Indexed Universal Life: permanent insurance with cash value linked to S&P 500 index. 0% floor. Tax-free loans.

Life Insurance — Term, Whole, IUL & Final Expense

Life Insurance —
Protect Your Family’s Future

Q: What is term life insurance?

Coverage for 10-30 years. Lowest premiums. Tax-free death benefit.

Q: What is infinite banking?

Strategy using dividend-paying whole life as a personal bank. Build cash value, borrow against it tax-free, repay yourself.

Q: What is mortgage protection?

Term life with a death benefit matching your mortgage. Pays off the mortgage if you die.

Q: How much does life insurance cost?

Healthy 35-year-old: $20-35/month for $500K term. Whole life costs more but builds cash value.

Life insurance provides a tax-free death benefit to your beneficiaries. Term life, whole life, IUL, mortgage protection, and final expense options — compared free by a licensed FreedInsure advisor.

Tax-free death benefit to beneficiaries

Term life from $15–$35/month for healthy adults

IUL policies build tax-advantaged cash value

Mortgage protection ensures your family keeps the home

No medical exam options available

Estimate My Rate ↓ 📞 (844) 788-3733

Tax-Free

Death Benefit

$15+

Monthly from

No Exam

Options Available

$25K–$1M+

Coverage Range

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Life Insurance Questionnaire

Find Your Perfect Life Insurance Plan

Answer a few questions and get a personalized rate estimate in under 2 minutes.

Coverage Explained

Types of Life Insurance We Offer

From affordable term coverage to wealth-building IULs, we match the right product to your goals.

Term Life Insurance covers you for a specific period (10, 20, or 30 years). If you pass away during the term, your beneficiaries receive the full tax-free death benefit. Term is the most affordable option and ideal for income replacement during working years, mortgage protection, and raising children.

Whole Life Insurance provides lifetime coverage and builds guaranteed cash value that grows tax-deferred. Premiums never increase. The cash value can be borrowed against or withdrawn, making whole life the foundation for strategies like infinite banking.

Indexed Universal Life (IUL) combines a death benefit with a cash value account that grows based on the performance of a market index (like the S&P 500) — with a 0% floor protecting you from market losses. IULs offer flexible premiums, tax-advantaged growth, and tax-free policy loans, making them a powerful retirement supplement and wealth-building tool.

Indexed Universal Life

IUL — Life Insurance That Builds Wealth

An IUL is not just life insurance — it is a tax-advantaged financial tool.

What is an IUL and how does it work?

An Indexed Universal Life (IUL) policy has two components: a death benefit and a cash value account. The cash value is credited interest based on the performance of a stock market index (typically the S&P 500). Unlike direct market investment, IULs have a 0% floor — your cash value never decreases due to market downturns — and a cap rate (typically 8–12%) that limits upside. This creates protected growth.

Why use an IUL for retirement?

IUL cash value grows tax-deferred, and policy loans are tax-free. This means you can supplement retirement income without triggering tax on Social Security benefits or pushing into a higher bracket. Unlike 401(k)s and IRAs, there are no contribution limits, no required minimum distributions, and no income restrictions.

IUL vs 401(k) vs Roth IRA?

401(k): Tax-deductible contributions but taxed on withdrawal. RMDs at 73. Roth IRA: Tax-free withdrawals but income limits and $7K/yr cap. IUL: No income limits, no contribution cap, tax-free loans, 0% floor, plus a death benefit. IULs complement — not replace — traditional retirement accounts.

Who is an IUL right for?

IULs are ideal for high earners who have maxed out 401(k) and IRA contributions, business owners seeking tax-advantaged savings, and anyone who wants market-linked growth with downside protection. They also work well for estate planning and legacy wealth transfer.

Important IUL Disclosures: Indexed Universal Life (IUL) insurance is a life insurance product, not a security or investment. IUL policies are not registered with the SEC and are not regulated as securities. Past performance of any market index does not guarantee future results. Cash value growth is subject to caps, participation rates, and policy charges that vary by carrier. IULs are designed to complement — not replace — traditional retirement accounts such as 401(k)s and IRAs. Policy loans and withdrawals may reduce the death benefit and cash surrender value. Consult a licensed financial advisor regarding your specific situation. FreedInsure advisors are licensed insurance producers, not registered investment advisors.

Mortgage Protection

Mortgage Protection Life Insurance

If you die, your family keeps the home — mortgage paid off in full.

Mortgage protection insurance is a term life policy with a death benefit that matches your mortgage balance. If you pass away, the benefit pays off the remaining mortgage so your family is never at risk of losing their home.

Unlike standard term life (where beneficiaries choose how to use funds), some mortgage protection policies pay the lender directly. However, most advisors recommend a standard term policy with a death benefit equal to your mortgage — it is usually cheaper and gives your beneficiaries the flexibility to use the funds however they need.

