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Individual Life Insurance

Peace of Mind for you and your Loved Ones.

Suwannee Insurance Agency, Inc. provides life insurance to individuals in Live Oak, Lake City, Merritt Island, Gainesville, Madison, Jasper, and surrounding areas.

Individual Life Insurance

Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. 

Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child’s education. It can even be used to continue payments on your mortgage to help ensure that the family home stays in the family.

At Suwannee Insurance Agency, Inc., we know that choosing a Life Insurance plan is a big decision with many important factors to consider. Our knowledgeable team of insurance professionals is committed to walking you through the process and providing you with the best insurance solution to give you and your family the peace of mind you deserve. 

Types of Individual Life Insurance

Suwannee Insurance Agency, Inc. offers several different coverage options for your consideration: term life, whole life, universal life, and variable life insurance.

Term Life – This is typically the simplest and least expensive insurance option. Term life insurance provides coverage at a fixed rate for a specified period of time. It’s a benefit policy that’s used primarily to cover financial responsibilities of the insured, with the benefit to be paid only if the insured were to die during the specified term. Most term life policies can be converted to a more permanent insurance solution such as whole life, variable life, or universal life insurance.   

There are two types of term life insurance: 

  • Annual Renewable Term is purchased for a period of one year, with the death benefit to be paid only if the insured were to die during that one-year term, along with the option to renew after the term period.
  • Level Term Life guarantees a fixed premium for a given period of time, usually in terms of 10, 15, 20, or 30 years. Your premium is based on your age and coverage options, with longer terms being more expensive.?

Whole Life – As the most common type of permanent insurance, a whole life policy guarantees a death benefit for the lifetime of the insured as well as a cash value account for savings. Your premium remains constant throughout the duration of policy while payments over and above your premium are credited to your savings, which earn a fixed rate of interest. 

Universal Life – Universal life policies are designed to be more flexible than other permanent Life Insurance. You are still guaranteed a death benefit for the duration of the policy as well as savings that accumulate cash value, but the flexibility of a Universal Life plan allows you to change certain aspects of your plan to accommodate life changes. 

Depending on your options, you have the flexibility to change the overall value of the death benefit as well as the time and amount in which you pay your premium. This gives you the option to focus on building your policy’s cash value, or pay a lower premium and focus on guaranteed protection. It’s important to note that changes to your universal life policy can affect its guarantees and limits.

Variable Universal Life - With a variable universal life (VUL) Insurance policy, you get the same flexible benefits of Universal Life while being able to take advantage of potential economic growth in the stock market. Instead of creating a cash value for savings, the value of your VUL policy is invested in professionally managed funds that reflect the performance of the stock market. This also means that as the policy owner, you assume the risk and responsibility of monitoring your own investments.

Suwannee Insurance Agency, Inc. is here for you

There are many things to take into account when purchasing life insurance, and changes in your life situation can reflect changes in your insurance requirements. That’s why it’s important to carefully consider the different policy options and ensure that you have the right solution to meet your long-term life insurance needs. 

An insurance specialist with Suwannee Insurance Agency, Inc. will review your current life insurance situation and help you design a policy to plan for the future. 

At the end of the day, one of the biggest investments you can make is an investment in yourself. 

 

Our Locations

Suwannee Insurance of Live Oak

1720 Ohio Ave N
Live Oak, FL 32064
Main office: 386-364-1000
Fax: 386-362-6118

Suwannee Insurance of Madison

348 West Base Street
Madison, FL 32340
Main office: 850-973-8341
Toll free: 800-771-6606
Fax: 850-973-3774

Suwannee Insurance of Merritt Island

2555 N. Courtenay Pkwy, Suite 34
Merritt Island, FL 32953
Main office: 321-877-4888
Toll free: 800-771-6606
Fax: 321-877-4884

Our Providers

Testimonials

I have been working with Ann Cooper for the last few years, and I always get good service - with a smile.
Carol P.
Yes, we have always been pleased with the service from the Suwannee Insurance Agency, Inc. When we have had problems with Bank America saying we did not have insurance on our home you immediately sent required documentation to prove we had no break in service. Your agency is always on top of the situation when we had to file a claim and made it much less complicated than we expected. Thank you, Charles & Linda Musgrove
Charles M.
We appreciate the personal and conscious service. We always get an answer to any of our questions.
Burton L.
We appreciate that you keep the rates as low as possible. Thank you.
Eugene G.
Timely, professional service every time!
James T.
It's nice working with people who know their job, and Suwannee is full of them. Great company to work with.
Martin M.
Lisa did a fabulous job helping me get my computer setup for a Allied insurance icon. She is always pleasant and helpful. I give her a 10 star rating!
Linda L.
I have referred several of my customers to Mareia at Suwannee Insurance Agency. She is always there when I need her and always helpful. She finds the best insurance to fit my needs and answers all my questions.
Nelda H.
Suwannee Insurance is my hometown pick for my insurance needs. When you walk in the door you are welcomed with a warm hello and a smiling face. Any needs I might have are immediately addressed in a prompt manner. Thank you Suwannee Insurance, job well done!
Patricia B.
Always there when you need them. Any time I have had a question, always get to talk to someone and get an answer.
Donna A.
I have always been pleased with the service Suwannnee Insurance Agency has provided. They have been prompted with all my insurance needs.
Gloria H.
I have been with Suwannee Insurance since I moved to Live Oak in 2004. Maria, an agent for Suwannee Ins. has always been so helpful. As an agent, Maria has always taken her time to explain the different insurances to me, even when I go into the office, she has a few minutes for me. what a great personal touch and asset for the company.
Linda R.
I just wanted to commend your agency on how wonderful and polite you and the individual that answered my call were. I am in contact with insurance agencies all across the United States and Suwannee Insurance has been the most delightful agency that I have ever contacted. Excellent job!
Josh A.