Your Questions Answered

Life Insurance Made Simple

We've been helping families understand and choose the right life insurance for over 50 years. Here are the most common questions we hear and our expert answers.

50+ Years Experience

Trusted advice from experts who have guided thousands of families through their life insurance decisions.

30+ Insurance Companies

As an independent agency, we can shop your needs across multiple carriers to find the best fit.

Personalized Guidance

Every family is unique. We take time to understand your specific needs and goals.

Life Insurance Basics

Understanding the fundamentals of life insurance protection

What is life insurance?

Life insurance is a contract between you and an insurance company that provides a death benefit to your beneficiaries upon your passing.

What is a death benefit?

A death benefit is the amount paid to your beneficiaries when you pass away, typically tax-free, and it can be used to cover expenses like funeral costs, debts, or ongoing living expenses.

Is life insurance taxable?

Generally, the death benefit is not subject to income tax, but it may be subject to estate taxes depending on your overall estate value.

What are the different types of life insurance?

The main types are Term Life Insurance, which provides coverage for a specific period, and Permanent Life Insurance, which offers lifelong coverage and may include a cash value component.

How much life insurance do I need?

The amount of coverage depends on your financial responsibilities, such as debts, income replacement needs, and future expenses like education for your children.

Can I borrow against my life insurance policy?

Yes, if you have a permanent life insurance policy with a cash value, you can typically borrow against it, but this may reduce the death benefit.

The Bailey Advantage

Why Choose Bailey Insurance & Investments?

Why should I use Bailey Insurance & Investments for my life insurance needs?

As an Independent agency, we have access to more than 30 major insurance companies and over 500 different products. This extensive selection allows us to tailor a life insurance solution that best fits your unique needs and budget.

Our approach is to customize the insurance company and product to meet your specific needs, rather than having you adjust to a pre-determined option, as captive agents must do.

30+ Carriers

More options than captive agents

500+ Products

Extensive selection for every need

50+ Years

Trusted local expertise

Personal Service

Customized to your family