Life Insurance
At Rowell Insurance Services, we believe protecting what matters most includes preparing for the unexpected. Life insurance is one of the most important ways you can safeguard your family’s future — ensuring they’re financially secure even if you’re no longer there to provide for them.
If someone depends on your income, life insurance gives them the support they may need most after your passing. From funeral expenses to mortgage payments and college tuition, the right life insurance policy can help cover the costs your loved ones might otherwise struggle to afford.
A life insurance policy can help your beneficiaries:
- Pay for funeral and final expenses
- Cover remaining mortgage or debts
- Support your children’s care and education
- Contribute to their financial stability or retirement
- Maintain their lifestyle and replace lost income
We’ll guide you through affordable term life policies, long-term permanent coverage, or a customized solution that meets your family’s needs and your budget — all while giving you peace of mind.
What is a Life Insurance Policy?
Life insurance is a contract that pays a tax-free sum of money to your chosen beneficiaries when you pass away. It’s designed to help ease the financial burden on your family and provide stability during a difficult time. Once in place and fully funded, the policy stays active until your death.
How Much Life Insurance Do I Need?
Everyone’s situation is different, but a common rule of thumb is to purchase a policy worth 5–10 times your annual income. Think about any large expenses your family may face, like paying off debt, covering future college costs, or maintaining household bills. We’ll help you find the right amount to make sure your family isn’t left with financial stress.
Types of Life Insurance:
- Term Life Insurance
The most affordable option, term life covers you for a set number of years (such as 10, 20, or 30). It’s a great choice for temporary needs — like while your kids are young or while you have a mortgage — but it does not build cash value. - Whole Life Insurance
A traditional form of permanent coverage that lasts your entire life, with fixed premiums and a guaranteed cash value component. It’s more costly up front but provides long-term value and stability. - Universal Life Insurance
Offers lifelong protection with more flexibility than whole life. You can adjust premiums and coverage amounts, and it builds cash value with potential for growth. However, it may come with higher fees or rising costs later on. - Variable Life Insurance
This permanent policy allows you to invest the cash value portion in market-based options. While it offers growth potential, it also comes with investment risk and no cash value guarantees.
Which Policy Is Right for Me?
That depends on your age, income, goals, and stage of life — but you don’t have to figure it out alone. We’ll walk you through your options and provide a free, personalized quote based on what matters most to you and your family.
Let’s make sure your loved ones are protected, no matter what the future holds. Contact Rowell Insurance Services today to get started.
