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What is life insurance?

Life insurance is a contract between you and a life insurance company. You agree to pay for the policy on a regular basis, and the insurer agrees to pay a sum of money to your beneficiaries if you die. Within those parameters are several types of life insurance.


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Common Types of Life Insurance

Most life insurance policies fall into one of two basic groups: term life and whole life (also called permanent life)



Provides protection for a specific, limited amount of time such as 10, 15, 20, 25, or 30 years; or to a maximum age, such as 80.

Typically provides no cash value but offers a lower premium.

Often provides protection for specific times of need, such as a mortgage or raising a family.

Designed to stay inforce for individual's entire life - normally to age 120.

Has a cash value that accumulates over the life of the policy.

Cash value can be accessed if needed for any reason, and can provide guaranteed income after retirement.

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of Americans think life insurance is necessary


of adults have some type of life insurance


of them do not have adequate coverage

Kinzel Benefits offer a wide variety of high-quality and fully customizable insurance packages and solutions for all of our client’s insurance needs. 
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