Life Insurance in Streamwood, IL
Life insurance can serve as your loved ones’ financial safety net after you pass away. At Ramos Insurance, we can help you find a policy that aligns with your budget and needs.
How Does Life Insurance Work? 
Life insurance is a contract between you and an insurer, where you pay a regular premium in exchange for a policy. If you pass away while the policy is active, your beneficiaries can file a death benefit claim with the insurer. The benefit will be disbursed after the claim is validated.
There are two types of life insurance: term and permanent.
- Term life insurance works by insuring you for a set period, such as 10 to 30 years. It is generally more affordable than permanent life insurance.
- Permanent life insurance can provide lifetime coverage as well as a cash savings component on top of your death benefit.
Depending on your circumstances, you can enhance your coverage by adding riders. Some common riders include accidental death, cost of living, family income, guaranteed insurability and premium waiver.
How Much Does a Policy Cost?
Various factors can influence the cost of a policy, including the following:
- Age
- Gender
- Medical history
- Personal circumstances (e.g., hobbies, occupation, tobacco use, alcohol consumption)
- Policy specifics (e.g., term length, riders, etc.)
Get Covered Today
Contact Ramos Insurance to explore our life insurance offering or request a personalized quote.