Life Insurance
“We deliver peace of mind to you and your loved ones – call us today!”
Provider of Life Insurance Services in Topeka, Kansas
There are some things you can’t prevent in life, but you can be prepared. When it comes to life insurance, there is no one-size-fits-all. A life insurance policy helps you and your loved ones against the unexpected.
GamePlan Financial offers simple and low-cost life insurance solutions. We get rid of the complicated enrollment process to allow you to choose from multiple life insurance companies. We want to help you find the perfect policy for your needs and budget.
There are two main kinds of life insurance: term life insurance and permanent life insurance.
Term Life Insurance
Term life insurance lasts for a predetermined amount of time. If the insured person passes away within the policy term, the beneficiaries receive the death benefit. If the term passes and the insured person is still alive, no one will benefit from the policy.
After the term lapses, the policyholder can choose to renew the policy, though this usually involves a new application, review period, and premium.
Permanent Life Insurance
Unlike term life insurance, permanent life insurance is valid for the rest of the insured person’s life, as long as the premiums are paid.
A big difference between permanent life insurance and term life insurance is that a portion of a permanent life insurance policy premium can be invested. This cash value has the ability to grow over time.
Policy holders may also have the ability to access cash value through loans or withdrawals. Outstanding loans and withdrawals will reduce policy cash values and the death benefit and may have tax consequences.
Should You Get Life Insurance?
A very common question is whether it’s necessary to get a life insurance policy, especially if you’re young and healthy. The truth is, no one knows how long they could live. The goal of a life insurance policy is to support your family during what will be a stressful and traumatic time.
You need to consider getting a life insurance policy if the following situations apply to you:
You have a spouse or domestic partner.
If you have any joint debts with a spouse or a partner, for instance, a mortgage, then the other person is still liable for paying off the entire balance even if you pass away. If your spouse or partner is unable to pay the mortgage with you gone, then they can lose their home or have their assets seized. A life insurance policy financially protects your surviving loved ones when they can no longer depend on your income after you pass away.
You have a business or student loan.
Let’s say you don’t have a joint debt. However, certain types of debts don’t go away when you die. When you own a business with debts or have outstanding student loans, then your next kin could be on the hook to pay these off when you pass away. Having a life insurance policy will contribute to settling your outstanding debts so that your loved ones don’t have to.
You have children or dependents.
The cost of raising a child can cost hundreds of thousands of dollars, and that’s not including college costs. If something happens to you while your children are young, a life insurance policy can help support them until they become financially independent.
If your children or dependents are minors, then your life insurance beneficiary can be the surviving partner or another trusted guardian who can financially support your children.
You are paying for funeral costs.
Even if you’re young and debt-free, funeral costs today don’t come cheap. Without a life insurance policy, your surviving family would need to find a way to pay for these costs on short notice. When you have a life insurance policy, it can help cover the costs of your funeral, giving your loved ones the comfort of knowing during what will already be a tough time for them.
Life Insurance Services You Can Trust
When it comes to life insurance plans in Kansas City, GamePlan Financial provides personalized insurance solutions for your needs. We have trusted advisors for thousands of individuals and businesses.
At GamePlan Financial, we serve our clients by educating them on our products and services that are appropriate for their needs. We maintain long-term and personal relationships built on trust and confidentiality.
We provide our clients with the comfort of knowing they have a life insurance policy that can help protect their families and loved ones.
We know how hard it is to look for an insurance policy that meets your needs. You have a multitude of options in front of you, each one promising better rates and coverage than the other.
Our team can help you sort through the various insurance policies to find the right one for you. Most importantly, we get to know you and your specific needs before presenting you with policy options.
Get Insured Now
At GamePlan Financial, our motto is to never cut coverage for the cost. This means that when we discuss your policy options, we’ll find the one that fits you, your lifestyle, and your budget perfectly. We put our client’s interests first, so we’ll be honest with you about what policies you need and why.
A proper life insurance policy can give you the comfort of knowing that your finances and beneficiaries are secure- from temporary to permanent coverage. We understand that as life changes, so will your financial and insurance needs. That’s why it’s important to review your life insurance policy with a company you can trust.
Call Us Today!
If you are interested in creating holistic financial planning for you, we encourage you to give us a call to schedule a no-obligation, initial consultation with us. Call us today to learn more about our financial planning services.
GamePlan Financial proudly serves all families and individuals in Topeka, Kansas, and the surrounding areas.