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Janis-Shunta Insurance

950 W. Norton #500
Muskegon, MI 49441

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Life Insurance in Michigan

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Life insurance is one of the most important policies in Michigan today, and rightly so because it is meant to protect your loved ones in case of your unfortunate passing. In essence, life insurance ensures that the beneficiaries of the policy lead a normal life after the death of the policyholder. Also, life insurance can be used as a savings plan depending on the coverage option you choose.

What are the life insurance coverage options?

Life insurance coverage options are divided into two main categories, namely whole life and term life policies.

Whole life policy

  • In regards to a whole life policy, the coverage matures after the passing of the policyholder. After the death of the policyholder, the policy’s gains are passed down to the named beneficiaries. A whole life insurance policy cushions the recipients from the possible financial uncertainty caused by the demise of the policyholder.

Term life policy

  • A term life policy is different to whole life in that it has a specific maturity time. For example, one may choose to take up the insurance for 5, 10, or 15 years. A term life policy is considered as a savings plan to finance future ambitions.

Why you need life insurance

Life insurance is not mandatory in Michigan however; it is a necessity for everyone. The financial loophole left behind by the death of a family’s breadwinner can be huge; taking up life insurance reduces the impact of the financial loss on the beneficiaries. Also, if you are seeking to finance some lifetime goals such as furthering your education, you can take up term life insurance for a specified period.

At Janis-Shunta Insurance, we serve the residents of Muskegon, MI, and the surrounding areas. We aim at providing tailor made life insurance solutions per state statutes to the residents of Fruitport and Muskegon, MI. We have a team of experienced agents who will walk you through our coverage options and help you select the right policy.

For more information, visit our offices or call us for a quote and learn more about our other insurance options. Janis-Shunta Insurance is ready to answer your questions and get the financial protection your family needs.