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Life Insurance

Get an instant quote and find out about other coverage options.

Why Should You Get Life Insurance?

Life insurance helps your loved ones be financially secure if you pass away. Start learning about your options, and discover how easy it is to get the financial protection you need the most. Just take a few seconds to fill in the blanks, and you’ll see how affordable a policy can be:

How Much Life Insurance Should You Get?

The amount of coverage you need highly depends on where you are in life and how many people rely on your income. Typically, the younger you are, the more coverage you’ll need to compensate for the years of potential wage-earning ahead of you.


The more people depend on you, the more coverage you may want for income replacement if you die. However, you don’t have to factor in taxes since almost all life insurance benefits are paid out as an income or tax-free lump sum.


Our brokers make certain coverage assumptions based primarily on the Human Life Value method. It’s a simple way of looking at your needs based on what you’re currently earning and what you expect to earn in the future. If you’re between the age range of 18 to 40, you multiply your current income by 30. As you get older and have fewer working years left, that multiple decreases based on this chart:

This is a rough estimation method, there are also other ways to evaluate your needs based on your income and final expense preferences.

What Are the Three Types of Life Insurance?

Term Life Insurance

This coverage typically lasts for 10, 15, 20, or 30 years. It’s also usually more affordable than permanent whole or universal life insurance. However, once your term ends, you’re no longer protected. You either have to apply for a new policy at a higher cost (because you’re older) or move forward without one.


However, AiDER INSURANCE GROUP can suggest other coverages that may let you transition to a permanent policy in the future or even receive a full premium refund at the end of the term. 

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Whole Life insurance

This is a permanent life insurance coverage that can provide guaranteed protection for the rest of your life while earning additional cash value that can be used for things like policy loans. Whole life policies don’t expire as long as your regular premiums are paid. Policies from a mutual life insurance company may also provide dividends that help you fund other financial opportunities.

Universal Life Insurance

Similar to whole life insurance, universal life insurance provides permanent protection and opportunities for an additional cash value. Universal life insurance offers flexibility of adjusting your monthly payments within a specific range to help you better deal with changing work circumstances. 

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