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Individual Life Insurance from GMG Insurance

Part of a complete financial portfolio is life insurance. There are many kinds of life insurance, each geared to assist with different needs. That’s why it’s important to have a professional agent assess your overall financial plan and give you options best suited to your income, lifestyle and objectives.

GMG Insurance doesn’t just sell products. We help our clients manage their assets, using the fundamentals of growth and protection. We provide a full range of coverages across the region and work with individuals and families of all ages, sizes and incomes.

The Advantages of Term Life

Term life insurance is often the least expensive option, but it is also a comprehensive solution for those who have large financial protection needs but only for a limited time. It is often used by young families as the starting point for their financial plan. Term life plans allow you to choose the length of the policy’s life—often up to age 65 or as low as five years. They also provide options for benefits: Some give opportunities to increase coverage at certain points during the policy’s term; others pre-set a scheduled decline in benefits as you age. Each option has its own effect on premium prices, so they should be considered in light of their costs and benefits.

Term life is widely used to ensure that dependents will have an income should the primary earner die prematurely. Benefits can be used to pay the mortgage or other bills or finance college for children, among many other things. The benefits proceeds can even be placed into a trust for the controlled use by beneficiaries.

Whole Life As an Asset Builder

Permanent life insurance, or whole life insurance, lasts longer than term life (usually) and can build cash value. There are multiple kinds of whole life policies that your GMG Insurance agent will discuss with you. Some are straightforward—you pay at certain intervals and are promised a set level of payout when the insured dies. Others are more flexible, allowing you to determine how your policy premiums are invested and how much risk you are willing to take to get a higher return from your policy.

Such products can be complicated and are better bought with the advice of a professional agent like those at GMG Insurance. We will help you determine a suitable life insurance plan that works well with your other insurance coverages and investments.

We see life insurance as part of an overall financial plan.

Turn to GMG Insurance for personalized attention on managing your assets and securing products that accommodate your lifestyle, now and as it changes over time. Contact us at (215) 497-9240; (800) 540-7900; or email at