Get the reassurance that your loved ones will have what they need with individual life insurance.
An important investment you can make for your family.
Individual life insurance is arguably one of the biggest investments you can make in securing the future of your loved ones. It’s a complicated subject, but don’t let that put you off. Discussing and understanding the different types of life insurance will help you make the decision that works for you and your family.
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Providing for Your Family
Risk Factor
Raising a child can be a rewarding life experience, but it is also very expensive. It costs hundreds of thousands of dollars to raise a child to age 18, with college tuition, fees, room, and board resulting in another potentially enormous expense. If you were to die tomorrow, would funds be available to provide for food, clothing, day care, and educational expenses for your child?
Solution
Having life insurance could secure the future for your children if you have an untimely death. With a life insurance policy, there could be enough income to help pay for everything your child might need while growing up.
Mortgage Payments
Risk Factor
After your death, any outstanding debt and financial obligations do not disappear. Your home is probably the costliest and most significant property you own. A mortgage payment is a large burden for a spouse or partner to carry.
Solution
A life insurance policy would allow your spouse or children to pay off your outstanding debts and spare them the stress of making monthly payments on the home.
Auto Payments
Risk Factor
Many families lease or finance their automobiles these days. If the primary earner in the family were to die, the family could be left with outstanding car payments for years to come.
Solution
A life insurance policy would allow your spouse or children to pay off your outstanding debts and spare them the stress of making monthly payments on your car(s).
Funeral Costs
Risk Factor
An average funeral can cost tens of thousands of dollars, and that's without unnecessary options or luxurious services. A death in the family is stressful enough; why add the hefty bill of a funeral to that stress?
Solution
A life insurance policy can easily cover the cost of a funeral. Your family will be able to think of you and have peace of mind without being burdened by funeral costs.
Protecting Your Retirement Savings
Risk Factor
Once you retire, you will be living off social security, and if you are lucky to have them, a pension or retirement fund, too. But what if the surviving spouse has been relying on you to fund retirement for the couple? Premature death of an earner can affect sources of retirement benefits such as Social Security.
Solution
Life insurance can help support a surviving spouse during their retirement.
Protecting Your Small Business
Risk Factor
If you passed away, would your business suffer? There are many complications and financial issues that can arise due to the death of a business owner. Many people overlook this predicament.
Solution
A life insurance policy can keep a business moving along even during tough times, such as the loss of the business owner/partner. Key person life insurance is payable to the company and provides money for training and hiring of a new employee. A buy-sell agreement, funded by life insurance, allows the other partners in the business to buy the deceased’s share of the business, which will provide money for his or her family.
Spousal Support / Income Replacement
Risk Factor
Many people mistakenly think that they don’t need life insurance if they don’t have children or if their children are grown. However, your financial responsibilities fall to your family when you are gone.
Solution
Life insurance can replace the income you would usually bring in and help support your spouse or adult children, ensuring your loved ones are able to maintain the lifestyle they're accustomed to.
How to choose between term, whole, and universal life insurance.
First, you’ll need to determine the type of life insurance you want to buy, with the most common types being term life insurance, whole life insurance, and universal life insurance. Each has its own way of paying out, and the plan you choose may be determined by your individual needs.
What is term life insurance?
With term life insurance, you pay regular premiums for a set period and the policy only pays out if you pass away during this period. You may want to consider a term life policy if you need a large amount of coverage but have a small budget, or if you need to have life insurance for a specific time period. It’s important to know that premiums typically increase the older you get and that certain policies may require a medical examination.
What is whole life insurance?
With whole life insurance, there’s no set period. You usually pay regular premiums until you pass away, at which point the policy pays out. Sometimes you have the option to take a lump sum back while you are still alive, but this will reduce the amount paid out when you pass away. This is the most commonly held type of life insurance, as it provides both a savings account as well as a death benefit.
What is universal life insurance?
Universal life insurance works in a similar way to whole life insurance, but you have more flexibility about taking money early. You may even borrow money and repay it later; although, if there’s any loan outstanding when you die, the policy’s payout can be significantly affected.
Why Life Insurance Matters in Wisconsin
Life insurance provides financial security and peace of mind for you and your loved ones. In towns like Boscobel, Glenwood City, Prairie du Chien, Viroqua, and Westby, Wisconsin, life insurance is not just a policy—it’s a promise to protect your family’s future. Whether you’re a young family starting out, a business owner securing your legacy, or approaching retirement, having life insurance ensures that your loved ones will have the financial resources they need in the event of the unexpected.
In Wisconsin, where strong community ties are a way of life, life insurance helps preserve the lifestyle and stability that families in Boscobel, Glenwood City, Prairie du Chien, Viroqua, and Westby value most. With the cost of living and healthcare rising, life insurance can offset financial burdens such as mortgage payments, education expenses, and end-of-life costs, leaving your family protected.
Tailored Life Insurance Solutions for Wisconsin Residents
At Fleming Insurance Agency, we understand that every individual and family in Boscobel, Glenwood City, Prairie du Chien, Viroqua, and Westby has unique needs. That’s why we offer customizable life insurance policies to match your specific circumstances. From term life insurance for affordable, temporary coverage to whole life insurance for lifelong protection and cash value growth, we have solutions designed for Wisconsin families.
One way life insurance is unique in Wisconsin is the emphasis on community-based values. For residents of Glenwood City, Prairie du Chien, and Viroqua, for instance, ensuring a family farm or small business stays operational across generations is a common concern. Life insurance can provide the financial means to cover estate taxes, business debts, or income replacement to ensure these vital parts of your life endure.
Whether you live in Westby’s rolling hills, Boscobel’s quiet neighborhoods, or Glenwood City’s close-knit community, Fleming Insurance Agency is committed to helping you find the right life insurance plan to secure your family’s future.
What you need to consider before getting life insurance.
The premiums you pay depend heavily on your age and medical history, along with the amount you want the policy to payout. Some policies may also require a medical examination to qualify. Your situation is unique, and the life insurance policy you choose should fit your specific needs.
Are you interested in life insurance to protect the future of your family and loved ones? Contact us to go through the options so you can determine if you need term life insurance, whole life insurance, or universal life insurance.
The Benefits of Working with a Local Wisconsin Agency
When it comes to life insurance, working with a local agency makes all the difference. Fleming Insurance Agency is proud to serve the communities of Boscobel, Glenwood City, Prairie du Chien, Viroqua, and Westby, Wisconsin. We understand the unique challenges and opportunities of living in our state—from planning for unpredictable weather events to ensuring the continuity of Wisconsin’s cherished family businesses.
As part of your community, we offer personalized service, local expertise, and a genuine commitment to your well-being. When you choose Fleming Insurance Agency, you’re not just purchasing life insurance; you’re gaining a trusted partner who cares about the same towns and people you do. With offices near Boscobel, Glenwood City, Prairie du Chien, Viroqua, and Westby, we make it easy to meet in person and provide the guidance you need to make informed decisions.
Don’t wait to secure your family’s financial future. Contact Fleming Insurance Agency today to learn more about life insurance options in Boscobel, Glenwood City, Prairie du Chien, Viroqua, and Westby, Wisconsin.
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