Iowa Life Insurance – Begin planning now.
No one likes to think about, let alone discuss, a premature passing. The unfortunate reality is that accidents happen every day. The purchase of a life insurance policy allows your family to have financial security. At Thams Agency, we can help you find the right policy.
Many times people may think the coverage through their employer is enough, but this isn’t always right. In most cases the limit provided by an employer isn’t enough for the family needs and this insurance usually goes away when you leave that employer. The purchase of an individual policy is usually rather inexpensive and can be tailored to your needs.
One question we usually get asked, “How much Life Insurance do I need?” A general rule of thumb when it comes to purchasing a limit is to take your salary and multiply by 10. Your individual circumstances can vary this number widely though depending upon assets, debt, investments, etc…
With so many options available when choosing an Iowa life insurance product, it is understandable that you may feel a bit overwhelmed or even frustrated. Work with Thams Agency to ensure that you are purchasing the right type of life insurance for your family and you.
Here are some basics to Iowa life insurance:
Term Life Insurance
Term life insurance is generally the most inexpensive way to purchase a life insurance policy. The death benefit and premium are guaranteed for the term your purchase such as 5, 10 or 20 years. Term life insurance periods max out at 30 years.
Universal Life Insurance
Universal life insurance (UL) provides a death benefit, as well as a cash account that earns interest. Unlike whole life insurance, universal life insurance offers you flexibility in terms of paying insurance premiums.
Whole Life Insurance
Like universal life insurance, whole life insurance (WL) provides a death benefit and a cash account that earns interest. Whole life insurance policies yield dividends, which can be paid in cash or used to increase the death benefit paid when you pass.
Have more questions about Iowa Life Insurance? Put the Team at Thams Agency to work for you. Contact us today or call us at 712-263-3193
Our clients say it best….
They have helped reduce my payments with discounts like homeowner, safe driving, multi car, etc. Their rates are better then the old insurance company I had, they just kept raising rates although I had never had an accident (and they didn’t have discounts either). When I first came in to to talk to Todd and ask about their rates, they were 50 % lower then what I was paying. Now they are even lower due to discounts.
Thams Agency has an honest, and straight forward approach to dealing with customers. They work hard to find the best insurance coverages and prices for the customer, while giving guidance and reasoning for customers to make the most informed decision possible.
The agents at Thams make you feel like you are part of a family. They are extremely personable and the level of communication exceeds any company I have had experience with.
Client since 2004
After switching to Thams, I feel like I am getting as good, maybe even slightly better property insurance coverage for a whole lot less money. As long as the premium does not take any significant jumps in the next few years then I believe this was a great switch to Thams. Very friendly staff. I feel like I should have gone to see them many years ago.
Brian E.Customer since 2014
You served my folks well and I have found no reason to switch elsewhere. Your company seems rooted in Denison and an asset to the community, which is always an important part of being in business in any community.
Virginia Dobler McCurdyCustomer since 2011
We feel that we have professionals serving our every need at the Thams Agency whether it be house, auto, or health. One stop takes care of all of our insurance needs, and we know it’s done right. P.S. Your offices are lovely. Good move on your part to remodel and maintain the historical attributes of the building while still making it modern.