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Utah Life Insurance Quote
Click on a type of life insurance below to receive a free quote
For life insurance in other states, click here.
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What's the Difference?
Term Life Insurance
Term life insurance is simply pure life insurance. It provides protection for a pre-determined period of time, usually from 1 to 30 years. Common Terms are 10, 20, and 30 years.
Term life insurance policies are the most affordable type of life insurance. Many Utah residents use term life insurance to accomplish specific goals such as;
- Paying off a mortgage in the event of the insured's death.
- Providing income replacement for the surviving spouse, so they can focus on raising the couple's children.
- Creating an immediate college fund for the insured's children, in the event that the insured isn't there to provide financial assistance.
- Creating an immediate final expense fund to pay for funeral services and other final arrangements.
- Paying off student loans if the insured dies prematurely, protecting the insured's spouse or other family members from bearing the burden of paying them off.
- Paying off auto loans, credit cards, and unsecured debts in the event of the insured's death.
Because term life insurance is pure life insurance, and does not build cash value, it is relatively inexpensive compared to permanent insurance.
Permanent Life Insurance (Universal Life, Variable Life, & Whole Life)
Permanent life insurance provides long term financial protection. Depending on what type of policy is used, permanent policies can build cash value, allowing the insured to borrow from the policy, or use the cash value to pay the life insurance premiums.
One advantage of a permanent life insurance policy, is that the death benefit can last much longer than 30 years. In fact, some permanent life insurance policies allow the insured to purchase a guaranteed death benefit, guaranteeing that the policy won't lapse until a certain age (often age 100, 105, or 121).
Because permanent life insurance carries a savings element, premiums are more expensive than term life policies.
Click the type of insurance you are interested in to receive free Utah life insurance quotes. By requesting a quote, you will receive free Utah life insurance quotes from one or many of the top rated carriers in Utah.
Term Life
Insurance
Permanent Life Insurance
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This Utah insurance website was created and is maintained by Jared Balis, an independent Utah insurance agent.
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