Life Insurance

Assurance for You & Your Loved Ones

Life insurance keeps your family secure when you can’t be there to provide for them. Guerra Insurance helps Kansas families find coverage that protects those who depend on you most.

Nobody likes thinking about death. But your family still needs to pay the mortgage after you’re gone. Your kids still need money for college. Your spouse still needs to cover daily expenses. Life insurance creates a financial safety net that catches your family when the unthinkable happens.

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Your Guide to Life Insurance Coverage

Term Life Insurance

Term life insurance covers you for a set period—usually 10, 20, or 30 years—with affordable premiums. If you pass away during that time, your loved ones receive the full death benefit. It’s ideal for families with temporary needs, like paying off a mortgage or helping kids through college. Term life offers coverage for the lowest cost and fits many families’ budgets while raising kids.

Whole Life Insurance

Whole life insurance lasts your entire life with premiums that never change. It builds cash value over time, which you can borrow from if needed. Though more expensive than term life, it guarantees lifelong protection and a payout whenever you pass away. Many families use whole life both as lasting coverage and a slow-growing, dependable savings tool.

Universal Life Insurance

Universal life insurance offers flexible coverage you can adjust as life changes. You can raise or lower your premiums or death benefit over time. The policy builds cash value that grows based on market performance or a minimum guaranteed rate. This flexibility makes it a good choice for families with changing incomes or evolving financial goals.

Final Expense Insurance

Final expense insurance helps cover funeral, burial, and other end-of-life costs. Coverage typically ranges from $5,000 to $25,000, with easy approval and no medical exam in most cases. Because the amount is smaller, premiums stay affordable. Many Kansas families choose it to ease the financial burden on loved ones when the time comes.

Why You Need Life Insurance

Your income supports your family right now. If you died tomorrow, that income disappears. Life insurance replaces your income so your family can maintain their lifestyle.

The money from a life insurance policy can pay your mortgage, so your family doesn’t lose their home. It covers funeral costs that average $8,000 to $15,000 in Kansas. It funds your children’s education. It replaces years of lost income while your spouse figures out the next steps.

Without life insurance, your family faces impossible financial decisions during the worst moment of their lives. With proper coverage, they can grieve without worrying about losing everything you built together.

How Much Life Insurance Do You Need?

Most financial planners recommend coverage equal to 10× your annual income. If you earn $50,000 per year, you’d start with around $500,000 in coverage.

But your actual needs depend on your family and finances — not just a formula.

Key Factors to Consider

Outstanding debts: Include your mortgage, car loans, credit cards, and other balances.
Children’s future needs: Account for college tuition, weddings, and other major milestones.
Spouse’s income: If your spouse earns less or doesn’t work, you’ll need more coverage to replace your income.

Guerra Insurance helps you calculate coverage that truly protects your family — not just sell you the biggest policy.

How Life Insurance Works With Other Coverage

Life insurance is one of the most important pieces of your overall protection plan. It works hand in hand with your other policies to create full financial security.

Your auto, home, or business insurance protects the things you’ve built. Life insurance protects the people who depend on them. Together, they ensure that if something unexpected happens, your loved ones can keep their home, maintain their lifestyle, and stay financially secure.

At Guerra Insurance, we look at the full picture, not just one policy. We’ll help you coordinate your coverages so that everything works together to protect your future from every angle.

For business owners, life insurance can also help protect partnerships, key employees, or provide funding for succession plans — making sure the business continues smoothly, no matter what happens.

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Why Choose Guerra Agency for Life Insurance

Most people buy life insurance once and never think about it again. You need an insurance agent who explains coverage clearly the first time so you don’t end up with gaps later.

Guerra Insurance works as an independent agent, shopping multiple life insurance companies on your behalf. We compare coverage options and prices across different carriers, ensuring you get the best combination of affordable premiums and solid protection.

We explain policies in plain English or Spanish. No insurance jargon. No confusing terms you have to look up later. Just honest guidance about what coverage your family actually needs.

We help you through the application process, often requiring medical exams and detailed health questions. We coordinate with insurance companies so you don’t waste time dealing with paperwork and phone calls.

