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Life Insurance

Whether it's paying off your mortgage, sending your children to college, or providing for final expenses, you can begin planning with Town & Country Insurance and protect your family's future.

Types of Life Insurance Policies

Term Life

A type of life insurance policy that is not whole life or written to cover the whole remainder of the insured’s lifetime, but instead is written to cover only a period of time. Often that period of time is a set number of years, such as 1 year, 10 years or 20 years. At other times, the policy is written for a term that expires at a specified age, for example, when the insured turns 65.

Universal Life

A combination of monthly term life insurance plus possible savings in an arrangement that provides limited flexibility as to death benefits and premium payment.

Whole Life

A common type of life insurance coverage providing a face value death benefit for the entire or whole life of the insured.

Simplified Issue Life

This is a life insurance plan with minimal underwriting requirements. It is a good option for individuals who are looking for short-term needs such as debt obligations. Simplified Issue Life may also be a good option for individuals who do not want a large amount of coverage and do not want to go through the underwriting process.

Long-Term Care

Sold either on a group or individual basis, it pays for nursing home or home health care costs including room, board and medical expenses.

Disability Income

A form of coverage which provides benefits to employees disabled by sickness or accident not related to employment.

Critical Illness

Critical illness insurance is medical insurance that pays a lump-sum benefit upon diagnosis of a critical illness or condition. A critical illness insurance payout helps you avoid the financial strain a major illness can create so you can focus on your recovery.

Fixed Rate Annuities

An annuity is a contract between you and an insurance company, under which you make a lump-sum payment or series of payments. In return, the insurer agrees to make periodic payments to you beginning immediately or at some future date. Annuities typically offer tax-deferred growth of earnings and may include a death benefit that will pay your beneficiary a guaranteed minimum amount, such as your total purchase payments.

Group Life

Group life insurance programs designed to offer affordable coverage to a natural group, such as employees of an employer or members of an association and their families. A single contract is provided for the entire group which outlines the standard benefits, terms and provisions that apply to all members of the group. Normally the life insurance benefits offered are based on the compensation earned by the individual member. Most of the group life insurance programs also offer the members the ability to convert to other permanent, whole or term life products upon termination of employment. Individual certificates are usually issued to the members to verify that they are covered.

Group Accidental Death and Dismemberment

A specific type of life insurance policy that pays benefits in the case of the death or dismemberment of the insured from accidental causes. If dismemberment occurs, benefits are paid on a periodic basis, such as weekly, bi-weekly or monthly for the injury. The amount of the benefit payment is based on the type and severity of the dismemberment.

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