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Life Insurance
What is life insurance and how does it work?
Life insurance is a contract between you and your insurance company that provides financial security to your beneficiaries if something happens to you. At Smallwood Insurance, we make it simple to find a plan that fits your needs and budget. Explore term and permanent options, get a quote, and take the first step toward protecting your family’s future.
Do you need life insurance?
Life insurance can help at any stage of life—whether you’re starting a family, raising children, or planning for retirement. Smallwood Insurance offers flexible policies to meet your family’s needs and financial goals.
Life insurance can help your loved ones:
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Cover funeral expenses
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Replace lost income
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Pay off debts
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Fund education
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Leave an inheritance
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Secure a business
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How to get started with life insurance at Smallwood
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Find the right coverage
Your home is unique — your insurance should be too. Our agents work with you to build a policy designed around your needs and your home.
Start your policy
We make getting coverage simple. From quote to policy, our team ensures a smooth process so you can feel protected faster.
Maintain your protection
Life moves fast — and your insurance should keep up. We’ll help you review and adjust your policy as your home and lifestyle change.
Types of life insurance:
Life insurance generally falls into two main categories: term and permanent. Term life lasts for a set period, while permanent life provides coverage for your entire lifetime.
What is permanent life insurance?
Permanent life insurance stays in effect for your lifetime, as long as premiums are paid. It pays a death benefit to your beneficiaries and may include a cash value component that you can borrow against or use to help pay premiums.
Permanent life options include:
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UNIVERSAL
Universal life insurance offers adaptable coverage for your entire lifetime, with options to build cash value over time.
VARIABLE
Variable life insurance provides a range of investment choices for building cash value, along with flexible benefit options.
WHOLE
Whole life insurance provides reliable lifelong coverage with guaranteed benefits, including a fixed premium and guaranteed death benefit.
What is term life insurance?
Term life insurance provides coverage for a specific period, making it a cost-effective way to protect your family during key financial years.