Life Insurance

At The Sutton Agency, we know that one of life’s rewards for working hard and saving for a rainy day is achieving financial security for your family. One of life’s realities, however, is the possibility of premature death, leaving financial responsibilities for the loved ones left behind.

There is a solution…. life insurance. Life insurance can create an immediate cash fund for loved ones. So, even if death is premature, financial security for your family is possible.

What Types of Life Insurance Are Available?

Permanent insurance is designed to provide life-long coverage with benefits and features usually not available with term life insurance policies. Cash value is available for emergencies, family members can be included and coverage premium payments generally remain level. The following permanent programs are available.

  • Universal life insurance
  • Whole life insurance
  • Simplified issue whole life insurance
  • Simplified issue children’s advantage plan plus® life insurance

Universal Life Insurance
Provides immediate cash value, flexible premium payment plans, tax deferred savings and guaranteed death benefits. Perma Term 2 and 3 Universal Life programs can be custom designed to fit individual protection needs, financial security needs and supplement retirement needs.

Whole Life Insurance
Provides level death benefit protection with level premiums and guaranteed cash values. Whole life insurance can provide needed cash value for emergency family needs and can help supplement future retirement income.

Simplified Issue Whole Life
This plan offers guaranteed premiums, death benefit protection and cash values to age 110 for insureds age 50-80. Provides coverage for final expenses, such as medical and hospital expenses, outstanding debts and funeral costs. Easy-to-complete short form application with minimal underwriting requirements.

Simplified Issue Children’s Advantage Plan Plus®
This plan offers guaranteed premiums, death benefit protection and cash values to age 110 for insureds 15 days through age 17. The death benefit will increase automatically 50% at age 18 and then again at age 25, with no increase in premium. An annuity rider is available in all states except Florida and Minnesota.

Term Insurance
Term Life Insurance provides coverage for a specified period of time such as 10, 20 or 30 years.  It is designed to protect short-term needs such as debt obligations, mortgages or protection while children are young.  Typically, term insurance does not provide cash value.  The following term products may fit your needs.

  • 10, 20 and 30 Year Level Term Insurance
  • Mortgage Decreasing Term Insurance
  • Simplified Issue 5 Year Level Term Insurance

10, 20 and 30 Year Level Term Insurance
These programs provide level death benefits for either 10, 20 or 30 years. They can include a guaranteed premium and renewal benefit at the policyholder’s option.

Mortgage Decreasing Term
Provides decreasing death benefit protection for a specified term of 10, 15, 20, 25 or 30 years.

Simplified Issue 5 Year Level Term
This plan provides low-cost level death benefit protection for short-term needs such as debt obligations. Easy-to-complete short form application with minimal underwriting requirements.

NOTE: Coverages or discounts may not apply in all states. Some exclusions and limitations may apply.


Optional benefits

Most Products can include these optional additional benefits:

Disability Waiver of Premium
Waives premium payments (or cost of insurance charges if Universal Life Insurance) if the insured becomes disabled for six months or longer.

Accidental Death
Provides additional death benefits should death occur as a result of an accident.

Family Plan
Insured’s spouse and/or children can be added for life insurance protection.

Mortgage Payment Disability Benefit
Provides money to continue making debt obligation payments if the insured becomes totally disabled for 60 days or longer.

Payor Death and Disability
This additional benefit waives the premium payments (or cost of insurance charges if Universal Life) on a child’s policy if the premium payor becomes disabled or dies.

Guaranteed Purchase Option
Provides opportunities to purchase additional life insurance protection at certain ages without proving insurability.

NOTE: Coverages or discounts may not apply in all states. Some exclusions and limitations may apply.