Life
Insurance

Finding the right insurance isn’t easy, which is why you need to take the time to understand your options. Life insurance can help protect your family’s financial future if something happens to you, restoring their ability to live comfortably even after you’re gone. Call us today so we can walk you through the process of finding that coverage.

Jennifer Schembri
Jennifer Schembri
Managing Partner

Upload Your Current Policy To Compare a Quote

Life
Insurance

Finding the right insurance isn’t easy, which is why you need to take the time to understand your options. Life insurance can help protect your family’s financial future if something happens to you, restoring their ability to live comfortably even after you’re gone. Call us today so we can walk you through the process of finding that coverage.

Jennifer Schembri
Jennifer Schembri
Managing Partner

Upload Your Current Policy To Compare a Quote

Father and his daughter on his shoulders, playing in a field during the golden hour.

Life Insurance in Michigan 

Life insurance is one of the most important types of insurance. It’s an affordable way to protect your loved ones financially. If you have anyone who depends on your living expenses, getting life insurance can give you peace of mind. If you are a resident of the state of Michigan, there is a list of things about life insurance that you should know.

Father and his daughter on his shoulders, playing in a field during the golden hour.

Life Insurance in Michigan 

Life insurance is one of the most important types of insurance. It’s an affordable way to protect your loved ones financially. If you have anyone who depends on your living expenses, getting life insurance can give you peace of mind. If you are a resident of the state of Michigan, there is a list of things about life insurance that you should know.

Life Insurance Considerations

Before choosing a life insurance plan, consider these factors and if they apply to your lifestyle. Your hobbies, age, health history, and gender are just a few things considered for your life insurance policy.

“No Payout”

Circumstances

Circumstances are included in a standard life insurance policy that results in no payout. Participation in extreme and dangerous sports, suicide, engaging in illegal and criminal activities, certain pre-existing health conditions, moving to another country, and many others.

Graphic showing a person sky diving out of a plane

Calculated Factors

Factors that are calculated into life insurance. Health, lifestyle, age, gender, and occupation of a policyholder are all included. The healthier and younger you are, the cheaper the insurance. It is highly recommended to get life insurance as early as possible.

Graphic showing the price of life insurance rising a person ages

Two Types of Life Insurance

The two types of life insurance are permanent and term. Permanent life insurance (sometimes known as whole life insurance) offers a cash value and death benefit. It provides coverage for the entire lifespan of a policyholder and does not expire. Term life insurance (also called a temporary insurance agreement) is time-specific with an expiration date. It covers you for a limited period of time – for 10, 20, or 30 years.

Graphic of a person with a clock and an insurance icon

Life Insurance Considerations

Before choosing a life insurance plan, consider these factors and if they apply to your lifestyle. Your hobbies, age, health history, and gender are just a few things considered for your life insurance policy.

“No Payout” Circumstances

Circumstances are included in a standard life insurance policy that results in no payout. Participation in extreme and dangerous sports, suicide, engaging in illegal and criminal activities, certain pre-existing health conditions, moving to another country, and many others.

Graphic showing a person sky diving out of a plane

Calculated Factors

Factors that are calculated into life insurance. Health, lifestyle, age, gender, and occupation of a policyholder are all included. The healthier and younger you are, the cheaper the insurance. It is highly recommended to get life insurance as early as possible.

Graphic showing the price of life insurance rising a person ages

Two Types of Life Insurance

The two types of life insurance are permanent and term. Permanent life insurance (sometimes known as whole life insurance) offers a cash value and death benefit. It provides coverage for the entire lifespan of a policyholder and does not expire. Term life insurance (also called a temporary insurance agreement) is time-specific with an expiration date. It covers you for a limited period of time – for 10, 20, or 30 years.

Graphic of a person with a clock and an insurance icon
Michigan Welcome Sign

Get Your Life Insurance Claim Started

Great Lakes State Agency is a trusted life insurance agency located in Lansing, MI. We specialize in customer service and offering quality coverages to Michigan residents at competitive prices. Life insurance is not expensive, and it’s a great way to protect your family members financially. Virtually everyone can afford it. Please get in touch with Great Lakes State Agency if you have any questions about it or need help finding the perfect life insurance coverage. They are always ready to provide you with the necessary information.

Michigan Welcome Sign

Get Your Life Insurance Claim Started

Great Lakes State Agency is a trusted life insurance agency located in Lansing, MI. We specialize in customer service and offering quality coverages to Michigan residents at competitive prices. Life insurance is not expensive, and it’s a great way to protect your family members financially. Virtually everyone can afford it. Please get in touch with Great Lakes State Agency’s agents if you have any questions about it or need help finding the perfect life insurance coverage. They are always ready to provide you with the necessary information.