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Frequently Asked Questions About Life Insurance

Term life insurance costs less than most families expect. A healthy 35-year-old can get $500,000 in 20-year term coverage for $25 to $40 monthly. A 45-year-old typically pays $50 to $80 monthly for the same coverage. Whole life insurance costs significantly more because it covers you for life and builds cash value. The same $500,000 in whole life coverage might cost $400 to $600 monthly. Your specific rate depends on your age, health, lifestyle habits, and the type of coverage you choose. Guerra Insurance compares rates across multiple life insurance companies to find you the most affordable option for your situation.

Your age matters most. Younger people pay lower premiums because they’re less likely to die during the policy term. Health conditions impact your rate significantly. High blood pressure, diabetes, or heart disease increase premiums. Some conditions might make you uninsurable with traditional policies. Tobacco use raises premiums substantially, sometimes doubling your cost. Your family health history affects rates. If your parents died young from heart disease or cancer, you might pay more. Your occupation matters if you work in high-risk jobs. Dangerous hobbies like skydiving or rock climbing can increase premiums. The type and amount of coverage you choose directly impact cost. Term life costs less than permanent coverage. Guerra Insurance helps you understand how these factors affect your specific premium.

Most traditional life insurance policies require a medical exam, especially for larger coverage amounts. The insurance company sends a paramedical professional to your home or office. They check your blood pressure, draw blood, collect urine samples, measure your height and weight, and ask health questions. The entire exam takes 20 to 30 minutes. Some policies offer simplified underwriting with just health questions and no exam. These typically cost more or provide lower coverage amounts. Final expense insurance and burial insurance often require no medical exam at all. No-exam policies might be your only option if you have serious health conditions. Guerra Insurance helps you find coverage that fits your health situation and budget.

For term life insurance, your coverage ends if you stop paying premiums. You typically get a 30-day grace period to catch up. After that, the policy lapses, and your beneficiary receives nothing if you die. You lose all the premiums you paid. Whole life insurance handles this differently because of the cash value component. You might be able to use the accumulated cash value to keep the policy active temporarily. Some policies automatically convert to reduced paid-up insurance using the cash value. Universal life insurance might continue using cash value to pay premiums until the cash value runs out. If you’re struggling with premiums, contact Guerra Insurance immediately. We often find solutions like reducing your coverage amount or adjusting payment schedules before your policy lapses.

Yes, but your options and costs depend on the specific health condition. Controlling high blood pressure or high cholesterol might increase your premium by 25-50% but it won’t prevent coverage. Well-managed diabetes might qualify for standard rates with some insurers. Cancer survivors often qualify after being cancer-free for several years. Severe heart disease, recent strokes, or active cancer make traditional coverage difficult or impossible. For serious health issues, consider guaranteed issue life insurance. These policies accept anyone regardless of health, but provide smaller death benefits and cost more per dollar of coverage. Final expense insurance often accepts people with health problems that traditional insurers decline. Guerra Insurance knows which life insurance companies are most lenient with specific health conditions. We shop multiple carriers to find you coverage even with health challenges.

Your beneficiary receives the death benefit when you die. This is usually your spouse, children, or other family members. You can name multiple beneficiaries and split the death benefit in any percentages you choose. A contingent beneficiary (also called a secondary beneficiary) receives the money only if your primary beneficiary dies before you or simultaneously. Think of them as your backup plan. If you name your spouse as the primary beneficiary and they die in the same car accident, your contingent beneficiary receives the money instead. Without a contingent beneficiary, the death benefit might go through probate court. Always name both primary and contingent beneficiaries. Review these designations every few years or after major life changes like births, deaths, divorces, or marriages.

Permanent life insurance policies, like whole life and universal life, build cash value you can access during retirement. The cash value grows tax-deferred like a retirement account. You can withdraw or borrow against this cash value to supplement retirement income. Some families use whole life insurance as a conservative savings vehicle that provides a death benefit. The guaranteed growth rate is typically low, around 2-4% annually. Term life insurance doesn’t help with retirement income because it only pays if you die during the term. Most financial experts recommend maxing out 401(k) and IRA contributions before using life insurance for retirement savings. Guerra Insurance can explain how permanent life insurance fits your financial plan, but we’re not financial advisors. We recommend working with a financial planner for comprehensive retirement planning.

Your life insurance coverage continues if you move to another state. Life insurance policies are portable nationwide. You don’t need to cancel and reapply when you relocate. Your premiums stay the same. Your coverage remains identical. You should update your address with the insurance company so they can reach you and send annual statements. We can still service your policy remotely if you work with Guerra Insurance and move away from Wichita. Some families maintain relationships with us even after moving because we know their situation and history. Your beneficiaries can file claims regardless of where you or they live when you die.

