Individual life insurance in Butler, Saxonburg, Pittsburgh and surrounding areas.

You can’t put a dollar amount on your family, but you can ensure their future is protected. We can’t predict when the unexpected will happen, but we can help you prepare for it when it does.

Life insurance should be a part of your overall financial plan, but how much do you need and what policy is right for you? We can help.

The primary purpose of life insurance is to provide capital to your dependents after you die. The money is an important financial resource. It can help cover funeral costs, pay the mortgage, provide funds to run the household and ensure that your dependents aren’t burdened with debt.

Miller Phillips Insurance’s line of competitive life insurance products can provide financial security for you and your family. Our agency can help you every step of the way.

How can life insurance protect you?

Use the yellow hot spots and explore how life insurance can help protect against common risks.
Life

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.

Types of Life Insurance

Temporary Life Insurance

Temporary life insurance needs include home mortgages, short-term debt reduction, family income and educational expenses that can last from as little as one year to 30 years. Term Insurance provides affordable coverage for a specified number of years. It is the most cost-effective way to cover costs for loved ones left behind. There are a variety of plans ranging from an annual renewable term (1-year plan) to a level term plan that could last 10, 15, 20 or 30 years.

Permanent Life Insurance

Permanent life insurance needs include those that last for your entire life, or potentially for periods of 15 years or more.  Unlike term, permanent life insurance builds a cash value that increases the longer the policy is in force. Permanent needs may include final expenses and funds to cover estate taxes and retirement savings protection. Universal life and whole life plans are ideally suited for meeting these goals. With a permanent life insurance policy from Erie Family Life, you’ll have guaranteed protection for your entire life.

The proper coverage can make all the difference when it comes to the loved ones you leave behind.  We will help you every step of the way.

Let’s discuss your life insurance.

One of our insurance advisors will reach out to you to review your information and present you with the appropriate life insurance solution. There’s no obligation, just good-old-fashioned advice.
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Miller Phillips Insurance offers comprehensive life insurance in Butler, Saxonburg, Pittsburgh and other areas in Western Pennsylvania.