Expertise.com

Best Life Insurance Companies in Indianapolis

Laurels
2023
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Life Insurance Companies FAQs

Learn more
FREE

Expertise.com Concierge

Let us do the work for you!

Share your needs with our Concierge team, and they'll book you with our best available top-ranked service providers!

A-1 Insurance logo
Visit WebsiteWebsite

License Verified:

License: 2775460

Indiana Department of Insurance

A-1 Insurance

Visit WebsiteWebsite
2929 East 96th Street, Indianapolis, IN 46240
  • Individual Plans

Business Description

A-1 Insurance is an independent life insurance agency that assists individuals, businesses, and families in Indianapolis and its surrounding areas. For more than 35 years, it has assisted clients with finding and purchasing life insurance plans that provide coverage for their specific needs. The agency represents more than 25 known life insurance agencies. The company's two of the most common life insurance plans are term life and permanent life insurance. Clients may also request a quote through the company's website.

License Verified:

License: 2775460

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (21)
Facebook
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
A-1 Insurance Agency logo
Visit WebsiteWebsite

A-1 Insurance Agency

Visit WebsiteWebsite
4030 S Emerson Ave Ste E, Indianapolis, IN 46203

Business Description

A-1 Insurance Agency is active in the Indianapolis metro area and provides life insurance services to families, who it has served for over 35 years. Its agents look through a multitude of quotes to find the ideal match for each client's budget and the amount of coverage that they want. A-1 Insurance Agency also provides commercial health insurance services, providing options to employers who want to structure employee benefits packages and reduce financial risk.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (8)
Yelp
3.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
AOG Group logo
Visit WebsiteWebsite

License Verified:

License: 3412573

Indiana Department of Insurance

AOG Group

Visit WebsiteWebsite
4705 East 96th Street, Indianapolis, IN 46240
  • Multiple Carriers
  • Multiple Policy Types

Business Description

Allstate Insurance Agency: AOG Group has years of experience offering life insurance policies in Indianapolis. The agency reviews coverages and limits, helps clients realize substantial savings, and assists with the filing of claims. Other policies cover homes, automobiles, motorcycles, boats, ATVs, and businesses. The company has also provided charity work for Second Helpings, an organization preparing and distributing food for thousands of adults and children. A client has praised the agency's team for its responsiveness and guidance.

License Verified:

License: 3412573

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (74)
Facebook
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Associated Insurance Agencies Inc. logo
Visit WebsiteWebsite

License Verified:

License: 390149

Indiana Department of Insurance

Associated Insurance Agencies Inc.

Visit WebsiteWebsite
8355 Rockville Road Suite A, Indianapolis, IN 46234
  • Life Insurance
  • Health Insurance

Business Description

Associated Insurance Agencies, Inc., is an Indianapolis-based company that serves clients in the local metro and in nearby locations. Its products help individuals and families secure a loved one's inheritance, savings, and final expenses in the event of an illness, disability, or death from accidental or natural causes. Its consultants employ a communicative approach when assisting clients in determining their available options, whether they are term or whole-life policies. Each of the company's products is supported by carriers like UnitedHealthcare, Anthem, and CNA Surety.

License Verified:

License: 390149

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Breneman Insurance Group logo
Visit WebsiteWebsite

License Verified:

License: 562558

Indiana Department of Insurance

Breneman Insurance Group

Visit WebsiteWebsite
5329 S Emerson Avenue Suite A, Indianapolis, IN 46237
  • Life Insurance

Business Description

Breneman Insurance Group is a locally owned and independent agency serving people in Indianapolis and its nearby areas. Its team works with a range of life insurance carriers to protect plan holders' families and finances. The company helps clients make informed decisions regarding life insurance. It also has policies for valuable possessions, covering accidental damage to jewelry. Customers can select rental property, auto, home, special event, excess liability, and secondary home insurance.

