• About
    Us
    • About Us
    • Meet Our Staff
    • Our Insurance Carriers
    • Customer Reviews
  • Auto, Home &
    Personal Insurance
    • Auto Insurance
    • Boat & Marine Insurance
    • Condominium Insurance
    • Flood Insurance
    • High Net Worth Coverage
    • Homeowners Insurance
    • Motorcycle Insurance
    • Pet Insurance
    • Renters Insurance
    • – View All Personal
  • Business
    Insurance
    • Business Interruption Insurance
    • Business Owners Package Insurance
    • Commercial Auto Insurance
    • Commercial Property Insurance
    • Commercial Umbrella Insurance
    • General Liability Insurance
    • Hotel & Motel Hospitality Insurance
    • Manufacturers Insurance
    • Professional Liability (E&O) Insurance
    • Surety Bonds
    • Workers’ Compensation Insurance
    • – View All Business
  • Life
    Insurance
    • Individual Life Insurance
    • Final Expense Insurance
    • – View All Life
  • Policy
    Service Center
    • Online Billing & Payments
    • File A Claim
    • Certificate of Insurance Request
    • Policy Change Request Form
    • Auto ID Card Request Form
    • Insurance Resources
    • – View All Policy Service
  • Insurance
    Blog
  • Contact
    Us
    • Powell Office
    • Refer a Friend
    • Meet Our Staff
    • Secure Contact Form
Great Lakes Insurance

Insuring Powell
and All of Ohio
Call (614) 841-4444

Home / Life Insurance / Individual Life Insurance

Individual Life Insurance

Middle-Aged Woman and Young Girl Smile at the Camera while Sitting on Their Bicycles

Life insurance from Great Lakes Insurance can help you secure your family's financial future by providing the funds they need to: cover burial expenses, uninsured medical bills, pay off your mortgage and other outstanding debts, and maintain a comfortable standard of living.

There are a variety of life insurance policies that we can provide. The kind of policy you choose depends on your needs:

Term Life Insurance

Term life insurance is a low-cost way of providing maximum coverage for your family. Protection is provided for a limited number of years. The insurance expires without value if the insured lives beyond the policy period, usually 5 to 30 years.

Term insurance premiums will not increase during the guaranteed policy time period (term) you select. Term life insurance pays a death benefit only if you die during that term. Term insurance generally provides the largest insurance protection for your premium dollar.

Term life Insurance remains in force for as long as premiums are current, provided there are no misrepresentations on the application. The insurance coverage terminates if you discontinue your premium payments.

Universal Life Insurance

Universal life insurance is characterized by great flexibility. Policyholders can determine the amount and frequency of premium payments (i.e. the more you pay, the less time you will need to pay). Your premiums cover the insurance part, as well as the savings or investment element and the expense part. The stated interest on the investment portion changes along with movement in interest rates; moves in 1/4 % interest steps are typical as banks and other financial institutions make similar moves.

Whole Life Insurance

Whole life insurance provides permanent protection for the whole of life, from the date of policy issue to the date of the insured's death, provided that premiums are paid. Premiums are set at the time of policy issue and remain level for the policy's life. Unlike term insurance, whole life combines insurance protection and savings or cash value which builds over time. Cash value build-up may provide a source for living benefits, for example, helping pay off a mortgage, or a child's education, or cash surrender value if the policy is ever canceled.

These products are continually changing, and we can provide you with the latest information and policies available!

Great Lakes Insurance offers free, comparative quotes on Individual Life Insurance from multiple insurance carriers so you can get the best possible rate.

Want to see how much we can save you? Just request a quote to find out.

Powell Insurance Quotes

  • This field is for validation purposes and should be left unchanged.

John Curry
Always greatJohn C., Powell, OH
MD
5-Star!Matthew D., Powell, OH
SP
5-stars!Sherry P., Ohio, United States
JB
I could not have asked for a better company for coverage.Jeanne B., Powell, Ohio
Rick S.
Bob Green and Pam and the rest of his staff are fantastic.Rick S., Powell, OH
See All ReviewsSee All Reviews

ABOUT US

  • About Us
  • Meet Our Staff
  • Our Insurance Carriers
  • Customer Reviews

INSURANCE

  • Auto, Home, & Personal Insurance
  • Business Insurance
  • Life Insurance

POLICY SERVICE

  • Policy Service Center
  • File A Claim
  • Online Billing & Payments
  • Policy Change Request

CONTACT US

  • Great Lakes Insurance
    • 47 West Olentangy Street
    • Powell, Ohio 43065
  • Phone: (614) 841-4444
  • Fax: (614) 841-4440
47 West Olentangy Street  Powell OH 43065
Google Maps (opens in new tab)Yelp (opens in new tab)LinkedIn (opens in new tab)RSS (opens in new tab)
Great Lakes Insurance Provides Auto/Car Insurance, Home Insurance, and Business/Commercial Insurance to All of Ohio, Including Powell, Dublin, and Columbus.
© Copyright 2023, Great Lakes Insurance | Privacy Statement | Accessibility Statement | Login
BrightFireWebsites for Insurance(opens in new tab)