Protect the people who depend on you.

Mavrix offers a wide range of life insurance products from multiple top life insurance carriers. If you are an individual looking to buy life insurance, we can offer you both affordable term life insurance options and permanent life insurance options. We also offer life insurance for small businesses, including competitive group life insurance options.

Term and whole life insurance serve different purposes. To decide which one is right for you, consider what you need from life insurance.

• Do you need an affordable life insurance policy that offers financial protection for your loved ones? Term life insurance may be a good fit. Term life insurance can be surprisingly affordable, especially if you are relatively young and in good health. Term life insurance is often used as a safety net for loved ones who depend on the income of a breadwinner, and the benefit can be used to replace income, pay off a mortgage, or cover childcare and education costs, among other things.
• Do you want lifelong coverage that builds a cash value? Whole life insurance may be a good fit. Whole life insurance is a type of permanent life insurance, meaning coverage can last the rest of your life, as long as you keep up with premium payments. In addition to securing a benefit for your loved ones when you pass, you can use whole life insurance to build a cash value that you can access during your life.

Beyond term vs. whole life insurance, there are other types of life policies as well as riders that let you create custom life insurance plans. A broker can help you understand your options and select a life insurance policy that works well for you.

Yes, you can secure life insurance coverage for your entire family. Although life insurance is often associated with parents who want to provide for their children, there are life insurance options designed for individuals of nearly any age.

For example, seniors may be interested in final expense insurance, a type of life insurance with modest benefits designed to cover funeral costs and other associated expenses, or more robust policies that can help with wealth transfer and other financial goals.

You can also secure life insurance coverage for children, either as a rider on the parent’s policy or as a stand-alone policy. Some people buy whole life insurance for children to lock in low rates and give the policy as long as possible to accumulate a cash value.

Yes, Mavrix offers life insurance for business owners and key employees. When a business owner or key employee passes away unexpectedly, it can disrupt business operations and lead to financial loss. Life insurance for small business owners, business partners and key employees can support business continuity plans and buy-sell agreements.

To determine how much life insurance you need, identify your goal for coverage and calculate how much you realistically need. For example, if you’re buying life insurance to replace income, you can calculate your annual income by the number of years you want to cover. If you earn $80,000 a year and you want to replace at least 10 years of income, you’ll want a policy worth at least $800,000. If you want life insurance to cover your mortgage and other debts, add up those debts and secure a policy for at least that amount. Another popular method is the DIME method, which stands for debt, income, mortgage and education. You add your mortgage and other debt, the income you want to replace, and expected education costs for any children you have.

If you’re ready to buy life insurance, or if you just want to learn more about your options, an independent life insurance broker can help you compare life insurance quotes.