Life insurance is an agreement between you and an insurance company, ensuring that your chosen beneficiary receives a death benefit upon your passing.
The death benefit is the tax-free cash payout received from your life insurance policy.
Life insurance is essential if you have debts or if your loved ones would experience financial difficulties upon your passing.
At Lumina, we understand that everyone's life insurance needs are unique. Explore your options.
It's often more affordable than you think, with rates starting at less than $20/month for many policies.
A beneficiary is the individual who will receive the death benefit from your life insurance policy upon your passing. Choosing the right beneficiary is crucial, as they will bear the responsibility associated with this designation.
You pay regular premiums, either monthly or annually, to your life insurance company to keep your coverage active. In return, the insurance company promises to provide a death benefit if you were to pass away, or in some cases, if you were to experience a covered critical illness or disability while your policy is in effect.
In certain situations, yes. It might be beneficial to consider an additional policy to ensure you have the appropriate amount of coverage for your life circumstances. This can also provide added protection for your family in case of any changes in employment or other life events.
The majority of individuals, including those with pre-existing medical conditions, can typically qualify for life insurance coverage. Approval and rates are determined based on factors such as your health, age, and lifestyle at the time of application.
Life insurance riders are additional features that you can include in your policy to prepare for unforeseen circumstances that may occur during your lifetime, such as disability or critical illness diagnoses.
The choice is yours! You can complete our online application independently or with assistance from our advisors, or you can schedule a consultation to discuss your options further.
Similar to most insurance applications, you'll need to provide contact information, disclose any existing life insurance policies, answer inquiries about your medical history, and designate your beneficiary
Once your term life policy expires, you have several options: you can terminate your policy, renew coverage for a new term, or convert your policy to permanent life insurance coverage.
We're happy to help you. Contact us.
If you need to file a claim, simply reach out to the insurance company directly. However, if you require assistance, feel free to contact us, and we'll be more than happy to help you through the process.
While most policies typically do not necessitate a medical exam for qualification, there might be instances where it's required depending on individual circumstances.
Our application process typically takes approximately 10 minutes to complete.
If you've worked with a Lumina advisor to put together your insurance plan, feel free to reach out to us whenever your insurance needs change. For questions about billing or contact details, please contact your insurance company directly. Need assistance?
Absolutely! Lumina partners with over 80 reputable insurance providers like Mutual of Omaha and Foresters Financial. This allows us to compare options and find the coverage that suits your needs and budget the best.
Certainly! If you're considering canceling your policy, you have options. You can either cancel directly through your insurance company or with the assistance of your Lumina advisor. Whenever you're ready to reassess your insurance needs, don't hesitate to reach out to us. We're here to help you make informed decisions for your financial future.
For something I was postponing doing for too long, it was an easy experience.”
GREAT experience! The agent was personable, proficient, professional and efficient.”
I believe that we got the best policy for our situation … affordability and peace of mind.”
Change your perspective around common misconceptions about life insurance.
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