Life insurance often offers more than what initially meets the eye. It provides a death benefit should the insured pass away while under the policy coverage. However, just beneath the surface, it often provides additional value. Here are some hidden benefits Indianapolis, IN residents can discover with life insurance from Irvington Insurance.

Cash Value

Permanent life insurance often includes a savings element, building equity over time.

Accidental Death Benefit

Many life insurance policies will pay a multiple of the death benefit if the insured’s death occurs by accidental means.

Waiver of Premium

Life insurance policies often include a waiver of premium benefit that covers premium payments should the owner become disabled. This can help keep a policy in force during a difficult time.

Guaranteed Insurability

Some life insurance policies include provisions allowing an insured to secure additional coverage regardless of health or physical conditions that may change.

Tax Advantages

Life insurance policy benefits are generally non-taxable. This means the benefits go directly to the beneficiary without going through probate or being subject to income taxes.

Now is the Time

Life insurance premiums are usually less expensive when you are younger and healthy. This makes now the best time to secure coverage.

Contact Irvington Insurance Today

There may be more to life insurance than you think. We encourage those in the Indianapolis, IN area to contact us at Irvington Insurance. We are here to answer your questions and get you started. The more you know, the more you may appreciate the benefits of life insurance. We are here to help.