Who it's for
- Parents and anyone with people who depend on their income
- Homeowners who want to help their family keep up with a mortgage
- Couples planning for each other's financial security
- People who want to help cover final expenses
What it covers
A life insurance policy pays a benefit to the beneficiaries you choose. Families often use it to help with:
- Replacing lost income
- Mortgage or rent and everyday living costs
- Debts and final expenses
- Future costs like a child's education
Key things to know
Term life
Covers you for a set period, such as 10, 20, or 30 years. It's often the most budget-friendly way to get a larger amount of coverage during the years your family relies on you most.
Permanent life (whole and universal)
Designed to last your lifetime as long as premiums are paid, and may build cash value over time. Premiums are usually higher than term for the same benefit.
Final expense coverage
Smaller permanent policies intended to help with funeral and end-of-life costs.
Health and age affect pricing
Premiums are generally based on factors like age, health, and coverage amount. Some policies require a medical exam and others don't.
Review your beneficiaries
Keep your beneficiary designations current after life events like marriage, divorce, or a new child.
Frequently asked questions
How much life insurance do I need?
It depends on your income, debts, and goals for your family. Hollen can walk through a simple needs review with you.
Is life insurance through work enough?
Job-based coverage can be helpful, but it may be limited and may not follow you if you leave the job.
Do I need a medical exam?
Not always. Some policies are available without an exam, while others use one to set pricing.
This page is general educational information, not a guarantee of coverage, eligibility, or cost. Benefits, availability, and rules vary by plan, carrier, and state. Contact Hollen for details on specific plans.