Compare Life Insurance Quotes With Summit Insurance Solutions

Compare Term Life insurance rates instantly on our site now. You can also speak with one of our licensed agents to get all your questions answered. We specialize in Life Insurance, Medicare Supplement Insurance and Long Term Care Insurance.

Intellectually, almost everyone understands the value of life insurance. A life insurance policy is a way to look out for loved ones in the event of your death.

But when is the right time – and the right way – to buy life insurance?

Three out of five Americans currently own some form of life insurance, according to a recent study by the insurance education group Life Happens.

The earlier you buy the better when looking at life insurance. Age and health history play a role in the premium so buying life insurance is less expensive at age 30 versus age 51 or 61. However, our needs also change throughout the years. The income we will make at 50 or 60 is much different than what we make at 30. Unfortunately, we don’t always buy it at 30 or buy enough to take us through the life changes we experience.

When a young person buys a home and takes on debt that is also a great time for them to buy a life insurance policy. When they have children they need to look at what life insurance they have and figure out if they need to add to more. The good news is they can keep the policy they have and simply get an additional policy to cover the life changes.

In our 40’s, 50’s and 60’s after a promotion or a big move is another time to review your life insurance needs. You have more to protect now so you may need to rethink what coverage you have. You may have kids getting ready for college, investment properties or a business to think about. All great things but what happens in the event of your premature death? What would your spouse and loved ones need to continue? Paying off the debt on the properties, having enough to pay for the kids college and enough money for the family to live on for a period of time are all things to consider.

There are “cash value” products with investment components that work as an additional tax-deferred savings vehicle for high-income earners. That’s because, like an IRA account, the money you contribute into the policy can grow tax-free via the investments you choose. And, with the right provider, you can invest with more flexibility and fewer restrictions than an IRA.

Cash-value policies are often more expensive because they offer coverage for an extended period of time but can be an effective way to grow your wealth and pass it on to future generations.

 

What Our Clients Say

I would highly recommend Bill.

Last year I transitioned onto Medicare. With Bill's assistance we navigated the services he could offer and I enrolled in the Medicare programs that met my needs. A very easy and enjoyable process. Bill provided great follow up to ensure the programs were working as he presented them. I would highly recommend Bill.

Morrie M.

Summit Insurance Solutions
5.0
2019-01-17T00:28:33+00:00

Morrie M.

Last year I transitioned onto Medicare. With Bill's assistance we navigated the services he could offer and I enrolled in the Medicare programs that met my needs. A very easy and enjoyable process. Bill provided great follow up to ensure the programs were working as he presented them. I would highly recommend Bill.

Totally Impressed!

I have used the services of Bill for several years & have been totally impressed with his knowledge and service.

Andrea P.

Summit Insurance Solutions
5.0
2019-01-17T00:33:31+00:00

Andrea P.

I have used the services of Bill for several years & have been totally impressed with his knowledge and service.

We have recommended you to other friends…

Larry and I have known you for many years.. After your Dad was nice to recommend your service to us we have been very pleased with our service that you have provided. We have recommended you to other friends and they have been pleased with your service.. Today the health insurance is tricky with so many hidden costs and you were able to address any costs that we would be facing.. Thank You, Laura

Laura Schodowski

Summit Insurance Solutions
5.0
2019-01-17T00:35:21+00:00

Laura Schodowski

Larry and I have known you for many years.. After your Dad was nice to recommend your service to us we have been very pleased with our service that you have provided. We have recommended you to other friends and they have been pleased with your service.. Today the health insurance is tricky with so many hidden costs and you were able to address any costs that we would be facing.. Thank You, Laura

Bill is a consummate professional.

Bill is a consummate professional that takes the time to understand your specific needs as it relates to insurance and then make recommendations that are tailored to you and your family. He is extremely knowledeable and very responsive.I would thoroughly recommend engaging in a conversation with him as it relates to your healthcare and other associated insurance needs.

Trevor B.

Summit Insurance Solutions
5.0
2019-01-17T00:51:59+00:00

Trevor B.

Bill is a consummate professional that takes the time to understand your specific needs as it relates to insurance and then make recommendations that are tailored to you and your family. He is extremely knowledeable and very responsive.I would thoroughly recommend engaging in a conversation with him as it relates to your healthcare and other associated insurance needs.

Saving us hundreds of dollars.

My wife and I live on Hilton Head Island S.C. and Bill has handled our Medicare Supplement needs very professionally while saving us hundreds of dollars. I recommend that you contact Bill and see what he can do for you.

Tom A.

Summit Insurance Solutions
5.0
2019-01-17T00:53:02+00:00

Tom A.

My wife and I live on Hilton Head Island S.C. and Bill has handled our Medicare Supplement needs very professionally while saving us hundreds of dollars. I recommend that you contact Bill and see what he can do for you.

Bill is terrific.

Bill is terrific. We spent a considerable amount of time researching options online for healthcare, and thought we knew what we wanted; Bill was able to look at each one and tell us what we didn't know about it- often times helping us avoid significant costs we wouldn't have seen coming. Basically he steered us to the right plans, making sure our needs were made, quickly, efficiently, and affordably. It was a comfort to know we were working with someone who knew his stuff and could identify what was really important to us. I highly recommend him for sole proprietors and small businesses.

Jeff S.

Summit Insurance Solutions
5.0
2019-01-17T00:54:09+00:00

Jeff S.

Bill is terrific. We spent a considerable amount of time researching options online for healthcare, and thought we knew what we wanted; Bill was able to look at each one and tell us what we didn't know about it- often times helping us avoid significant costs we wouldn't have seen coming. Basically he steered us to the right plans, making sure our needs were made, quickly, efficiently, and affordably. It was a comfort to know we were working with someone who knew his stuff and could identify what was really important to us. I highly recommend him for sole proprietors and small businesses.

I Would Highly Recommend Bill.

My wife and I decided to apply for Long-Term Care Insurance and didn't know where to begin looking for a reasonably priced plan. Bill helped us by shopping around for us, getting us a great policy and even working with us during the process of navigating through the insurance questions and issues as they arose. I would highly recommend Bill and his services to everyone with insurance needs.

Bill & Noreen R

Summit Insurance Solutions
5.0
2019-01-17T23:37:26+00:00

Bill & Noreen R

My wife and I decided to apply for Long-Term Care Insurance and didn't know where to begin looking for a reasonably priced plan. Bill helped us by shopping around for us, getting us a great policy and even working with us during the process of navigating through the insurance questions and issues as they arose. I would highly recommend Bill and his services to everyone with insurance needs.

Turning 65 and eligible for Medicare I was aided by Bill to navigate through all of Parts B and D and a few other letters of supplemental insurance. Bill did an excellent job explaining everything to me providing alternatives and comparisons. In fact, he was so knowledgeable my wife and I not only purchased these policies but also bought long term care policies. I have recommended Bill to others and they also have been very pleased with his exceptional service.

Bruce & Linda S

Summit Insurance Solutions
5.0
2019-01-17T23:38:24+00:00

Bruce & Linda S

Turning 65 and eligible for Medicare I was aided by Bill to navigate through all of Parts B and D and a few other letters of supplemental insurance. Bill did an excellent job explaining everything to me providing alternatives and comparisons. In fact, he was so knowledgeable my wife and I not only purchased these policies but also bought long term care policies. I have recommended Bill to others and they also have been very pleased with his exceptional service.
5
8
Save up to 58% on your life insurance
Get Quotes