Life Insurance

What is life insurance?

Life insurance is a contract between a policyholder and an insurance company that requires the policyholder to pay routine premiums in exchange for a specific amount of money as a death benefit that is given to the policyholder’s beneficiaries. The money is paid once the policyholder has died or a certain amount of time has passed. A life insurance policy offers additional security by providing funds to cover expenses or to make up for the loss of income.

If you’re looking for a life insurance policy, we’ve got you covered. Contact us today for a life insurance quote to get the assurance that your loved ones are protected.

What do you need to start a life insurance policy quote?

  • Unresolved debt on things like a loan or mortgage, etc.
  • Information related to your medical condition(s), as well as basic health requirements such as weight, blood pressure, height, and cholesterol levels.
  • Employment and income.

How much does life insurance cost?

The cost of life insurance is determined by your personal situation. This includes things like your medical history, hobbies, and more. To learn more about a life insurance policy quote, view this article to find answers to your life insurance questions.

How much life insurance do I need?

Figuring out how much life insurance you need is not as difficult as it may seem. To see just how affordable life insurance can be, all you need to do is answer a few specific questions and do some basic math.

What are the different types of life insurance?

There are different types of life insurance policies that cater to various needs. Below you’ll find more information regarding term life, whole life, and universal life insurance.

Term Life Usually Covers:

  • A set amount of time
  • Supplemental income
  • Help with covering expenses
  • Eligibility for a No-Med Exam policy

Eligibility for a No-Med Exam policy means that you can avoid a medical exam and instead be asked detailed questions regarding your health, finances, and hobbies.

Whole or Universal Life Insurance Usually Cover:

  • Coverage for the entirety of your life, as long as policy requirements are fulfilled
  • Help with income replacement
  • Supplemental income
  • Estate planning assistance
  • Optional funds you can contribute additional money to that will expand over time

**It’s important to note that Universal Life premiums can fluctuate.

What is the best life insurance policy for me?

It’s up to you to determine the option that is best for you based on your specific situation. However, most people in the below groups select the following policies:

Term Life Insurance Policy:

  • Main provider
  • Stay at home parent
  • Business owners
  • Homeowners

Whole or Universal Life Insurance Policy:

  • Those who wish to leave funds to their survivors
  • High net worth individuals
  • Those who will cover their own funeral expenses

Why do you need life insurance?

Life insurance provides a long-term security net for the days ahead when your family will need it most, helping keep their financial future intact. Decide how much coverage you need and for how long, and we’ll help you find an affordable life insurance policy that is best for you and your loved ones. Visit our website to receive one of our life insurance quotes online or contact us at 217-854-2691 or 800-303-9255 to learn more.

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Wall Street Financial Group, Inc., an Illinois corporation, is a Registered Investment Adviser in the states of Illinois, Missouri, and Tennessee. Carl Zeidler and John Zeidler offer investment advice through Wall Street Financial Group, Inc.

We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives.

Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions.

Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. None of the information contained on this website shall constitute an offer to sell or solicit any offer to buy a security or any insurance product.

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