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2024

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Best Life Insurance Companies in Schaumburg, IL

Our Recommended Top 17

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Schaumburg Life Insurance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

3324Reviewed

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17Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1325 Wiley Road, Schaumburg, IL 60173
WebsiteLicense: 100287733

Expertise.com Rating

Review Sources

Google
5.0 (11)
Facebook
4.0 (7)
Yelp
5.0 (2)

Why choose this provider?

R.C. Keller & Company is an insurance agency that provides insurance services to residents and businesses in Schaumburg and the surrounding communities. It is an independent full-service insurance company that carries life insurance plans like term life and whole life insurance. Additionally, it provides commercial insurance packages like employment practices liability insurance, commercial auto, commercial property, errors & omissions, workers’ compensation, and nail salon insurance. Owner Bob Keller is a third-generation insurance agent. It has operated in the Chicagoland area since 1910.

  • Life Insurance
  • Health Insurance

33 East Hattendorf Avenue, Roselle, IL 60172
WebsiteLicense: 100765175

Expertise.com Rating

Review Sources

Google
5.0 (9)

Why choose this provider?

Midwest Insurance Partners is a multi-location company serving individuals, families, and businesses in the Schaumburg metro. It is a life insurance service provider that offers universal, term, whole, and variable coverages. Midwest Insurance Partners also assists clients in purchasing other personal and business plans such as homeowners', rental property, automobile, general liability, and workers' compensation insurance. It is an independent insurance agency that represents various carriers, including Nationwide and Progressive. The company's principal agent, Patrick Maxwell, has been in the insurance industry since 2008.

  • Life Insurance

40 South Prospect Street, Roselle, IL 60172
WebsiteLicense: 100292793

Expertise.com Rating

Review Sources

Google
4.0 (72)
Yelp
4.5 (3)

Why choose this provider?

Hausman-Kunkel Insurance is a company that has been serving clients located in Schaumburg, St. Roselle, and the nearby areas since 1966. It offers life insurance, individual and group health insurance, workers’ compensation coverage, and commercial insurance policies. Hausman-Kunkel Insurance helps its customers find the right policies, and it aims to provide quality insurance products to individuals, families, and businesses in the area. Moreover, it has partnered with more than 40 long-standing and standard insurance companies.

  • Life Insurance
  • Health Insurance

11 North Roselle Road, Roselle, IL 60172
WebsiteLicense: 17582746

Expertise.com Rating

Review Sources

Google
4.0 (118)
Facebook
5.0 (3)
Yelp
5.0 (1)

Why choose this provider?

Anthony DeGrado is a State Farm insurance agent serving clients in the city of Schaumburg. He helps clients in acquiring life insurance, covering term, whole life, and universal life insurance policies. DeGrado and his team also provide coverages for home, renters', auto, and boat insurance. His office caters to enterprises as well and has expanded to insure clients throughout Illinois and Wisconsin. DeGrado has 25 years of customer relations expertise and 15 years of State Farm Insurance experience.

  • Life Insurance
  • Health Insurance

14 North York Road, Bensenville, IL 60106
WebsiteLicense: 7011454

Expertise.com Rating

Review Sources

Facebook
5.0 (20)

Why choose this provider?

Armando Perez is an insurance agent serving clients in Schaumburg and nearby areas. He provides a variety of life insurance options, including whole, term, and universal. He also offers a wide selection of other policies for businesses, homes, vehicles, properties, and health. Perez has been crafting insurance solutions for the community for more than 30 years. He is a State Farm insurance agent who leads his own agency called Perez Insurance and Financial Services, Inc.

  • Life Insurance
  • Health Insurance

610 East Roosevelt Road, Wheaton, IL 60187
WebsiteLicense: 100300006

Expertise.com Rating

Review Sources

Google
4.7 (23)

Why choose this provider?

Since 1991, R M LeDonne Insurance has been specializing in life insurance services. It assists clients in Schaumburg who are seeking financial security for their loved ones. It offers various insurance options, such as mortgage protection, disability, second-to-die policy, key person, and long-term care insurance. In addition, the team of insurance agents caters to clients needing individual or group insurance services. R M LeDonne Insurance partners with National General, Progressive, Foremost, and Nationwide insurance carriers.

  • Life Insurance

1300 Greenbrook Boulevard, Hanover Park, IL 60133
WebsiteLicense: 100299663

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Multi-Lines Insurance and Investment Service, Inc., is a company offering its services to individuals and businesses in Schaumburg. It provides insurance products such as life insurance policies, individual health plans, umbrella liability, and homeowners' insurance. Multi-Lines Insurance and Investment Service was established in 1990 and has since served the insurance needs of over 1,000 families and individuals. Gregory M. Costalis, its president and principal agent, reviews the needs of the customers to find a product suited to their situation.

