Life Insurance

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Life Insurance Information

Please Do NOT Procrastinate when it comes to protecting your family and business partners with life insurance.

There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance. 

Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

It's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your unique circumstances and financial goals.

But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional.

Life Insurance Calculator: How much life insurance do I need to have?

About Us

Platinum Insurance Group, LLC was founded in Sioux Falls, SD in 2014. We have over 15 years of experience in the insurance industry and take pride in our friendly and professional main street business.

Platinum Insurance Group, LLC is part of the Insurance Associates of America. We gain an advantage with our association membership over our competitors because we have the opportunity to represent numerous insurance companies.

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Get In Touch

 

4009 W. 49th Street, Ste 103
Sioux Falls, SD 57106

 

605.271.4446

 

855.636.7797

 

601 16th St. PMB 121
Golden, CO 80401

 

303.842.7613

 

855.636.7797

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