Who this is for: Homeowners who want a mortgage covered, families who want to protect household income, people planning for final expenses, and people weighing permanent coverage.
Which type of life insurance fits you?
| Type | What it is | Often used for |
|---|---|---|
| Term life | Coverage for a set number of years | Mortgage protection; covering debts and income during working years |
| Whole life | Permanent coverage that builds cash value | Final expenses such as funeral and end-of-life costs |
| Living benefits rider | An add-on to some policies | Early access to part of the death benefit after a qualifying illness |
Features, costs and rider availability vary by carrier and policy.
Term life insurance
Term life insurance covers you for a set period of years. If you die during the term, the policy pays the death benefit to your beneficiaries. Term coverage is usually less expensive than permanent coverage for the same benefit amount, which is why people often use it to cover a specific obligation that ends, such as a mortgage.
Mortgage protection
Mortgage protection is term life insurance with an amount and length matched to your mortgage. If you die during the term, the death benefit can help your family pay off the remaining balance and stay in the home.
Whole life and final expense
Whole life insurance is permanent coverage. As long as the policy stays in force, it doesn't expire after a set term, and it builds cash value over time. A smaller whole life policy is often used for final expenses, such as a funeral and other end-of-life costs, so family members aren't left paying them.
Living benefits riders
Many of the life policies Dagan offers include living benefits riders. A living benefits rider can let you access part of the death benefit early, while you're alive, if you're diagnosed with a qualifying terminal, chronic or critical illness. Not every policy includes one, and the definitions, amounts and costs vary by carrier and policy, so confirm the rider terms with the carrier before you buy.
How Dagan compares life insurance
Dagan isn't tied to one life insurance company. He compares options from multiple carriers around a few questions: what the coverage needs to do, how long you need it, how much coverage makes sense, and which riders matter to you. Then he explains the differences between the quotes, so you can see why one policy fits better than another.
What to have ready for a quote
The amount of coverage you have in mind, how long you want coverage to last, details of any life insurance you already have, and basic health information, such as current medications. Dagan will tell you anything else the carrier needs.
Plan availability, benefits and costs vary by carrier, county and plan year.