LIFE INSURANCE PAGE

Life Insurance Colorado Springs | Main Street Insurance

Life Insurance in Colorado Springs - Protect Your Family's Future

Life insurance ensures your family maintains financial security if something happens to you. Main Street Insurance - Patrick Murakami Agency helps Colorado Springs families find affordable life insurance coverage that fits their needs and budget.

Meet with Scott Brandt, our life insurance specialist and Air Force veteran, to discuss your family's protection needs.

Why Life Insurance Matters

Life insurance provides:

  • Income replacement for your family

  • Mortgage and debt payoff

  • College funding for children

  • Final expense coverage

  • Business continuation funds

  • Estate planning benefits

  • Peace of mind

Types of Life Insurance:

Term Life Insurance Most affordable option for temporary needs:

  • Coverage for specific time periods (10, 20, 30 years)

  • Lower premiums than permanent insurance

  • Ideal for:

    • Covering mortgage duration

    • Protecting income during working years

    • Ensuring kids' college funding

    • Business loan protection

Permanent Life Insurance Lifetime coverage with cash value growth:

Whole Life Insurance

  • Guaranteed level premiums

  • Cash value accumulation

  • Fixed death benefit

  • Predictable, conservative growth

Universal Life Insurance

  • Flexible premiums and death benefit

  • Cash value linked to interest rates

  • Adjustable as needs change

Indexed Universal Life (IUL)

  • Cash value growth linked to stock market index

  • Protection from market losses

  • Potential for higher returns

Variable Universal Life

  • Investment in mutual funds

  • Greatest growth potential

  • Higher risk

How Much Life Insurance Do You Need?

Common guidelines:

  • 10-12 times your annual income

  • Enough to pay off mortgage and debts

  • Cover 4-5 years of living expenses

  • Fund children's education

We help you calculate proper coverage based on:

  • Current income and earning potential

  • Outstanding debts (mortgage, car loans, credit cards)

  • Number and ages of children

  • College funding goals

  • Final expense costs

  • Existing coverage through work

  • Spouse's income

  • Future financial goals

Life Insurance for Specific Needs:

Young Families

  • Income replacement for stay-at-home parents

  • Childcare cost coverage

  • Mortgage protection

  • College savings backup

Military Families (Fort Carson)

  • Supplementing SGLI coverage

  • Transition planning for post-service

  • VA benefits coordination

  • Deployment considerations

Business Owners

  • Key person insurance

  • Buy-sell agreement funding

  • Business debt repayment

  • Partner protection

Retirees

  • Final expense insurance

  • Estate planning

  • Legacy creation

  • Long-term care considerations

High Net Worth Individuals

  • Estate tax planning

  • Wealth transfer

  • Charitable giving strategies

  • Asset protection

Life Insurance Riders (Optional Add-Ons):

Accelerated Death Benefit - Access death benefit if diagnosed with terminal illness

Waiver of Premium - Waives premiums if you become disabled

Child Term Rider - Covers children under one policy

Accidental Death Benefit - Additional payout for accidental death

Long-Term Care Rider - Use death benefit for long-term care expenses

Guaranteed Insurability - Buy more coverage later without medical exam

Common Life Insurance Questions:

Do I need life insurance if I'm single? Yes, if you have:

  • Co-signed debts

  • Aging parents you support

  • Business obligations

  • Desire to leave a legacy

What if I have coverage through work? Employer coverage is often 1-2x salary—rarely enough. Plus:

  • You lose it if you change jobs

  • May not be portable

  • Usually decreases or ends at retirement

Can I get life insurance with health issues? Yes! Options include:

  • Guaranteed issue policies

  • Simplified underwriting

  • Graded benefit policies

  • High-risk specialists

How much does life insurance cost? Term life is surprisingly affordable:

  • 30-year-old: $20-30/month for $500K coverage

  • 40-year-old: $35-50/month for $500K coverage

  • 50-year-old: $100-150/month for $500K coverage

Permanent insurance costs more but builds cash value.

Why Choose Main Street Insurance for Life Insurance?

  • Comparison of multiple carriers to find best rates

  • No-pressure education and guidance

  • Military family expertise through Scott Brandt

  • Local service and ongoing support

  • Assistance with beneficiary updates and claims

Life Insurance Carriers We Represent:

  • Mutual of Omaha

  • Prudential

  • Nationwide

  • Lincoln Financial

  • Transamerica

  • Pacific Life

  • Principal Financial

  • And many more

Get Your Free Life Insurance Quote

Protect your family's financial future. Call 719-309-6439 to speak with Scott Brandt, our life insurance specialist, or visit our office at 5214 N Nevada Ave #100.

Evening and weekend consultations available for military families.

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