Life Insurance in Connecticut
Street Smart is an independent insurance agency that works with a variety of carriers to offer our customers rate and coverage options for their life insurance.
Located in Hamden, we provide life insurance coverage to individuals and families throughout Connecticut.
Whether you're just looking for a term life insurance policy to offer you protection for the future or a whole life policy to offer you a combination of peace of mind and savings, Street Smart has several coverage and pricing options available.
Insurance for Your Family
Life Insurance is often a topic that people don't want to talk about, but Life Insurance can offer your family a financial safety net if the worst were to happen. Life Insurance is one of the most important gifts you can grant to your family to offer them financial support in a time of need. Your family can use your Life Insurance proceeds to pay for expenses like funeral costs, housing costs, medical bills and anything else they may need if they need to bear a future without you.
Without Life Insurance, families are often left in worry and confusion, not knowing how to make ends meet when they have to continue to raise a family without the financial and overall support of a spouse.
Term Life Insurance
Term Life Insurance provides temporary coverage at an affordable price. When choosing a Term Life Insurance policy, Street Smart can help you decide what term is best suited for your current and future situation, usually increments of 10, 15, 20 or 30 years. Street Smart can also provide an income needs analysis to determine what amount of life insurance would be needed to make up for lost income.
Term Life Insurance offers a guaranteed level premium, which means your annual payments are guaranteed to stay the same, while maintaining guaranteed agreed-upon death benefit for the term chosen.
Term Life Insurance Options
Term Life Insurance offers several different amounts, terms and riders:
- Terms ranging from 10 years to 30 years
- Coverage amounts from $50,000 to $2 million
- Premium payment options from monthly payments to annual payments
- Disability Income Rider, which will pay your premium if you become disabled and unable to pay
- Accelerated Death Benefit Rider, which will pay a portion of your Life Insurance benefit early if you are diagnosed with a terminal illness
With only a few health questions and basic personal information, Street Smart can quote a Term Life Insurance policy in a matter of minutes, giving you a choice of insurer and rate. However, it pays off to talk to one of our licensed life agents who can guide you through the process of helping you decide what policy term, amount and options are right for you.
Permanent (Whole Life) Insurance
Whole Life Insurance differs from Term Insurance because it lasts the insured's lifetime instead of only a defined term and it builds cash value instead of expiring at the end of the selected term.
While Whole Life Insurance is more expensive than Term Insurance, it offers more than just death benefit coverage. Whole Life Insurance is a form of forced-savings and/or a way to leave a legacy behind for your loved ones.
Whole Life Insurance is more than just insurance as it is truly an asset, as long as you continue to pay your premiums, your policy increases in cash value. We often explain to our prospective clients that a Whole Life Insurance policy offers savings, investment and insurance benefits all in one. We often ask our clients if they save $1000 in their bank account every year if the bank will pay out a large sum of money in addition to what is in the account upon their death. The answer is always "no" but with Whole Life Insurance, it would.
Types of Permanent Insurance
Whole Life Insurance: You pay the same exact premium every year and the payout remains the same.
Universal Life Insurance: You have options to change the premium and the payout throughout the life of your policy. You also have more options when it comes to investment of your premium.
Let Us Guide you Through the Process
From helping you choose the right coverage to answering questions about the underwriting process, you need an agency who has been through the process many times before. While we can get you a quick quote to provide you with an estimated price, life insurance requires a conversation. More than a conversation, it requires discussion with your family, some thought and most importantly, a commitment to your family. Contact us today to start the process.
What is a Paramed?
You will often hear the term "Paramed" when applying for Life Insurance. "Paramed" is short for paramedical examination, which is an examination required prior to issuing a Life Insurance Policy. They are usually non-invasive and in many cases require items like blood pressure, urine sample, blood sample and medical history.
Click to get a quick quote or call us at 888-800-7133 to get started.
Located in Hamden, we provide insurance coverage to individuals, families and businesses in New Haven, Cheshire, Milford, Wallingford, North Haven and throughout the Connecticut shoreline.