  • Life Insurance
  • Health Insurance
  • Long Term Care

1900 South Highland Avenue, Lombard, IL 60148
WebsiteLicense: 12924384

Expertise.com Rating

Review Sources

Facebook
4.0 (28)
Yelp
5.0 (2)

Why choose this provider?

John Early is an independent insurance agent serving businesses, families, and individuals in the Schaumburg metro and the surrounding communities. He accommodates clients who need assistance in purchasing life insurance plans. In addition, he offers other personal plans such as dental and Medicare Supplement insurance coverages. As a part of the Healthcare Solutions Team, he can access different kinds of insurance products from various carriers. John has been providing insurance solutions for more than 12 years.

  • Life Insurance
  • Health Insurance

33 Walpole Road, Elk Grove Village, IL 60007
WebsiteLicense: 17172228

Expertise.com Rating

Review Sources

Facebook
5.0 (2)
Google
5.0 (1)

Why choose this provider?

Lively Insurance Agency offers life coverage options to communities in Schaumburg. Its products include whole, term, and index-universal life insurance, as well as plans tailored to college students, persons with disabilities, children, and retirees. Its healthcare options include policies securing prescriptions, accidents, hospitalization, and travel insurance. It also has services for Medicare and dental coverage such as cleanings, fillings, x-rays, and root canals. An independent agency, Lively offers options from Transamerica, Gerber Life, and Mutual of Omaha.

  • Life Insurance
  • Health Insurance

1250 West Lake Street, Addison, IL 60101
WebsiteLicense: 8261588

Expertise.com Rating

Review Sources

Google
4.0 (58)
Facebook
5.0 (10)
Yelp
3.0 (2)

Why choose this provider?

Gary Lemenager is a State Farm insurance agency owner that provides services in Schaumburg and its surrounding areas. He offers life, health, home, and pet insurances. He also works on auto and business insurance matters. His office is available for calls 24 hours a day. His team handles client concerns in English, Spanish, Polish, and Portuguese for clients who are more comfortable in relaying their concerns in their preferred language. Gary Lemenager has been with State Farm for over 15 years.

  • Life Insurance
  • Health Insurance

101 22nd Street, Lombard, IL 60148
WebsiteLicense: 100375544

Expertise.com Rating

Why choose this provider?

For over 30 years, Soarella has been providing Schaumburg and other nearby metros with insurance products. It works with clients in finding the best coverage that matches their current situation and financial goals. The company offers life insurance which includes term insurance and permanent insurance. In addition, it offers health insurance for individuals and for employees of organizations. Soarella also provides protection and personal liability coverage for the personal possessions, automobiles, boats, and homes of its clients.

  • Life Insurance
  • Health Insurance

1 Tiffany Pointe, Bloomingdale, IL 60108
WebsiteLicense: 100298109

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Fairoaks Insurance Agency offers a variety of insurance options in the Schaumburg area. It crafts multiple life insurance policies that may include whole, variable, term, universal, and group health coverage. It also secures individuals and families from financial burdens caused by illnesses and injuries. In addition, businesses can find health benefit solutions for their employees who have disabilities or troubles with medical expenses. The agency's other specialty areas are property, auto, business, motorcycle, and ATV insurance.

  • Life Insurance
  • Whole Life Insurance
  • Long Term Care

870 East Higgins Road, Schaumburg, IL 60173
WebsiteLicense: 100299230

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

International Insurance Agency, Inc., is a life insurance company that operates in Schaumburg. It underwrites, examines, and estimates the rates of life insurance plans from multiple carriers. These include regional and national companies like Transamerica and Lincoln Financial. The company also processes the applications and claims for both term life and whole life policies. In addition, its staff provides contracting kits to update the policyholders' background information, such as new addresses or beneficiaries. Established in 1995, its other services include health and disability insurance plans.

  • Life Insurance
  • Health Insurance
  • Term Life Insurance

999 Plaza Drive, Schaumburg, IL 60173

Expertise.com Rating

Review Sources

Google
4.0 (23)
Facebook
5.0 (4)

Why choose this provider?

Northwest Insurance Services is a family-owned and independent insurance agency that has been serving clients in Schaumburg and the surrounding communities since 1973. It offers term, whole, and universal life insurance policies. It also provides condominium, motorcycle, automobile, health, watercraft, and renters' insurance plans. In addition, Northwest Insurance Services customizes commercial and rental property, general liability, commercial auto, and workers' compensation insurance solutions. Its team, led by Gregg A. Germanos and George A. Germanos, Jr., has over 90 years of combined experience.

  • Life Insurance

85 West Algonquin Road, Arlington Heights, IL 60005

Expertise.com Rating

Why choose this provider?

Kappel & Apple is an independent insurance agency in Schaumburg that specializes in insurance services and strategies. The firm has been operating for more than 25 years and provides insurance products and concierge human resources services to individuals and businesses. It offers life insurance products, such as level term life insurance and permanent life insurance. Kappel & Apple carries products from providers like John Hancock Life Insurance, Minnesota Life, and Mutual of Omaha for its life insurance lines.

