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Life Insurance
Life insurance is a contract between you and an insurance company designed to provide financial security to the people you love when they need it most. But modern life insurance is more powerful than most people realize.
Beyond the death benefit, today’s policies can be used as living benefits — providing cash during a critical illness, growing tax-deferred cash value, and even serving as a tax-advantaged retirement supplement.
Our most powerful living benefits tool. An IUL provides a death benefit while building cash value tied to market index performance — with a floor that protects your principal from market downturns. Use the cash value tax-free in retirement, to pay premiums, or as emergency reserves. Flexible premiums and adjustable death benefits give you control throughout your life.
Whole life provides permanent protection with a guaranteed death benefit and fixed premiums that never increase. It builds cash value at a guaranteed rate over time — cash you can borrow against for any reason. Ideal for estate planning, final expense coverage, or leaving a guaranteed legacy.
The most affordable way to get a large death benefit. Term life provides coverage for a specific period — 10, 20, or 30 years — at a fixed, predictable premium. Perfect for income replacement during your working years, mortgage protection, or covering your children until they're financially independent.
Frequently Asked Questions About Life Insurance
Do I need life insurance?
If anyone depends on you financially — a spouse, children, aging parents — you need life insurance. It replaces your income, pays off debts, and ensures your family doesn’t face financial crisis on top of emotional loss.
How much life insurance do I need?
A common starting point is 10-12 times your annual income. But the right amount depends on your mortgage balance, years until retirement, number of dependents, and existing savings. Lee will walk you through a needs analysis at no charge.
Should my spouse have coverage too?
Yes. Even a non-working spouse provides real economic value — childcare, household management, family coordination. Replacing that value is expensive. Both spouses should have coverage.
Can I get coverage if I have a health condition?
In most cases, yes. Options exist for people with serious health conditions, including guaranteed issue policies that require no medical exam. The premium may be higher, but leaving your family unprotected is far more costly.
Every policy type has its own strengths. The right choice depends on your age, health, budget, goals, and how long you need coverage. By working with Buckeye Financial LLC, you’ll get an honest comparison of your options — and a recommendation that serves your family, not a commission quota.