Our Products

We offer three of the most common types of life insurance. These products can be selected based on the one that best fits the reason you want life insurance and is most useful for the specific needs of your family.

Term

Lasts for 10, 15, 20 or 30 years
Premium payment is flat
Coverage up to $1MM
Ideal for: young families who want to cover needs with a specific time horizon such as home mortgage and kids’ college

Whole Life

Lasts until end of life
Premium payment is flat
Coverage up to $1MM
Ideal for: families seeking life insurance plus a way to have access to funds because Whole Life accrues cash value each year

Final Expense

Lasts until end of life
Premium payment is flat
Coverage up to $30,000
Ideal for: seniors who want to ensure their funeral is paid for or leave a little something for their kids or grandkids

Why Life Insurance?

Peace of mind

Did you know that more than 59%* of families would not be able to cover their regular monthly expenses after just a few months of a loved one passing away? Securing coverage for your family can offer peace of mind. For example, our term life insurance product provides financial coverage for 10, 15, 20 or 30 years up to $1MM. Many people select a "term" length that covers certain financial commitments such as the time until their children graduate from college or the time until a particular debt is paid off, such as a mortgage.
* 2016 Insurance Barometer Study, LIMRA.

No Burden

Did you know that the #1 reason* that people buy life insurance is to cover funeral and other final expenses? For example, our final expense product provides financial coverage for end of life expenses such as burial and medical costs up to $30,000. Many people select “final expense” because they want to relieve their family of financial burdens.
* 2016 Insurance Barometer Study, LIMRA.

Security

Lumico Life Insurance has been in business for over 50 years and has more than four thousand policy holders. We are rated “A” by A.M. Best. “A” is excellent and is the second highest of fifteen ratings that can be awarded. It means that Lumico Life is financially stable and secure.**
** These ratings reflect claims paying ability but are not a guarantee of future performance

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