Life insurance is a safety net for your family to help them continue to support themselves should you pass away.
A life insurance policy pays out a certain amount of money (which you set when you buy the policy) to your beneficiaries if you pass away. It’s a simple way you can continue providing for your family financially if you’re not there to do so.
Two common types of Life Insurance
There are two common types of life insurance. “Term” life insurance and “Permanent” life insurance. “Term” insurance is what ValoraLife can provide for your family. Both of our options can cover you for either 20 or 30 years. Term life insurance pays your beneficiaries if you pass away while the policy is active. And it costs less than “Permanent” life insurance. “Permanent” life insurance provides coverage for a lifetime rather than for a term length. However, because permanent life insurance provides lifetime coverage, rather than a term length, it can be much more expensive.
We offer you and your family two simple options. ValoraLife Term is a straightforward Term policy, like the one described above. ValoraLife Term Plus is a Term policy with a return of premium feature that pays back everything you paid into it if you outlive the term you selected.*
*Less policy fees, any Policy Debt, and substandard premiums (if applicable).
How we determine the cost of your policy
- Your gender, current health and age
- Your lifestyle
- The amount you want to insure yourself for
A 44-year old in average health who wants $500,000 worth of insurance is going to pay more than a 28-year old in excellent health who wants the same amount of life insurance.