Life Insurance

Why Life Insurance Matters

Life insurance is more than a payout — it’s a long-term commitment to your family’s future. It ensures that if something happens to you, the people who matter most are financially protected. Whether it's covering living expenses, replacing income, or leaving a legacy, life insurance offers certainty in uncertain times.

What Is Life Insurance?

Life insurance guarantees a tax-free payment — known as a death benefit — to your loved ones when you pass away. Some policies also grow cash value over time, which you can access while you're still living.

Explore the Two Main Types of Life Insurance

Term Life Insurance Simple. Affordable. Reliable for short-term needs.

Covers you for a set number of years — such as 10, 20, or 30 — with a guaranteed payout if something happens during the term.

Ideal for:

✅ Fixed premiums

✅ Level death benefit

✅ Option to convert to permanent coverage later

Permanent Life Insurance Lifelong protection — and more.

Permanent life insurance doesn’t expire as long as premiums are paid. Some options also accumulate cash value, offering flexibility during your lifetime.

Types include:

Note: Withdrawals will reduce your cash value and death benefit.

What to Know About Life Insurance Underwriting?

Before a policy is issued, insurers review your health history and risk profile — this is called underwriting.

At Heritage One, we simplify the process for eligible applicants. Some policies may skip labs and medical exams, offering decisions in as little as 24 hours.¹