License Verified:

License: 562558

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (28)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Butler Insurance logo

Butler Insurance

10765 Allisonville Rd, Fishers, IN 46038

Business Description

Butler Insurance serves clients throughout the Indianapolis metro area and offers comprehensive life insurance services, helping clients to provision for concerns related to final expenses, outstanding debts, income replacement, and caretaker needs. This agency sells whole and term as well as universal life insurance policies, and it's especially experienced with private life insurance options. Butler Insurance partners with dozens of insurance carriers so that clients can enjoy a diverse selection of potential policies.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Facebook
5.0 / 5 (1)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Capitol Insurance & Risk Management Group logo
Visit WebsiteWebsite

Capitol Insurance & Risk Management Group

Visit WebsiteWebsite
6330 E 75th St, Indianapolis, IN 46250

Business Description

Capitol Insurance & Risk Management Group is a life insurance agency in Indianapolis serving several types of customers including individuals, businesses, and religious institutions. It helps clients prepare death benefits and explains the differences between their available options while helping them to purchase the types of coverage they need with the amount of benefits that work best for their long-term goals. Capitol Insurance & Risk Management Group offers several other categories of insurance too, including auto, businesses, and various umbrella policies.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (23)
Yelp
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
CJi Agency logo
Visit WebsiteWebsite

License Verified:

License: 935653

Indiana Department of Insurance

CJi Agency

Visit WebsiteWebsite
3902 North College Avenue, Indianapolis, IN 46205
  • Life Insurance

Business Description

CJi Agency is an independent insurance provider that offers its services to residential and commercial clients in Indianapolis. The local agency sources life, homeowners', renters', general liability, workers' compensation, and property insurance products. Its life insurance options include fixed annuities, final expense, individual life, and mortgage protection. The agency carries insurance products from companies such as AIG, Aegis, Hiscox, Hagerty, Progressive, and Tower Hill Insurance. CJi Agency is a member of the National African-American Insurance Association.

License Verified:

License: 935653

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Insurance Benefit Consulting logo

License Verified:

License: 691878

Indiana Department of Insurance

Insurance Benefit Consulting

8440 Woodfield Crossing Boulevard, Indianapolis, IN 46240
  • Life Insurance
  • Health Insurance

Business Description

Insurance Benefit Consulting is an insurance firm that serves families, individuals, and employers in Indianapolis and the surrounding areas. It offers both temporary and permanent life insurance options. Whether clients want short-term benefits or long-term security, its agents help them determine the most appropriate plan. In addition, the firm's permanent life insurance policies can build and increase cash value. Insurance Benefit Consulting also offers individual health insurance, Medicare, and group coverage.

License Verified:

License: 691878

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Killion & Hall Insurance Angency logo
Visit WebsiteWebsite

Killion & Hall Insurance Angency

Visit WebsiteWebsite
6316 W Thompson Rd, Indianapolis, IN 46221

Business Description

Killion & Hall Insurance Agency is a health insurance company in Indianapolis serving clients all throughout the metro area. This company offers both personal and commercial insurance services to individuals and businesses who need health coverage, and it has agents experienced in disability insurance coverage as well. Killion & Hall Insurance Agency is also experienced with life insurance coverage and works on behalf of clients to find plans that fit their budgets while offering the benefits they desire.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
3.9 / 5 (98)
Facebook
5.0 / 5 (30)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Lloyd Insurance, Inc. logo
Visit WebsiteWebsite

Lloyd Insurance, Inc.

Visit WebsiteWebsite
31 W Main St, Mooresville, IN 46158

Business Description

Lloyd Insurance Inc. is an independent insurance agency selling life and health insurance policies to individuals and businesses. Its agents research and sort through competitive rates to make the policy buying process easier for clients. It also manages existing policies so that clients have a simple point of contact and source of information, as well as a liaison if claims need to be made. Auto, home, and general business insurance policies are available too.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.6 / 5 (11)
Facebook
4.4 / 5 (10)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
McGowan Insurance Group logo
Visit WebsiteWebsite

License Verified:

License: 3432298

Indiana Department of Insurance

McGowan Insurance Group

Visit WebsiteWebsite
355 Indiana Avenue Suite 200, Indianapolis, IN 46204
  • Life Insurance

Business Description

McGowan Insurance Group is a family-owned independent agency serving individuals and businesses in Indianapolis and the surrounding communities. The agency offers term life policies that cover an individual for a specific period of time, and whole or universal life insurance which provides lifetime coverage. Business insurance for commercial services, industry specialties, and risk management are also available. It works with carriers like The Cincinnati Insurance Companies, Condon & Skelly, Foremost Insurance Group, Indiana Farmers Mutual, and The Hartford.

