Frequently asked questions

Welcome to the Frequently Asked Questions (FAQ) page of Thompson Family Life, your trusted insurance agency located in Norwich, Connecticut. Our mission is to empower families with the knowledge they need to make informed insurance decisions. Below, we address common questions about various types of insurance products we offer.

1. **Term Insurance**: Term life insurance provides coverage for a specified period, typically 10, 20, or 30 years. It's an affordable option for those seeking financial protection for their loved ones if the unexpected occurs during the policy term. Premiums can start as low as $5 to $10 a month, making it accessible for many families.

2. **Whole Life Insurance**: Whole life insurance offers lifelong coverage with fixed premiums and a cash value component that grows over time. This policy not only ensures financial security for your beneficiaries but also allows you to accumulate savings that can be borrowed against in the future.

3. **Indexed Universal Life (IUL) Insurance**: IUL combines the protective features of life insurance with the potential for cash value growth linked to a stock market index. This flexible option allows policyholders to adjust their premiums and death benefits while taking advantage of market trends, offering a unique blend of protection and investment potential.

4. **Final Expense Insurance**: Final expense insurance is designed to cover the costs of a person's end-of-life expenses, such as funeral and burial costs. This straightforward policy can ease the financial burden on your loved ones during a difficult time, with affordable premiums to fit most budgets.

5. **Mortgage Protection Insurance**: Protect your family's home with mortgage protection insurance, which pays off your mortgage balance in the event of your passing. This ensures that your loved ones can maintain their home and financial stability during trying times.

6. **Children's Insurance Policies**: Secure your child's financial future with a children's life insurance policy. These policies provide coverage at a young age and can accumulate cash value that can benefit them later in life.

7. **Accidental Death Insurance**: Accidental death insurance provides an additional layer of coverage in the event of an unexpected accident. This policy pays out a benefit to your beneficiaries, helping to provide financial support during a challenging time.

At Thompson Family Life, we understand that insurance can be complicated, and we're here to help. Our team is dedicated to finding the right solutions tailored to your family's unique needs, often with affordable coverage options that start as low as $5 to $10 a month!

To learn more or to set up an appointment for a personalized consultation, please fill out your name and write a message below. We look forward to assisting you in securing your family’s financial future!