Employer-provided life insurance offers convenience and sometimes doesn’t require medical exams. But it typically only provides one to two times your annual salary in coverage. If you earn $60,000, you might get $60,000 to $120,000 in coverage through work. That’s rarely enough for families with mortgages, children, or significant debt. You lose your employer coverage if you change jobs or get laid off. Employer life insurance often costs more per dollar of coverage once you reach your 40s or 50s. Individual policies you purchase stay with you forever, regardless of employment changes. You lock in rates based on your age when you apply. Buying your own policy in your 30s and keeping it for decades often costs less than relying on employer coverage that gets expensive as you age. Guerra Insurance recommends viewing employer coverage as a supplement, not your primary life insurance protection.

Simple term life insurance applications can be approved in 24-48 hours if you qualify for accelerated underwriting. These decisions use algorithms and your medical history records rather than requiring exams. Traditional applications with medical exams typically take 4-6 weeks from application to approval. The exam itself happens within a week of applying. Lab results take 7-10 days to process. The insurance company’s underwriters review everything and make their decision. Complicated medical histories can extend the timeline to 8-10 weeks if the insurer requests additional records from your doctors. Final expense insurance and guaranteed issue policies are often approved immediately or within days since they don’t require exams. Guerra Insurance tracks your application through every step and follows up with insurance companies to prevent unnecessary delays.

Cash value applies only to permanent life insurance, like whole life and universal life. Part of each premium payment goes toward the death benefit. The rest goes into a cash value account that grows over time. Think of it like a savings account attached to your life insurance. The growth is guaranteed in whole life policies, typically 2-4% annually. Universal life cash value growth varies based on market performance or interest rates. You can borrow against your cash value while you’re alive. These loans don’t require credit checks or approval. Interest rates are typically low, around 5-8%. You never have to repay the loan, but any outstanding loan balance plus interest gets subtracted from the death benefit. Cash value grows slowly in the early years because of fees and expenses. It might take 10-15 years before significant cash value accumulates. Some families surrender their policy later in life and take the cash value as a lump sum.

Yes, you can own multiple life insurance policies from different insurance companies. Many families do this strategically. You might have a large term life policy to cover your mortgage and children’s needs until they’re adults. You might also carry a smaller whole life policy for permanent coverage and estate planning. Each policy is separate with its own premiums and beneficiaries. Insurance companies might question why you need extensive coverage relative to your income. They want to make sure you’re not over-insured and not planning fraud. However, reasonable coverage from multiple insurers is entirely standard and legal. Sometimes buying policies at different times makes financial sense as your needs and health change. Guerra Insurance can help you coordinate multiple policies to ensure you have the right total coverage without gaps or unnecessary overlap.

Most married people name their spouse as the primary beneficiary. You might name your children as contingent beneficiaries in case your spouse dies before or with you. Single parents often name their children as equal beneficiaries with a trusted adult designated as custodian until the children reach adulthood. If you name minor children directly, the money goes through court supervision until they turn 18. Consider creating a trust and naming the trust as the beneficiary instead. Never name your estate as a beneficiary unless you have no other option. This forces the money through probate court, which delays payment and creates expenses. Be very specific with names. Use full legal names, not nicknames. Include Social Security numbers if possible. Review your beneficiary designations every 2-3 years and after significant life events like births, deaths, marriages, divorces, or adoptions. Divorce doesn’t automatically remove your ex-spouse as a beneficiary in most states. You must actively change it.

Burial insurance (also called final expense insurance) specifically covers end-of-life costs. The coverage amounts are smaller, typically $5,000 to $25,000. The application process is more straightforward, often requiring just a few health questions. No medical exam is needed. Almost anyone can qualify regardless of health conditions. Premiums are usually affordable, ranging from $30 to $150 per month, depending on age and coverage amount. The money is meant explicitly for funeral costs, burial or cremation, medical bills, and other final expenses. Regular term or whole life insurance provides much larger coverage amounts to replace income and pay off significant debts. These policies require detailed health information and often medical exams. Younger, healthy people should buy regular life insurance. Older individuals or those with serious health problems usually find burial insurance easier to qualify for and more appropriate for their needs.