Life Insurance

Hoyng Insurance Group can help you choose the right Life Insurance for you. As your life changes from year to year, your life insurance can be there to protect your family and loved ones against unexpected changes. Your reason for life insurance may be to ease the financial burden after you're gone or to ensure your children’s futures. Whatever your reason, we’re here to help you achieve peace of mind with the right policy.

We Cover: Life Insurance, Long-Term Care

What is Life Insurance, and What Does It Cover?

Individual life insurance protects your loved ones financially after you die. As the policyholder, you will pay a recurring monthly premium to the insurance company, and if you die the insurer will pay out a tax-free sum to your loved ones. This sum, called the death benefit, can help your beneficiaries cover costs you leave behind such as a mortgage or auto loan. Your monthly payments will depend on your physical health, age, and hobbies, so people who have less risk in their lives typically pay less for life insurance.

Term Life Insurance

Term life insurance exists to protect your loved ones financially if you die within a certain amount of time. The policyholder (you) will pay monthly premiums during the set period, and this policy will only pay out if you die during this time. If you choose, you can upgrade to a more permanent solution later on.

Permanent Life Insurance

For people who purchase permanent life insurance, there is no set period to your coverage. Instead, permanent life insurance provides lifelong protection. With this type of policy, you pay regular premiums until you die, at which point the policy pays out to your beneficiaries.

Long-Term Care Insurance

Individual life insurance protects your loved ones financially after you die. As the policyholder, you will pay a recurring monthly premium to the insurance company, and if you die the insurer will pay out a tax-free sum to your loved ones. This sum, called the death benefit, can help your beneficiaries cover costs you leave behind such as a mortgage or auto loan. Your monthly payments will depend on your physical health, age, and hobbies, so people who have less risk in their lives typically pay less for life insurance.

Request a Life Insurance Quote

Choosing the right type of life insurance for you and your loved ones’ needs is a big decision. Contact us and we’ll walk you through your options to help you figure out whether permanent life insurance, term life insurance, and/or long-term care is right for you.

Contact Us

To learn more about our services or to ask for a quote, please call 515-331-0005