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Life Insurance

Popular Kinds of Personal Insurance



Evelyn's Story

A Reward for a Life Well Lived

Evelyn Smith and her husband purchased life insurance when they were 55 years old. When her husband passed at age 79, Evelyn was well-taken care of by his whole life insurance policy. Not only had Evelyn and her husband purchased life insurance, but they used this as an investment opportunity for their families as well.

As Evelyn grows older, she is happy to know that Insurance Maestro has her covered, and will take care of everything if something should happen to her. Transitioning her life insurance policy to Insurance Maestro was easy, and now, she feels more informed about her policy than ever before.

A Quick Guide to Life Insurance

At Insurance Maestro, we understand you want to find the best Life Insurance possible. It needs to strike the right  balance between affordable and comprehensive. Our friendly team of insurance experts are here to support you, and we’re always happy to answer any questions you might have.

Frequently Asked Questions
about Life Insurance

Which is best, term or whole life coverage?

This depends on your business, family, and financial circumstances. Term life coverage is cheaper than whole life insurance. However, once your term is up, you receive no benefit. Whole life insurance will cost more, but the investment element makes it an appealing choice for many.

How much life insurance do you need?

There is no single answer; your individual assets, expenses, goals, and family circumstances will ultimately determine the amount you need to buy. An insurance agent can help you crunch the numbers and figure out the right level of coverage for your needs.

How is the cost of life insurance calculated?

Term life insurance is calculated by accounting for a person’s age, gender, health, and the level of coverage that is being purchased.

Can you cash out a whole life insurance policy?

Generally speaking, you are able to withdraw a limited amount of money from a whole life policy. In some cases, the withdrawal is non-taxable. However, taking the cash value from your insurance is a big decision with lasting impacts. So, it should never be taken lightly.

We're Here For You

We want to help you find the best Life Insurance for your individual needs. If you contact us directly, our friendly team of experts will be happy to talk to you and offer guidance about the different types of coverage you might need to buy.

Thinking about Life Insurance?

Read this first.


At Insurance Maestro, we’re here to make the process of buying life insurance quick and easy. Our team of personal insurance experts can give you the answers you need about life Insurance, while offering guidance that takes into account your unique position.

Buying personal life insurance isn’t something anyone likes to have in the forefront of their mind for too long. So, to help you find and buy the right life insurance, we’ve put together a quick guide, covering some of the most typical questions our team is asked.

Don’t forget, you can always speak to us directly for tailored guidance.

Personal Life Insurance – Explained

Life insurance is designed to provide a source of income to your dependents in the event of your death. You can choose the beneficiary, be it a partner, a child, or another relative who is deemed to be financially dependent on you. As will all insurance, you can buy different levels of coverage that are tailored to your specific needs. 

The two main types of life insurance are term life insurance and whole life insurance. 

Term Life Insurance 
Simply choose how much money you want to have paid out in the event of your death, and how long you need the coverage to last for. If you’ve got a college fund or mortgage to think about, then this is a sound choice. Be mindful that this will only last for a predetermined term, and the later in life you buy it, the more it will cost. 

Whole Life Insurance 
Also known as permanent life insurance, this works in two ways; being life insurance, but also an investment. Some of your premiums go toward your ‘investment pot’, the other part goes toward your insurance. It costs more than term life insurance, but as long as you keep up with your payments, it’s in place for the whole of your life. 

When you get into the details of permanent life insurance, there are different investment options to choose from. It’s also possible to use the money in the investment account to pay some or all of your premiums.

Choosing between whole and term life insurance

If you simply want to make sure that your major family commitments won’t become a burden on your family if you die, such as a mortgage or college fees; then term life insurance can give you coverage up to a specific point or date in time. If affordability is important, then this costs less than whole life coverage, but once your term is up, the money is gone. With whole life insurance, you can expect to pay a higher premium. However, you’re always going to get a portion of this money back, as you build up equity over time.

Got a question? We’ve got answers.

Our team of Personal Insurance experts will be happy to chat with you about your unique needs. Contact us today, and we’ll work through the options with you.

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