance companies
  • Expertise with courteous service

 We Offer

  • Term Life
  • Universal Life
  • Annuities
  • Indexed Products
  • Fixed Index Universal Life Insurance

Newsletter Signup

We never share your information.  Unsubscribe any time.
At Bankers Insurance, the client is always in control.

Protect what matters most.

Bankers Insurance has the best rates available for Term, Universal, and Whole Life Insurance.  Each one of our clients is an individual, with different insurance needs.  We listen to you and quote only what you want.  We are contracted with the top insurance carriers.  We quote your life insurance and present only the best options.  Don’t go through the headache of shopping it yourself – that is why you have an independent insurance agent.

Life Insurance:

Life Insurance Quote Request

  Your information is secure.  We only use it to obtain quotes and never share.
Asterisk indicates a required field

Quote, Life, Individual
First
Last
City
State/Province
Zip/Postal
Check all that apply
Check all that apply
Include information you would like for us to know, or questions you have.
Sending

Life Insurance Options

Temporary

Term Life Insurance

Term Insurance can be loosely compared to auto insurance.  It is for a specific period of time only – 10, 20, 30, or 35 years in most cases.  Payments do not change or increase while coverage is in place.  As long as the insurance premiums are paid, coverage is in place.  When this life insurance coverage is no longer desired, simply stop paying the premiums or cancel the policy.

Pros:
  • Affordable:  This is the least expensive solution, especially for younger clients.
  • Specific Term Only:  You get coverage for when you need it.  Need coverage to protect your children while they are still at home?  This is a great option.  Need coverage for your mortgage?  This is a very affordable solution.
  • Level Payments:  Predictable, stable billing.  Payments can be monthly, quarterly, semi-annually, or yearly depending upon your desire.
  • Fixed Benefit:  The amount paid upon death is fixed and does not decrease (or increase) over time.
Cons:
  • Specific Term Only:  That’s right – a fixed time period of coverage can also be a con.  For example, if 20 years after you purchase the policy you need to extend coverage, you can’t.  You will need to obtain a new policy, at a higher rate since you are now older.  In the meantime should you have suffered an accident or developed a health issue, other coverage may not be available.
  • Less Payment Flexibility:  Although term life insurance is quite affordable (we’ve seen quotes for a healthy 30 year old as low as $85 per year for $100,000 in coverage), you must pay premiums on time.  Most policies have a grace period, but if payment isn’t made, it is cancelled.
Options:
  • Conversion:  Some policies allow you to convert to a permanent life insurance policy.  This option is typically available for a few years after the term policy is initially purchased only.
  • Paid up:  An option where you pay a larger amount up front and then nothing thereafter.  Coverage remains in effect until the end of the term.

  Permanent

Universal Life

Universal Life Insurance is a type of permanent life insurance.  As long as you continue to pay the premiums, it will always be in effect.  It provides more flexibility than term in several ways.

Universal has the ability to build cash value in the policy.  All premium payments that are above the cost of insurance are credited to the cash value in the policy.  That means that it can be structured to be “paid up” after a certain period of time.  The cash value earns interest on a tax deferred basis and the death benefit is left to loved ones tax free.  The policy owner can also borrow money from the cash value of the policy if needed.  These loans, if not paid back, are simply reduced from the death benefit at the time of the insured’s death.

With this type of life insurance, the policy owner may choose a flexible premium to meet their budget and/or choose a flexible death benefit which may be increased or decreased as desired.  In general, universal life is more expensive than term, more flexible than term, and less expensive than whole life.

Fixed Index Universal Life Insurance

Fixed Index Universal Life (FIUL) is a specific kind of universal life insurance.  It provides death benefit protection, but it accumulates cash value based on positive changes in an external index (S&P 500, for example).  That gives it greater accumulation potential than traditional universal life.  A cash value floor is built-in to ensure it will not decrease due to market volatility.  Thus, when the market goes up, the cash value increases.  When the market goes down, the cash value stays flat.  With FIUL the cash value is not directly invested in the market.

Whole Life Insurance

Whole Life is also a form of permanent life insurance and tends to be the most expensive.  It is similar to universal life but is less flexible.  The premiums do not change and it provides a guaranteed interest rate on the cash value.  With recent developments to universal life, whole life has become a less attractive option.  However, in some circumstances it is still the right choice.  Please Contact Us for details and information.

Why Bankers Insurance?

Anyone can be an order-taker.  Bankers Insurance is different.

We offer choices and expertise.  We don’t expect clients to be life insurance experts.  Take advantage of our expertise.  We can explain your options and help you determine the right coverages.

As your insurance agent, we strive to know you.   Only then can suggest the coverage that suits your specific needs.  We look for coverage gaps to help ensure complete protection.  With us, you get the benefit of: