Life Insurance

Netter Agency, LLC

Life Insurance

A life insurance policy is a contract with an insurance company, often referred to as a “safety net.” In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death. Life insurance is chosen based on the needs and goals of the owner. There are two types: Term & Whole Life/Permanent.


  • Level term means that the death benefit stays the same throughout the duration of the policy.

  • Decreasing term means that the death benefit drops, usually in one-year increments, over the course of the policy's term.

Whole Life/Permanent

  • Traditional Whole Life means both the death benefit and the premium are designed to stay the same (level) throughout the life of the policy.

  • Universal or adjustable life offers you more flexibility than whole life insurance. You may be able to increase the death benefit, if you pass a medical examination.

  • Variable policies combine death protection with a savings account that you can invest in stocks, bonds and money market mutual funds.