Protect Your Future with Reliable Life Insurance Options
Unlock peace of mind with Life Insurance—where securing your family’s future is simple, affordable, and flexible. Discover your perfect plan today!
Protect Your Future with Reliable Life Insurance Options
Unlock peace of mind with Life Insurance—where securing your family’s future is simple, affordable, and flexible. Discover your perfect plan today!
Explore Our Comprehensive Life Insurance Solutions
Explore our comprehensive range of life insurance solutions designed to protect what matters most to you, ensuring peace of mind for you and your loved ones.
Explore Our Tailored Life Insurance Solutions
Flexible Term Life Coverage
Term Life Insurance: Affordable, fixed-term coverage that ensures financial protection for your beneficiaries during the policy term if the insured passes away.
Whole Life Coverage
Whole life insurance offers permanent coverage with a cash value component, growing tax-deferred, ensuring lifelong security and financial flexibility for beneficiaries.
Universal Life Insurance Flexibility
Universal life insurance offers adjustable premiums and benefits, plus a savings element that grows based on current market interest rates, providing flexibility and financial security.
Comprehensive Family Coverage Plans
Rider Options: Enhance your policy with additional benefits like accidental death, critical illness, and disability riders to meet specific insurance needs and provide extra security.
Testimonials
Jasmine Richards
I went with a Term Life Policy at first—it was simple and affordable. Later, I explored Universal Life, and I really appreciate how flexible the payments are. It adjusts perfectly to my changing financial situation. Definitely recommend working with Abisola at Everlift Financial Services!
Monica Chandler
After exploring different plans, I found the Universal and Whole Life insurance options to be the most stable. Universal Life gives me great flexibility, and Whole Life feels like a smart long-term investment. I’m really satisfied with both!
Thomas Krazinski
Abisola at Everlift Financial Services helped me switch to their Family Life Insurance Plan last year. It’s been simple to manage and gave me peace of mind knowing my whole family’s covered under one policy. Definitely a wise move.
FAQs
Common Questions Answered to Help Secure Your Family's Future
What factors affect my life insurance premiums?
Several key factors can impact how much you pay for life insurance, including:
Age: Generally, the younger you are, the lower your premium. Health: Medical history, current conditions, and lifestyle habits (like smoking) can influence cost.
Coverage Amount & Type: Term policies usually cost less than whole or universal life, and higher coverage amounts mean higher premiums.
Gender: Statistically, women tend to have longer life expectancy, which can affect rates.
Occupation & Hobbies: High-risk jobs or activities (like skydiving or deep-sea diving) can increase premiums.
Family Medical History: A history of serious illnesses may impact your rate.
At Everlift Financial Services, we’ll help you find the right policy that balances protection and affordability based on your unique situation.
Can I change my beneficiary later?
Yes, absolutely. You can update your beneficiary at any time. Life changes—like marriage, the birth of a child, or changes in relationships—often make it necessary to update your policy. At Everlift Financial Services, we’ll guide you through the process to ensure your coverage always reflects your current wishes.
What happens if I miss a premium payment?
Missing a premium payment doesn’t always mean your policy is canceled right away. Most life insurance policies come with a grace period—typically 30 to 31 days—giving you time to make the payment without losing coverage.
If the payment isn’t made within the grace period, your policy may lapse, meaning your coverage ends. However, some permanent life policies may use any available cash value to cover the missed payment temporarily.
At Everlift Financial Services, we’ll help you understand your policy terms and work with you if anything unexpected comes up.
Is the cash value of a whole life policy taxable
In most cases, the cash value of a whole life policy grows tax-deferred, meaning you won’t pay taxes on the growth as long as it stays within the policy.
You can access the cash value through policy loans or withdrawals, and if structured properly, those funds are typically not taxable. However, if you surrender the policy or withdraw more than you’ve paid into it (your cost basis), the excess may be subject to income tax.
At Everlift Financial Services, we’ll help you understand how to access your cash value strategically—while keeping taxes low or even avoiding them altogether.
Do I need a medical exam to get life insurance
It depends on the type of insurance and the policy amount Some policies require a medical exam to assess risk, while others might offer no exam insurance options which could be subject to higher premiums due to increased risk to the insurer
How much life insurance coverage do I need?
The right amount of life insurance depends on your unique situation. A good rule of thumb is to aim for 10–15 times your annual income, but you should also consider:
Your income and monthly expenses
Outstanding debts (like a mortgage or student loans)
Future goals (like college tuition for children)
Final expenses and funeral costs
The lifestyle you want to provide for your loved ones
At Everlift Financial Services, we’ll walk you through a personalized needs analysis to help you choose the right amount of coverage—without overpaying.