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715-735-7425
Our Agency
About
Our Staff
Our Locations
Get A Quote
Our Providers
Contact Us
Marinette Insurance and Financial Services, LLC
Tax Season FAQs
Blog
Products
Home & Auto Insurance
Auto Insurance
Liability Coverage
Comprehensive Coverage
Collision Coverage
Uninsured & Underinsured Motorist Coverage
Diminishing Deductible
Accident Forgiveness
Minor Violation Forgiveness
Roadside Assistance
Specialty Auto Insurance
24-Hour Customer Service
Towing
Rental Reimbursement
Personal Injury Protection (PIP)
Medical Payments Coverage
Home Insurance
Flood Insurance
Jewelry Insurance
Property Insurance
Homeowners Liability
Renters Insurance
Condo Insurance
Mobile Home Insurance
Scheduled Property Insurance
Landlords Insurance
In-Home Business Insurance
Other Personal Insurance
Identity Theft
Personal Umbrella Insurance
Data Backup
Life Insurance
Individual Life Insurance
Group Life Insurance
Long-Term Care Insurance
Mortgage Protection Insurance
Disability Insurance
Second-To-Die Policy
Key Person (Key Men) Insurance
Health Insurance
Dental Coverage
Individual & Family Health Insurance
Long-Term Care Insurance
Temporary Health Insurance
Supplemental Insurance
Disability Insurance
Medical Expense Insurance
Medicare Insurance
Child Health Insurance
Travel Health Insurance
Prescription Insurance
HSAs
Recreational Vehicle Insurance
Boat Insurance
Motorcycle Insurance
Motorhome Insurance
ATV Insurance
Snowmobile Insurance
Additional Insurance Services
Special Event Insurance
Other Services
Coverage for Specific Industries
Accounting Firm Insurance
Alarm Contractors Insurance
Insurance for Arborists
Construction Insurance
Consulting Firm Insurance
Contractors Insurance
Craft Brewery Insurance
Condo Association Insurance
Convenience Store and Gas Station Insurance
Dental Practice Insurance
Educational Facility Insurance
Financial Institution Insurance
Funeral Home Insurance
Healthcare Facility Insurance
Healthcare Practice Insurance
Law Firm Insurance
Life Science Insurance
Limousine Services Insurance
Maintenance Contractors Insurance
Manufacturing Insurance
Media & Advertising Insurance
Pool & Spa Insurance
Printers & Publishers Insurance
Real Estate Businesses Insurance
Retail Insurance
Rideshare Insurance
School Bus Contractors Insurance
Scrap Metal Insurance
Security Guards Insurance
Self-Storage Insurance
Septic Contractors Insurance
Snow Plow Insurance
Specialized Truck Equipment Insurance
Specialty Trade Contractors Insurance
Technology Services Insurance
Tow Trucks Insurance
Vineyard & Winery Insurance
Water Well Drillers Insurance
Coverage for Your Business
Bonds
Business Owners Policy (BOP)
Commercial Auto Insurance
Commercial General Liability
Commercial Property Insurance
Commercial Trucking Insurance
Commercial Umbrella Insurance
Crime Insurance
Cyber Liability Insurance
Fidelity Bonds
Leave Management
Loss Control Insurance
Inland Marine Insurance
Marine Insurance
Professional Liability
Small Business Insurance
Surety Bonds
Workers Compensation
Coverage for Your Employees
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Employer-Sponsored Retirement
Voluntary Benefits
Disability Insurance
Individual Life Insurance
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Life Insurance
Life Insurance Information
If you pass away unexpectedly, your loved ones could face costly expenses. Life insurance can provide your beneficiaries with a lump sum—known as a death benefit—to help protect your family from financial hardship, among other benefits.
Contact Marinette Insurance and Financial Services, LLC, in Marinette, Wisconsin, to learn more about our life insurance coverage.
What Does Life Insurance Cover?
Although individual policies may vary, here are some of the common benefits of a life insurance policy:
Final expenses
may help pay for funeral expenses, burial fees and other estate administration costs.
Income replacement
may help provide financial compensation to beneficiaries who depend upon your salary.
Estate taxes
may help pay for federal income taxes on your estate.
Your life insurance policy may also enable you to create an inheritance, allowing you to pass your wealth and assets on to chosen beneficiaries.
How Much Life Insurance Do I Need?
Life insurance isn’t required by law, but it may be beneficial. In certain instances (e.g., you have debt, your spouse depends on your income), you may purchase a life insurance policy to protect your beneficiaries from financial hardship. To determine the coverage amount that’s right for you, you may want to consider the total cost of the following obligations:
The cost to replace services you provide
The cost to replace your annual salary for a set number of years
Future costs for your family (e.g., college tuition)
Outstanding payments (e.g., mortgage, debt)
Finding the right life insurance policy can provide peace of mind. Contact Marinette Insurance and Financial Services, LLC, to learn how we can help.
How Many Life Insurance Policies Can I Have?
You can have multiple life insurance policies if you’re looking for more coverage. Many people consider purchasing a second life insurance policy after a major life change event (e.g., having a child). Typically, your life insurance policies can be a combination of term and permanent life insurance, depending on your situation.
Here’s what you should know about term and permanent life insurance:
Term life insurance
provides coverage for a set period (e.g., 10 or 20 years). At the end of that term, your insurance company will no longer provide a death benefit when you die.
Permanent life insurance
(e.g., universal life insurance, whole life insurance) provides coverage for your entire life. This insurance typically has a level premium that locks in your insurance costs and may allow you to obtain greater coverage when you’re older without paying higher premiums. As an additional benefit, permanent life insurance typically enables you to accrue cash value with your life insurance policy that you can use to make future insurance payments, borrow against or withdraw.
How Far Back Do Life Insurance Companies Look?
When you apply for life insurance, you may be asked to take a medical exam or to submit other health care information to your insurance company. Your insurer will use this information to determine the cost of your premiums and if you’re eligible for life insurance.
Here are some of the public records your life insurer may use to evaluate your application:
Driving record
Prescription medication record
Previous life insurance applications
Credit history
Individual insurance companies may have different policies regarding how much of your medical history they will evaluate. Contact Marinette Insurance and Financial Services, LLC, for a life insurance quote.
Getting Life Insurance
Finding the right life insurance policy may seem daunting. We’re here to help. Contact Marinette Insurance and Financial Services, LLC, to speak to a life insurance agent today.