Home » Life Insurance

Life insurance

Prepare for the unexpected. Achieve financial security for you and your loved ones with a comprehensive life insurance plan.

What Is Life Insurance?

Life insurance is a contract between you and the insurance company wherein the insurer pays your beneficiaries a lump sum (death benefit) after your death as long as your policy is in force.

Whether you have a job, own a business or are self-employed, your income cannot ensure financial stability for your loved ones in the event of a tragedy. With life insurance, you gain peace of mind knowing your family will be financially protected even if you’re no longer there to support them.

Our licensed life insurance consultants are here to guide you, ensuring you make informed decisions that align with your unique needs and circumstances. We consider your financial condition and future goals to find the best plan for your needs.

Different Types of Life Insurance

There are different types of life insurance available depending on your needs and preferences:

Term Insurance

Term insurance provides coverage for a specific period or “term,” typically ranging from 10 to 30 years. Life insurance consultants recommend this option for those who need temporary coverage or want to protect their loved ones during crucial financial years, such as while funding a child’s education or paying off a mortgage.

Final Expense

Final expense insurance (burial or funeral insurance) covers end-of-life expenses, such as medical bills, funeral costs or other debts. This is ideal for seniors or those who want to ensure their loved ones aren’t burdened with these costs upon their passing.

Universal Life

Universal life insurance is suitable for those who want lifelong coverage with the added benefit of accumulating cash value that can be used for loans or withdrawn if needed. It allows policyholders to adjust their premium payments and death benefits over time, providing more control over the policy’s value.

Whole Life

Whole life insurance provides guaranteed lifelong coverage as long as premiums are paid. In addition to the death benefit, whole life insurance includes an investment component that can be withdrawn or borrowed against and accumulates over time at a guaranteed rate.

Why You Need Life Insurance

Protection and peace of mind for you and your loved ones.

Guaranteed Protection

Life insurance acts as a financial safety net that protects your family, business or others who depend on you from the potentially devastating financial losses that could result in the event of your untimely death.

Income Replacement

Life insurance can provide a steady income stream to your beneficiaries, allowing them to continue paying bills, maintain their lifestyle and plan for the future without the added stress of financial instability.

Access to Cash

Many life insurance policies come with a cash value component that grows over time and can be accessed while you’re still alive. With the right insurance plan, you gain a financial cushion when needed.

What Our Clients Are Saying

"Planning for retirement was overwhelming until I met the team at MAEA. They introduced me to annuity options that provided a secure and steady income stream. Now, I have peace of mind knowing my financial future is in good hands. Their personalized approach made all the difference."

John M.

"My grandmother needed help understanding her Medicare benefits. MAEA treated her with such kindness and patience, making sure she felt comfortable with every decision. They found a plan that covered her medications and specialist visits. Our family couldn't be happier with their exceptional service."

Maxwell D.

"When my wife was diagnosed with cancer, our medical expenses skyrocketed. MAEA reviewed our existing policies and found a better plan that provided extensive coverage and saved us money. Their compassion during a tough time was a beacon of hope for us."

José H.

"I was skeptical about annuities until MAEA explained how they could secure my financial future. They tailored an annuity plan that aligns with my retirement needs. Now, I can look forward to my golden years without financial stress. Their expertise truly changed my life."

Thomas B.

"Navigating Medicare was overwhelming until I connected with Carolyn Smith and her exceptional team at ElderCare over 25 years ago. They took the time to understand my health concerns and financial situation, recommending a plan that offers excellent coverage without unnecessary extras. Their patience and expertise turned a confusing process into a straightforward one. Now my grandchildren are clients!"

Matthew K.

Why Choose
Marketplace Agency & ElderCare Associates

Protect what matters most to you.

Life Insurance Experts

Our certified life insurance consultants are committed to providing you with the knowledge and support you need to make informed decisions. We explain insurance concepts in clear, easy-to-understand terms to ensure you understand the terms and benefits.

FREE Consultation

Whether you’re exploring plans for the first time or looking to update your existing policy, we offer a no-obligation consultation. Our life insurance general agent will help you understand your life insurance options without any pressure to make a decision.

Personalized Service

Our life insurance experts work closely with you to find coverage that meets your specific needs. We act as your advocate when dealing with insurance companies and offer ongoing support and policy reviews to ensure your coverage remains adequate as your life changes.

Find the Policy the Best Fits Your Lifestyle

Whether it’s for your children’s future needs, emergency financial needs or your golden years, MAEA provides you with a dedicated life insurance general agent to give you the personalized guidance you deserve.

Schedule a free consultation today!

Life insurance

What Is Life Insurance?