  • Life Insurance
  • Health Insurance

Eastview Terrace, Lombard, IL 60148
WebsiteLicense: 3000074085

Expertise.com Rating

Review Sources

Facebook
5.0 (7)

Why choose this provider?

Wehrle Insurance Network is a team of insurance professionals and financial advisors that specializes in insurance services in the Schaumburg metro. The firm is connected with over 20 A-rated insurance providers and can provide diverse options for personal and business insurance products. Its life insurance products include Medicare insurance, retirement insurance, and non-Medicare health insurance plans. It also offers specialized health insurance plans that cover recovery and hospitalization expenses for injuries related to vision, hearing, and dental health.

  • Health Insurance

911 South Main Street, Lombard, IL 60148

Expertise.com Rating

Review Sources

Facebook
5.0 (1)

Why choose this provider?

The Nolan Agency, Inc., is a locally owned company delivering life insurance policy plans that safeguard families in Schaumburg since 1985. It offers customized term, whole, and universal life coverage options flexible to meet the continuing changes in every person's life. Home, auto, and business insurance products are also available. The Nolan Agency has a team of local professionals with solid ties to the community and their clients. It aims to provide insurance options that can help individuals and business owners make informed decisions.

  • Life Insurance
  • Health Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
R.C. Keller & Company
1325 Wiley Road, Schaumburg, IL 60173
Midwest Insurance Partners
33 East Hattendorf Avenue, Roselle, IL 60172
Hausman-Kunkel Insurance
40 South Prospect Street, Roselle, IL 60172
Anthony DeGrado
11 North Roselle Road, Roselle, IL 60172
Armando Perez
14 North York Road, Bensenville, IL 60106
R M LeDonne Insurance
610 East Roosevelt Road, Wheaton, IL 60187
Multi-Lines Insurance
1300 Greenbrook Boulevard, Hanover Park, IL 60133
John Early
1900 South Highland Avenue, Lombard, IL 60148
Lively Insurance Agency
33 Walpole Road, Elk Grove Village, IL 60007
Gary Lemenager
1250 West Lake Street, Addison, IL 60101
Soarella
101 22nd Street, Lombard, IL 60148
Fairoaks Insurance Agency
1 Tiffany Pointe, Bloomingdale, IL 60108
International Insurance Agency, Inc.
870 East Higgins Road, Schaumburg, IL 60173
Northwest Insurance Services
999 Plaza Drive, Schaumburg, IL 60173
Kappel & Apple
85 West Algonquin Road, Arlington Heights, IL 60005
Wehrle Insurance Network
Eastview Terrace, Lombard, IL 60148
The Nolan Agency, Inc.
911 South Main Street, Lombard, IL 60148

FAQs

  • What organization in Schaumburg protects policyholders financially regarding their life insurance policies in Illinois?

    Schaumburg residents gain assurance through the Illinois Life and Health Insurance Guaranty Association. This entity ensures a cash value of their policy of up to $100,000 and a death benefit of up to $300,000. These limits are individual-centric, remaining constant irrespective of the quantity or scale of policies owned beyond these specified amounts. Such measures strengthen trust and deter deceptive practices by insurers.

  • For Schaumburg residents, can life insurance offer benefits during the policyholder's lifetime?

    Yes. Schaumburg policyholders can access various living benefits with certain life insurance plans. If terminally ill, they might exchange their death benefit for the policy's face value through an Accelerated Death Benefit. Portability ensures continued coverage with group rates upon retirement or job changes. If a serious illness or disability strikes, the Waiver of Premium keeps the policy active. Moreover, overpaying premiums can boost the death benefit or increase loan availability.

  • How does universal life insurance offer flexibility to Schaumburg residents in terms of premium payments and interest?

    Universal life insurance grants considerable adaptability for Schaumburg policyholders. They can choose both the value and regularity of their premium contributions. These premiums fund the coverage, the savings or investment component, and associated expenses. Notably, the interest assigned to the investment portion adjusts in tandem with prevailing interest rates, typically shifting in increments of 1/4%. Such fluctuations mirror those observed in banks and similar institutions.

  • What should Schaumburg residents know about the timelines for receiving cash surrender values from insurance companies in Illinois?

    In Illinois, insurers can legally delay cash surrender value payments from a life insurance policy for up to six months after receiving a surrender application. While most insurers in Schaumburg generally process payments promptly, they aren't mandated to add interest for cash surrenders. Individuals facing prolonged wait times should reach out to the state's Department for aid in expediting their payments.

  • How is the cash value determined in a whole life insurance policy for Schaumburg residents?

    For Schaumburg policyholders, the cash value in whole life insurance represents the refund amount if the policy is canceled prematurely. It's influenced by the policy's face amount, its duration, and the premium payment period. Over time, this cash value rises, equating to the policy's face amount typically when the insured reaches the age limit set by the mortality table, often age 100.

  • 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.

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