License Verified:

License: 3432298

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
5.0 / 5 (11)
Facebook
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Scott Wenclewicz Insurance Group logo
Visit WebsiteWebsite

License Verified:

License: 3297141

Indiana Department of Insurance

Scott Wenclewicz Insurance Group

Visit WebsiteWebsite
7212 Shadeland Avenue, Indianapolis, IN 46250
  • Life Insurance

Business Description

Scott Wenclewicz Insurance Group is an Indianapolis-based independent agency that represents nine carriers, including Auto-Owners, Nationwide, and Progressive. With the help of these providers, its team is able to furnish various types of insurance policies, such as life, umbrella, home, and auto protection plans. Company president Scott Wenclewicz began his insurance career in 2006. One of his goals is for the agency to be able to donate more than a million dollars in the next four decades.

License Verified:

License: 3297141

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (112)
Facebook
5.0 / 5 (34)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Skaggs Insurance Agencies Inc. logo

License Verified:

License: 1385810

Indiana Department of Insurance

Skaggs Insurance Agencies Inc.

5519 East 82nd Street, Indianapolis, IN 46250
  • Individual Plans
  • Life Insurance

Business Description

Skaggs Insurance Agencies Inc. is a multi-generational family and independent insurance agency offering extensive insurance solutions in Indianapolis, Castleton, Marion, and nearby areas in Indiana. The agency is a partner of Foremost Insurance Group, Erie Insurance, Safeco Insurance, Progressive, Travelers, and State Auto Insurance Companies. Skaggs Insurance Agencies Inc. offers auto insurance, home insurance, renters' insurance, individual, and group life insurance. Under its business insurance plans, it provides restaurant insurance and commercial umbrella insurance.

License Verified:

License: 1385810

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (18)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Stonebraker Insurance logo
Visit WebsiteWebsite

License Verified:

License: 2217310

Indiana Department of Insurance

Stonebraker Insurance

Visit WebsiteWebsite
910 N. Shadeland Ave, Indianapolis, IN 46219
  • Life Insurance

Business Description

Stonebraker Insurance is an independent agency that has been serving clients in the Indianapolis metro and the surrounding areas since 1969. It offers term and permanent life insurance policies, which address temporary needs and provide lifelong protection, respectively. It has partnered with several insurance carriers, such as Progressive, Nationwide Financial, and Allied. It also customizes insurance solutions that cover homes, businesses, vehicles, farms, and pets. The company's owner, Chris Stonebraker, has been in the insurance industry for 47 years.

License Verified:

License: 2217310

Indiana Department of Insurance

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
The George Group logo
Visit WebsiteWebsite

License Verified:

License: 571056

Indiana Department of Insurance

The George Group

Visit WebsiteWebsite
5627 S. Franklin Rd., Indianapolis, IN 46239
  • Life Insurance

Business Description

The George Group is an independent agency offering life insurance policies for individuals in Indianapolis. Its team writes different types of individual life insurance plans, including term life, which provides protection for a limited time. The agents also furnish whole life insurance policies, which build cash value in the long run that can be used to fund education and pay off mortgages. With access to plans from different carriers such as Progressive, Nationwide, and Travelers, they are able to find suitable coverages for clients.

License Verified:

License: 571056

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.3 / 5 (10)
Facebook
5.0 / 5 (8)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
The Wright Insurance Company logo
Visit WebsiteWebsite

License Verified:

License: 3194503

Indiana Department of Insurance

The Wright Insurance Company

Visit WebsiteWebsite
201 N. Illinois St. South Tower – 16th Floor, Indianapolis, IN 46204
  • Life Insurance

Business Description

The Wright Insurance Company offers risk management solutions from its Indianapolis office. It provides a wide range of insurance products, from life, car, and workers' compensation to agribusiness insurance. It also offers policies for homeowners, renters, and owners of motorcycles, boats, and RVs. The agency has access to plans from numerous carriers such as Grange, Liberty Mutual, The Hartford, and Allied General Agency. Its principal agent, Brandon Wright, has been providing risk management assistance since 2010. He is also licensed in Michigan, Illinois, and Ohio.

