Life Insurance
Are you protecting your loved ones financially? Life insurance can be the final act of love for your family after you pass away.
Life insurance issued by Hoover Insurance NW
What is life insurance?
Life insurance is designed to offer a financial safety net for the people you care about most after you're gone. In simple terms, this is how it functions: you make regular premium payments, and in return, the insurance provider guarantees a lump-sum payout to your designated beneficiaries upon your passing.
Selecting life insurance coverage
Young professionals, busy families, retirees, business owners — no matter where you are in life, thinking about your short- or long-term financial goals often comes with questions. For some, life insurance may be a simple answer.
Types of life insurance
Term life insurance
Provides coverage for a specific period of time without increasing cost and provides a death benefit as long as you keep paying premiums until the policy term expires¹.
Learn more
Whole life insurance
Lasts your lifetime², which means that as long as you pay your premiums, your beneficiaries will receive a payment based on the amount of your coverage.
Learn more
Universal life insurance
Like whole life, designed to last your lifetime² as long as you pay your premiums but comes with more options for flexibility while your policy is in effect.
Learn moreWhat type of life insurance do I need?
You can choose a term or permanent (whole or universal) life insurance policy to address your own financial and personal situation.
Term life insurance
May be ideal for you if:
- More affordable coverage is a primary goal.
- You want coverage for a specific period of time. For example, to provide for your loved ones if you die while your children are in college (to pay tuition) or while you have a mortgage (to help pay the loan).
- You want to leave an inheritance or money for funeral costs or other final expenses.
Permanent life insurance
May be ideal for you if:
- You have a lifelong dependent, such as a child with disabilities.
- You want to leave a legacy for your heirs to help pay estate or inheritance taxes.
- You want the option of using the available cash value³ to help:
- Pay for large purchases or settle expensive debts
- Pay medical bills during an illness
- Save or pay for college
- Provide financial support to loved ones in a time of need, or
- Cover caregiving expenses, like time off work to help a family member
Frequently asked questions
Learn From Experience
What Factors Drive Life Insurance Calculations?
What Should I Know Before Buying Life Insurance?
What Are Living Benefits on a Life Insurance Policy?
What Is Permanent Life Insurance?
Why Hoover Insurance NW®
For generations, customers have turned to Hoover Insurance NW to help as they protect the financial future of their loved ones. From term to permanent life insurance options, customers use our products to help them plan for the future of their loved ones, businesses or both.
- Apply securely online or with the assistance of an agent
- Same-day underwriting decisions, with no medical exams⁴
- Express claims service
- Bundle your insurance coverage, under one brand you know
- Discounts available for current customers⁵
¹ Premiums are subject to change after the initial level premium period.
² Lifetime coverage (or life of the policy) is guaranteed as long as all premiums are paid to keep the policy in force.
³ Cash values may be accessible through policy loans or partial surrenders. Policy loans that are not repaid and partial surrenders will reduce cash surrender value and death benefit. Policy loans are subject to interest charges. If your policy is a modified endowment contract, loans and surrenders may incur taxes and penalties.
⁴ Issuance of a policy may depend on answers to questions set forth in the application, including any conditions that are disclosed pertaining to the health of the insured.
⁵ Discounts available on selected life insurance products and may not be available in all states. Contact your agent to see if you qualify for the discount.
FCS-0583-24 09-25
Getting started is easy!
Tell us what you need
Start online or call our office. It only takes a few minutes.
We compare options
Our team shops multiple carriers to find the right fit.
You choose with confidence
We explain the differences before you decide.
Ready to compare your coverage options?
Prefer to talk first?
Call 360-658-4149
