Life Insurance in Chicago, IL
Life insurance is an important financial tool that can ensure your loved ones are financially secure if something happens to you. In Chicago, Illinois, having life insurance can help cover essential expenses like mortgage payments, education costs and daily living expenses. At Express-Way Insurance & Tax Services, we offer personalized service and various life insurance options to fit your needs.
What Do Life Policies Cover? 
The policy’s death benefit is the primary purpose of life insurance. Your beneficiaries can apply to receive it upon your death.
Different life policies may offer additional features, including the following::
- Living benefits—Some policies may offer benefits you can use while still alive, such as accelerated death benefits for terminal illnesses.
- Cash value—Permanent life insurance policies, like whole life or universal life, accumulate cash value over time that you may be able to borrow against or withdraw.
- Final expenses coverage—This can cover funeral and burial costs, which can be a significant financial burden.
- Child rider—This can provide additional coverage for your children.
How Much Does This Cost?
The cost of life insurance depends on factors such as age, health, coverage amount and the type of policy. Premiums tend to increase as you age or if you have health risks, so it’s a good idea to secure a policy as soon as possible to lock in lower rates.
How This Works
Life insurance is a contract between you and an insurance company. In exchange for regular premium payments, the insurer may pay a death benefit to your beneficiaries when you pass away. There are various types of life insurance, including term life, which can provide coverage for a set period, and permanent life, which can offer lifelong coverage and may also include a cash value component.
Where to Buy Life Insurance
You can choose from a range of life insurance providers in Chicago, Illinois. At Express-Way Insurance & Tax Services, we offer reliable and robust life insurance solutions tailored to your needs. Protect your loved ones today—contact us to learn more.