More Options, Better Choices

Providence Direct is on the cutting edge of the Insurance industry, offering you two ways to find the right policy for your family:

We leverage technology that focuses on a direct-to-consumer model where you can choose your own policy with guaranteed coverage in minutes, with no medical exams and no need to speak with any salesperson.

Tap into our 25+ years of underwriting experience in all 50 states. Combine this with our deep roots with all the major national insurance carriers so we can help you find the best policy based on your family’s needs.

With Providence, we are there to help you get life insurance on your terms, not someone else's.

Access to 30+ national carriers

Providence proudly partners with top-rated carriers to provide a diverse range of insurance products. This enables our agents to customize options that perfectly fit your unique risk profile and financial needs.

Policy Options

The type of life insurance you choose should be based on what you want from your insurance policy.

Term life insurance provides coverage for a limited period of time. It comes with a smaller initial premium and is typically purchased in large amounts to help with your short term goals.

  • Provides coverage for a limited time period (term), as long as premiums are paid
  • Provides a death benefit, but typically no cash value
  • Initially, less expensive form of life insurance
  • May be renewable or convertible

Permanent life insurance (often called “Whole Life”) provides lifetime coverage and consistent premiums. This type of coverage also offers a guaranteed return on your policy’s cash value.

  • Provides lifetime coverage, as long as premiums are paid
  • Cash value accumulates over time and creates an asset which may be used during your lifetime
  • Level premiums for the length of the policy
  • May offer flexible premium payments

Universal Life is a form of Permanent Life insurance, the difference being that it comes with the additional benefit of having a savings and investment element. While some contain a flexible premium option, some require single or fixed premiums.

  • Types include Universal Life, Indexed Universal Life & Variable Universal Life
  • Policyholders can borrow against the cash value with no tax implications
  • Offers both a death benefit and cash value element
  • Your savings will accumulate throughout the life of the policy
  • Only beneficiaries receive the death benefit

Final expense insurance is a whole life policy that pays medical bills and funeral expenses when you die. It is a limited, inexpensive policy when compared with others.

  • The death benefit is guaranteed as long you pay your premiums
  • Final Expense is normally purchased when you are age 50 or older
  • Average funeral costs are $8,000 to $10,000, or more.
  • Policies can have waiting periods from 1 to 3 years

Finding the Right Policy

LIfe insurance offers a range of benefits for you and your family. These include financial security, retirement planning, mortgage protection, final expenses, business protection, tax deductions and insurance loans. The benefits you want for your family will determine what type of policy you need. Asking the right questions is therefore critical when selecting a life insurance policy:

  • How much coverage do I need?
  • How long do I want to pay premiums?
  • What type of life insurance should I buy?
  • Will I need flexibility for my premiums?
  • How long will I need the policy?
  • Will I need cash value?

Find the answers these questions in our Insurance Buying Guide.

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