Elite Risk Advisors offers a range of life insurance coverage options designed to protect individuals and families in Owensboro, KY. Understanding your choices helps you select the right policy for your needs and long-term financial goals.
Term Life Insurance
Provides life insurance coverage for a specific period—such as 10, 20, or 30 years—with affordable, fixed premiums.
Whole Life Insurance
A permanent life insurance policy that provides lifelong coverage and builds cash value over time.
Death Benefit
The tax-free payout your beneficiaries receive when you pass away, helping cover expenses and protect their financial future.
Beneficiary
The individual(s) or organization you choose to receive the life insurance death benefit.
Cash Value
A savings component of whole life insurance that grows over time and can be borrowed against if needed.
Riders
Optional policy add-ons that enhance your coverage, such as accelerated death benefits or a waiver of premium.
Living Benefits
Allows access to a portion of your life insurance death benefit if you are diagnosed with a qualifying serious illness.
Guaranteed Issue Life Insurance
A no-medical-exam life insurance option for individuals with health concerns, typically with higher premiums and lower coverage limits.
Yes. Life insurance provides financial protection for your loved ones if something happens to you. It can help cover funeral costs, outstanding debts, mortgage payments, and future living expenses, giving your family financial stability and peace of mind.
The amount of life insurance you need depends on factors like your income, debts, family size, and long-term financial goals. A common guideline is 10–15 times your annual income, but Elite Risk Advisors can help determine the right coverage amount for your situation.
Term Life Insurance provides coverage for a specific period—such as 10, 20, or 30 years—at a typically lower cost.
Whole Life Insurance offers lifetime coverage and includes a cash value component that grows over time and can be borrowed against.
Yes. While some life insurance policies require a medical exam, others offer no-exam or guaranteed issue life insurance options. These policies may have higher premiums, but we’ll help you find coverage that fits your needs and health situation.
Often, no. Employer-provided life insurance usually covers only one to two times your salary, which may not be enough to protect your family. Additionally, you typically lose this coverage if you change or leave your job.
Yes. Some life insurance policies build cash value that you can borrow against, while others offer living benefits that allow access to part of your death benefit if you’re diagnosed with a qualifying serious illness.
Getting started is easy. Whether you’d like to stop by for a friendly, face-to-face conversation or prefer to request your quote online from the comfort of home, we’re here to make the process simple. Tell us what you need, and our team will guide you from start to finish.
Once we gather your information, we’ll provide personalized life insurance quotes tailored to your needs. We’ll walk you through how each option compares to your current coverage so you understand exactly what you’re getting. Whether you're hoping for better protection, lower rates, or both, our team is here to help you find the policy that fits just right.
When you’re ready to lock in the policy, just say the word, and we’ll set up your new life insurance policy.
