Dufault Insurance Agency’s No-Obligation Consultations on Life Insurance Policies

When you get in touch with us, we’ll gladly speak with you to clear up any confusion or concerns you may have about life insurance and the different insurers available. According to the information you provide us about your life situation, we can give you a quote over the phone, but it’s always best to set up an in-person consultation so that there are no details overlooked.

As certified life insurance strategists, our team can help you select the perfect coverage for your situation. Using our in-depth industry knowledge and advanced software, we’ll determine the coverage amount that we consider necessary and sufficient. Then, we’ll find you the best products for your needs from top-rated insurance carriers.

We guarantee that any personal information you share with us will remain strictly confidential, no matter what.

Compare Coverage and Life Insurance Companies

Every good financial plan should include life insurance. At Dufault Insurance Agency, we can connect you with a wide range of noteworthy life insurance companies with great coverage programs to suit every need.

The two primary kinds of life insurance coverage are the following:

Term Life Insurance

If you’re looking for an affordable life insurance option, term life insurance may be the best choice for you. With this coverage, you and your beneficiaries are covered for a specific period that you can set and adjust. Once this is in place, your insurance provider will pay out a benefit during this time, if applicable.

Whole Life Insurance

Whole life insurance is a bigger investment, but unlike term life insurance, it never runs out and is guaranteed to last an entire lifetime. Plus, this kind of policy can build in cash value over time as well, ensuring a death benefit to your beneficiaries.

Professional Assistance with Life Insurance Claims

The passing of a loved one is a difficult time for all. Still, it’s crucial to get in touch with us as soon as possible when the death of the insured individual occurs so that we can begin the claims process.

As the beneficiary, we’ll ask you some standard questions and request specific documentation. From there, we make sure to settle the claim quickly and fairly.

Individual Life Insurance

Solutions to ensure your loved ones have what they need.

Individual life insurance to suit your lifestyle.

You can't put a dollar amount on your family, but you can ensure their future is protected. We can't predict when the unexpected will happen, but we can help you prepare for it when it does.

The most important investment you can make for your family.

Individual life insurance is arguably the biggest investment you can make in your loved ones' security. It's a complicated field, but don't let that put you off. We'll be happy to talk you through the options.

Choosing between term, whole, and universal life insurance.

First, you'll need to determine the type of life insurance you want to buy, with the most common types being term life insurance, whole life insurance, and universal life insurance. Each has its own way of paying out, and the plan you choose can be best determined by your individual needs.

Providing for Your Family

Risk Factor

Raising a child can be a rewarding life experience, but it is also very expensive. It costs hundreds of thousands of dollars to raise a child to age 18, with college tuition, fees, room, and board resulting in another potentially enormous expense. If you were to die tomorrow, would funds be available to provide for food, clothing, day care, and educational expenses for your child?

Solution

Having life insurance could secure the future for your children if you have an untimely death. With a life insurance policy, there could be enough income to help pay for everything your child might need while growing up.

Mortgage Payments

Risk Factor

After your death, any outstanding debt and financial obligations do not disappear. Your home is probably the costliest and most significant property you own. A mortgage payment is a large burden for a spouse or partner to carry.

Solution

A life insurance policy would allow your spouse or children to pay off your outstanding debts and spare them the stress of making monthly payments on the home.

Auto Payments

Risk Factor

Many families lease or finance their automobiles these days. If the primary earner in the family were to die, the family could be left with outstanding car payments for years to come.

Solution

A life insurance policy would allow your spouse or children to pay off your outstanding debts and spare them the stress of making monthly payments on your car(s).

Funeral Costs

Risk Factor

An average funeral can cost tens of thousands of dollars, and that's without unnecessary options or luxurious services. A death in the family is stressful enough; why add the hefty bill of a funeral to that stress?

Solution

A life insurance policy can easily cover the cost of a funeral. Your family will be able to think of you and have peace of mind without being burdened by funeral costs.

Protecting Your Retirement Savings

Risk Factor

Once you retire, you will be living off social security, and if you are lucky to have them, a pension or retirement fund, too. But what if the surviving spouse has been relying on you to fund retirement for the couple? Premature death of an earner can affect sources of retirement benefits such as Social Security.

Solution

Life insurance can help support a surviving spouse during their retirement.

Protecting Your Small Business

Risk Factor

If you passed away, would your business suffer? There are many complications and financial issues that can arise due to the death of a business owner. Many people overlook this predicament.

Solution

A life insurance policy can keep a business moving along even during tough times, such as the loss of the business owner/partner. Key person life insurance is payable to the company and provides money for training and hiring of a new employee. A buy-sell agreement, funded by life insurance, allows the other partners in the business to buy the deceased's share of the business, which will provide money for his or her family.

Spousal Support / Income Replacement

Risk Factor

Many people mistakenly think that they don't need life insurance if they don't have children or if their children are grown. However, your financial responsibilities fall to your family when you are gone.

Solution

Life insurance can replace the income you would usually bring in and help support your spouse or adult children, ensuring your loved ones are able to maintain the lifestyle they're accustomed to.

What is term life insurance?

With term life insurance, you pay regular premiums for a set period and the policy only pays out if you die during this period.

What is whole life insurance?

With whole life insurance, there's no set period. You usually pay regular premiums until you die, at which point the policy pays out. Sometimes you have the option to take a lump sum back while you are still alive, but this will reduce the amount paid out when you die.

What is universal life insurance?

Universal life insurance works in a similar way to whole life insurance, but you have more flexibility about taking money early. You can even borrow money and repay it later; although, if there's any loan outstanding when you die, the policy's payout can be significantly affected.

What to consider before getting life insurance.

The premiums you pay depend heavily on your age and medical history, along with the amount you want the policy to pay out. So, it's important to seek expert advice before committing to life insurance.

Contact us and we'll walk you through the options and help you to determine if term life insurance, whole life insurance, or universal life insurance are right for you.