License Verified:

License: 3194503

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
––
Detail
––
Tribbett Rich Insurance Group logo
Visit WebsiteWebsite

Tribbett Rich Insurance Group

Visit WebsiteWebsite
107 E Main St, Lebanon, IN 46052

Business Description

Tribbett Rich Insurance Group is an independent agency with experience in individual insurance services for life and health-related needs. It assists clients with buying health insurance and has extensive experience with dental, vision, and disability coverage options. Its life insurance services are no less extensive, as Tribbett Rich Insurance Group consults clients on a wide range of benefits including mortgage protections, long-term care provisions, and benefits for dependents. This agency is experienced with fixed annuity plans too.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Facebook
5.0 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Weaver Insurance Group logo
Visit WebsiteWebsite

License Verified:

License: 649047

Indiana Department of Insurance

Weaver Insurance Group

Visit WebsiteWebsite
6302 Rucker Road, Suite I, Indianapolis, IN 46220
  • Life Insurance
  • Individual Plans

Business Description

Weaver Insurance Group is a local agency providing 24/7 assistance to individuals and businesses in Indianapolis. It offers term, whole, universal, and variable life insurance policies that can be utilized for different financial planning purposes, such as education funding and businesses continuation. Its team helps clients review their options and determine the type of coverage that meets their needs and preferences. Group life insurance is also available as part of employees' compensation benefits.

License Verified:

License: 649047

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (17)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Wenclewicz Insurance logo
Visit WebsiteWebsite

License Verified:

License: 647012

Indiana Department of Insurance

Wenclewicz Insurance

Visit WebsiteWebsite
7202 N Shadeland Ave #207, Indianapolis, IN 46250
  • Life Insurance
  • Health Insurance

Business Description

Wenclewicz Insurance is a firm that serves Indianapolis. With access to various carriers, its agents assist clients in obtaining life insurance products, which include term and whole coverage options. They offer other policies such as auto, boat, motorcycle, homeowners’, renters’, and health plans. In addition to personal lines, they provide insurance packages for businesses, including commercial auto and building property, general and professional liability, workers’ compensation, and risk management. Wenclewicz Insurance has been operating since 2003.

License Verified:

License: 647012

Indiana Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (212)
Facebook
5.0 / 5 (54)
Yelp
4.0 / 5 (9)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––

Frequently Asked Questions

  • Which is better, term or whole life insurance?

    Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

  • How much life insurance do I need?

    A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

  • How does life insurance work?

    The details of how life insurance works depend on your individual plan, but the basics are as follows: 

    • You pay a premium to purchase the insurance. Typically the premium is paid monthly, but it could be rolled into quarterly, bi-annual, or annual payments. 
    • As long as you are meeting or have met premium obligations, if you pass away, the insurance company makes the agreed-upon payment to the beneficiaries you designated. 
    • Beneficiaries usually have to provide the insurance company with a death certificate to receive their payments.
  • How much is life insurance?

    The cost of life insurance ranges widely. Term life insurance can cost as little as a few dollars a day, and whole life insurance can cost thousands per month on the high end. Factors that impact the cost of your life insurance include whether you're choosing term life insurance or whole life insurance, your age, how much coverage you want, your overall health, and your gender.

  • Is life insurance taxable?

    Life insurance proceeds are the funds paid via your plan to your beneficiaries if you pass away. These are also called death benefits. Typically, these are not considered income for taxes. If you take out cash value from a whole life insurance investment and the amount exceeds how much you paid in premiums, the difference may be considered taxable income.


  • Can I buy health insurance that is not Obamacare?

    When people say "Obamacare insurance," they typically mean insurance within the health insurance marketplace. You can get health insurance outside of the marketplace by going through your employer, choosing COBRA coverage if you leave your job, or buying a short-term health insurance policy through an insurance agent. ACA-compliant plans meet all the benefits and coverage requirements of the Affordable Care Act. But you may be able to find supplemental or short-term coverage that simply provides peace of mind for major medical expenses.

  • Can I buy health insurance anytime?

    To buy health insurance in the marketplace, you must purchase it within open or special enrollment periods. But you can purchase short-term coverage to bridge the gap between now and the next open enrollment period. These plans are meant to be used for less than a year. You can purchase them online or via insurance agents, but they may not be ACA-compliant.