Life Insurance From Bradish
Serving Chicago, Arlington Heights, Des Plaines, Palatine, Elk Grove Village and more!
Your family is at the heart of everything you do. Ensuring their future is secure—even if the unexpected happens, can bring invaluable peace of mind. At Bradish Insurance, we know that life is full of twists and turns, and our goal is to help things go right for you, no matter what lies ahead. Whether you’re exploring term life or permanent life insurance options, we’ll guide you toward coverage tailored to your needs and budget.
Why Consider Life Insurance?
Life insurance is more than just a safety net; it’s an investment in your loved ones’ well-being. In the event of your passing, a life insurance policy can help:
- Cover funeral and burial costs
- Pay off mortgages, debts, or estate taxes
- Maintain your family’s standard of living
- Fund your children’s education
- Keep a family business running smoothly
By securing the right coverage, you ensure that your family’s dreams for the future can still become realities—even if you’re no longer there to see them through.
Two Types of Life Insurance
Term Life Insurance
- Cost-Effective Coverage: Term policies generally offer lower premiums, providing substantial protection at an affordable rate.
- Set Coverage Period: You choose the term—often 10, 15, 20, or 30 years. If you pass away during this period, your beneficiaries receive a death benefit.
- Simplified Focus: Ideal for covering significant debts (like a mortgage) or future expenses (like college tuition) for a specific time frame.
Permanent Life Insurance
- Lifetime Protection: As long as your premiums are paid, your coverage remains in force, giving you continuous peace of mind.
- Cash Value Growth: Permanent policies—often referred to as whole life or universal life—can accumulate cash value over time. You may be able to borrow against or withdraw these funds if the need arises.
- Locked-In Premiums: Many permanent policies have a level premium, so your rates won’t climb as you age or if your health status changes.
Using Your Life Insurance While You’re Alive
One of the unique advantages of permanent life insurance is the potential to access your policy’s cash value while you’re still living. Options may include:
- Borrowing Against Your Policy: Some policies let you take out a low-interest loan using your cash value as collateral.
- Partial Withdrawals: Depending on your policy, you may be able to withdraw a portion of the accumulated funds.
- Selling or Surrendering the Policy: In certain cases, you can sell your life insurance policy or surrender it for its cash value. Keep in mind that fees or tax implications may apply.
Every policy is different. Our team will walk you through the fine print and help you decide if using your life insurance benefits early is right for your situation.
Additional Coverage Options
Depending on your needs, Bradish Insurance can also assist with:
- Long-Term Care Insurance: Provides support if you ever require extended nursing care or in-home assistance.
- Disability Insurance: Replaces a portion of your income if you become unable to work due to injury or illness.
- Key Person Insurance: Protects your business by helping cover financial losses if a critical employee or partner passes away.
- Group Life Insurance: Offers group rates and terms for employers seeking life insurance for their staff.
Life Insurance Costs and Considerations
Life insurance isn’t one-size-fits-all. The cost of your policy depends on factors like:
- Age and health
- Coverage amount
- Term length or policy type (term vs. permanent)
- Additional riders or endorsements
As your life changes—marriage, a new home, children, or a career shift—so will your coverage needs. Our dedicated team in Arlington Heights makes it simple to review, update, or expand your policy whenever life takes a new turn.
We’re Here to Help Things Go Right
From Palatine to Mount Prospect, Schaumburg to Des Plaines, Bradish Insurance is proud to serve families and businesses across northwest Chicago. Our seasoned agents bring more than 50 years of collective experience, ensuring you receive knowledgeable guidance every step of the way.
Ready to Get Started?
Contact Bradish Insurance today to discuss your life insurance options or to request a personalized quote. With us by your side, you can rest easy knowing you’re protecting what matters most—and helping things go right for the people you love.
Bradish Insurance
Protecting Families in Arlington Heights and Beyond for Over 50 Years We’re here to help things go right.