The need for Life Insurance varies with every individual but if you have an income the most likely answer is Yes. Life Insurance is designed to replace any loss of income for your loved ones at your death and can be used to pay off debts, pay your mortgage, burial cost, and estate planning.

While in your working years the general rule of thumb is to have 10-20x your after-tax income. This amount may vary depending on your age, number of dependents, and amount of debt. Accountant’s Insurance Direct is happy to do a free financial need analysis to help you determine how much life insurance you need.

Today applying for Life Insurance can be easy and may only entail a brief online application. Depending on the situation you may still need to complete a full application and a medical exam – it just depends.

Start Your Application Today

There are a variety of types of Life Insurance and no single policy type is best. The questions really is – What policy best suits your needs? We offer Term Insurance, Universal Life, Indexed Universal Life, Whole Life, Disability Insurance, Long-Term Care Insurance, and Annuities.

Generally, Life Insurance Death Benefits are paid out tax-free but premiums are not tax deductible. Please consult a tax professional for advice.

While the terms of every Disability Insurance policy vary, Disability Insurance is designed to supplement your income if you are injured or sick and no longer able to work.

Generally personal Disability Insurance premiums are paid with after-tax dollars but benefits are paid out tax-free. If you have a Group Disability Insurance policy, generally Employers will pay for the premium and deduct the cost of those premiums, but then the amount received by the Employee when disabled is treated as taxable income. Please consult a tax professional for advice.

Yes, if you have an existing Life Insurance policy you no longer need you may be able to sell the policy on the secondary market. Generally you need to be over the age of 65 for this to be an option.

Find out if you can Sell Your Life Insurance.