Navigating life insurance can feel overwhelming, but understanding your options is key. Recently, I reviewed a US insurer offering both term and indexed universal life policies. For most, term coverage comes at a slightly higher price, but if you’re 60 or 70, you may actually see more competitive rates. They offer 10, 15, 20, and 30-year terms—renewable up to age 95—starting at a $100,000 minimum. While you can get quotes online, you’ll finalize your purchase through an agent.
What sets these policies apart are the living benefits: if you face a critical, chronic, or terminal illness, you can access a portion of the death benefit. There are also riders for children, accident coverage, disability waivers, and guaranteed insurability, giving families more flexibility. On the permanent side, options are less impressive—lower marks for early cash value access and cost transparency, with growth tied to market indexes.
One reassuring note: complaint rates are less than half the industry average, and the company has earned an A+ rating. Do note, though, that the conversion window from term to permanent coverage is shorter than you’ll find elsewhere. If you’re weighing your coverage choices, it’s worth keeping these factors in mind.
—Daniel Irland, PineCrest Insurance LLC, Colorado
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