Life Insurance for Iowans

Life Insurance doesn't have to be complicated

Lets be real - some day, your time on earth will end. I know, I know, no one likes to think or talk about it. Quite frankly, here at DSMIG we don't like to either. But we know we have a duty to our clients to protect them as best we can, and sometimes that means having tough conversations. 

DSMIG works with a multitude of companies to find you the best fit for your life insurance needs. Why do we work with so many? So you can get the best bang for your buck when you're protecting your family and legacy. 

What is Life Insurance?

To put it as simply as possible, life insurance is a contract you make with a company that basically says "Hey, when you pass away, we're going to provide a set number of dollars to a beneficiary of your choosing." Now, that's a HUGE oversimplification, but at it's roots, that's what the basic premise of life insurance is. 

Types of Iowa Life Insurance

Life insurance has been overcomplicated by advisors and insurance companies for more years than you can count. There are hundreds if not THOUSANDS of products out there now. IULs, VIULs, ROP Term, products for 'Infinite Banking', and so on and so forth.

But the truth is, there are two primary types of Life Insurance:

• Term Life Insurance: This is like a safety net that's there for you at the same cost for a set time, anywhere between 5 to 30 years. If you outlast that period, no problem – you can either drop it or keep it going with a new plan.
• Permanent Life Insurance: This is basically your lifelong backup, sticking with you until the end as long as you keep up with the payments. This is typically where you see the products I mentioned above, and usually there are a few more stipulations required than there are for Term insurance. Permanent insurance is more expensive than Term, but if you have the budget to fund the policy correctly and an agent that will ensure that happens, these policies are a great tool for cash accumulation.