Life Insurance in Redmond, Oregon

What is Life Insurance?

Life insurance is a contract between an individual and an insurance company. In exchange for premium payments, the insurance company promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Types of Life Insurance

Term Life Insurance – or “Term Life”

It provides coverage for a specific period, such as 10, 20, or 30 years, and is usually the most affordable option.

• Decreasing Term: The coverage decreases over the policy’s life at a predetermined rate.
• Convertible Term: Allows policyholders to convert a term policy into permanent insurance.
• Renewable Term: Can be renewed annually, but premiums may increase as you age.

Permanent Life Insurance – or “Perm Life”

It does not expire as long as the premiums are paid. This type of insurance typically accumulates cash value over time. Subtypes include:

• Whole Life Insurance: Features a fixed premium and guaranteed cash value accumulation.
• Universal Life Insurance (UL): Offers more flexibility in premium payments and death benefits.
• Indexed Universal Life (IUL): Ties cash value to a stock market index.
• Variable Universal Life (VUL): Allows the policyholder to invest the cash value.

Finding the Right Policy with QuoteDesign

QuoteDesign, as an insurance brokerage, specializes in helping individuals in Redmond, Oregon, navigate the myriad of options available for life insurance. They provide guidance on choosing the type of policy, coverage amount, and identifying a reliable insurance company.

Leading Life Insurance Companies Accessible through QuoteDesign

QuoteDesign partners with several highly-rated life insurance companies to offer an array of options:

Company	AM Best Rating	Coverage Capacity	Maximum Issue Age	Policies Offered
Nationwide	A+	Over $5 million	85	Term, whole, UL, IUL, VUL, final expense
Protective	A+	Over $5 million	85	Term, whole, UL, IUL, VUL
MassMutual	A++	Over $5 million	90	Term, whole, UL, VUL
Mutual of Omaha	A+	Over $5 million	85	Term, UL, IUL, final expense
Guardian	A++	Over $5 million	90	Term, whole, UL, VUL
USAA	A++	Over $5 million	85	Term, whole, UL
New York Life	A++	Over $5 million	90	Term, whole, UL, VUL

Insurance on your Mind? Choose QuoteDesign in Redmond, Oregon

Helping your loved ones with Financial Security

1. Expertise and Guidance: QuoteDesign’s experienced agents can help you understand the various life insurance options and guide you in making informed decisions.
2. Wide Range of Options: By partnering with multiple insurance companies, QuoteDesign offers a broad range of life insurance policies, allowing you to choose one that best fits your needs.
3. Personalized Service: QuoteDesign focuses on building relationships with clients, ensuring that the service you receive is tailored to your unique circumstances.

Based in Eagle Crest and Redmond. Serving all of Central Oregon