LIFE
Insurance
Life insurance provides financial protection and peace of mind, helping to cover expenses like mortgages, education, or day-to-day living if the unexpected happens. Whether you’re looking for term, whole, or universal life insurance, we’ll help you find the policy that fits your goals and budget—because securing your family’s future is priceless.
Peace of Mind for Your Loved Ones
Life insurance ensures your family is financially protected if the unexpected happens. It can cover living expenses, mortgage payments, education, and end-of-life expenses so your loved ones have less stress during a difficult time.
Strong Consumer Protections
In Florida, life insurance policies include safeguards like a 30-day grace period for late payments and a 14-day free-look period to review or cancel your policy for a full refund.
Affordable and Flexible
From term life for temporary needs to whole life for lifelong coverage, there’s a policy to fit every budget and goal.
INSURANCE
life
Life insurance in Florida is governed by specific terms and conditions designed to protect policyholders and ensure transparency. Key aspects include:
1. Policy Provisions:
Entire Contract Clause: The policy and the application constitute the complete agreement between the insurer and the insured.
Grace Period: Policyholders are granted a minimum of 30 days to pay overdue premiums before the policy lapses.
Incontestability Clause: After a policy has been in force for two years, the insurer cannot contest its validity, except under specific conditions like non-payment of premiums.
2. Consumer Protections:
Free-Look Period: New policyholders have at least 14 days to review their policy and cancel for a full refund if unsatisfied.
Disclosure Requirements: Insurers must provide clear information about policy terms, premiums, benefits, exclusions, and limitations to ensure consumer understanding.
3. Regulatory Oversight:
Licensing: Agents and brokers must be licensed by the state to sell life insurance products, ensuring they meet educational and ethical standards.
Guaranty Association: In cases where an insurer becomes insolvent, the Florida Life & Health Insurance Guaranty Association provides coverage up to certain limits to protect policyholders.
It's essential to review your policy documents carefully to understand the specific terms, conditions, and exclusions applicable to your coverage. A BetOnYou licensed insurance agent will provide personalized guidance tailored to your needs.
A BetOnYou licensed professional will help you review life insurance policies to fully understand the terms, conditions, and protections available under Florida law.
Learn about our competitive prices
Frequently Asked Questions
1. Do I really need life insurance?
If your loved ones depend on your income, life insurance provides financial security to cover expenses like mortgages, education, or daily living costs in your absence.
2. What’s the difference between term and whole life insurance?
Term Life: Coverage for a set period (e.g., 10, 20, or 30 years).
Whole Life: Lifetime coverage with a savings component that grows over time.
3. How much life insurance do I need?
The amount depends on your income, debts, and family needs. A general rule is 5–10 times your annual salary, but we can help customize the right amount for you.
4. Are life insurance payouts taxable?
No, life insurance payouts are usually tax-free for your beneficiaries.