A 35-year-old non-smoker can typically get $300K in 30-year term coverage for $25–$35/month — enough to cover a mortgage and give their family breathing room. The younger you lock in, the lower the rate. Estimate your rate above →

Infinite Banking

Infinite Banking — Become Your Own Bank

Use whole life insurance to create a personal banking system that builds wealth on your terms.

What is infinite banking?

Infinite banking (also called the Infinite Banking Concept or IBC) uses a dividend-paying whole life insurance policy as a personal savings and lending vehicle. You overfund the policy, build cash value, then borrow against that cash value for major purchases — effectively becoming your own bank. Your cash value continues to grow even while the loan is outstanding.

How does infinite banking work?

Step 1: Purchase a dividend-paying whole life policy structured to maximize cash value growth (using paid-up additions). Step 2: Fund the policy consistently. Step 3: Once cash value builds, take policy loans for investments, real estate, cars, or emergencies. Step 4: Repay the loan to yourself (not a bank) and your cash value continues compounding.

What are the advantages of infinite banking?

You earn uninterrupted compound growth on your cash value even while borrowing against it. Policy loans are tax-free. You control the repayment schedule. There are no credit checks or bank approvals. Your death benefit protects your family simultaneously. And your money is not subject to market volatility.

Is infinite banking right for me?

IBC works best for people with consistent cash flow who want a long-term wealth strategy. It requires patience — the first 3–5 years are a funding phase. It is popular among real estate investors, business owners, and high-income professionals who want to recapture the interest they currently pay to banks and lenders.

Quick Answers

Life Insurance — What You Need to Know

How much life insurance do I need?

A common guideline: 10–12x your annual income. A household earning $75K/year should consider $750K–$900K in coverage. Add more for mortgage debt, college funding, or if your spouse does not work.

Do I need a medical exam?

Not always. No-exam policies are available for both term and permanent life insurance. They cost more but provide faster approval. Final expense insurance almost never requires an exam.

Term vs whole life — which should I choose?

Term for affordable coverage during working years (mortgage, kids). Whole life for lifetime protection + cash value + infinite banking. Many families use both — term for income replacement and whole life for long-term wealth building.

Is life insurance taxable?

Death benefits are generally tax-free to beneficiaries. Cash value in whole life and IUL policies grows tax-deferred. Policy loans from IUL and whole life are tax-free. This triple tax advantage is why permanent life insurance is used as a wealth-building tool.

What is final expense insurance?

A small whole life policy ($5K–$25K) designed to cover funeral, burial, and end-of-life costs. Simplified underwriting means most applicants qualify regardless of health. No medical exam. Benefits paid directly to your beneficiary.

Can I have multiple life insurance policies?

Yes. Many people layer term + whole life or term + IUL. For example: $500K 20-year term for income replacement + $250K IUL for tax-free retirement income + $15K final expense for burial costs.

Who It’s For

Who Needs Life Insurance?

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Parents & Families

Replace income, cover childcare, and protect your family’s standard of living if the unexpected happens.

🏠

Homeowners

Mortgage protection ensures your family keeps the home. Match your term length to your mortgage.

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High Earners & Business Owners

IULs and infinite banking create tax-advantaged wealth beyond 401(k) and IRA limits. Estate planning and buy-sell agreements.

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Young Adults

Lock in the lowest possible rates in your 20s–30s. Start an IUL early for maximum compounding.

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Seniors (Final Expense)

Cover funeral costs ($7K–$15K average) and spare your family from financial burden. No exam required.

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Real Estate Investors

Use infinite banking to finance deals with policy loans. Recapture interest you would pay to banks.

FAQ

Life Insurance — Frequently Asked Questions

What is term life insurance?

Coverage for a set period (10–30 years). Lowest premiums. If you die during the term, beneficiaries receive the full death benefit tax-free.

What is an IUL?

Indexed Universal Life — permanent life insurance with a cash value that grows based on a market index (S&P 500) with a 0% floor. Tax-deferred growth, tax-free loans, flexible premiums.

What is mortgage protection insurance?

A term life policy with a death benefit that matches your mortgage balance. If you die, the benefit pays off the mortgage so your family keeps the home.

What is infinite banking?

A strategy that uses dividend-paying whole life insurance as a personal banking system. You build cash value, borrow against it for purchases, and repay yourself — keeping the interest.

How much does life insurance cost?

Term life for a healthy 35-year-old: $20–$35/month for $500K. Whole life costs 8–10x more but includes cash value. IULs are flexible — premiums depend on funding strategy. Use our estimator above for your rate.

Does FreedInsure offer life insurance?

Yes. We compare term, whole, IUL, mortgage protection, and final expense from multiple carriers — completely free. Your advisor finds the right fit for your goals and budget.

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