Life Insurance
Protect your family and build a legacy — with the right plan for you. At Alomofin, we make life insurance simple, strategic, and personal. Whether you want to safeguard your family’s future, build wealth, or plan for final expenses, we’re here to guide you every step of the way.
Why Life Insurance Matters
Life insurance is more than a policy — it’s peace of mind. It means knowing that your loved ones will be financially secure, no matter what happens. It also means having a tool to grow wealth, plan your legacy, and protect your lifestyle.
Types of Life Insurance
Term Life Insurance
Affordable protection for a set period — perfect for income replacement and family security.
Who it’s for:
Young families protecting their children’s future
People with mortgages or other large debts
Those wanting high coverage at a low initial cost
Benefits:
✅ Lower premiums
✅ Simple, straightforward coverage
✅ Can convert to permanent insurance later
Whole Life Insurance
Lifetime coverage plus cash value that grows over time.
Who it’s for:
Anyone wanting permanent protection
People who value guaranteed growth
Those planning inheritance strategies
Benefits:
✅ Fixed premiums for life
✅ Builds cash value you can access
✅ Guaranteed death benefit
Universal Life Insurance
Flexible lifelong coverage with adjustable premiums and benefits.
Who it’s for:
People wanting long-term coverage with control
Those who may need to adjust premiums over time
Benefits:
✅ Flexibility to change payments or coverage
✅ Builds cash value
✅ Ideal for evolving needs
Final Expense Insurance
Designed to cover funeral costs and small debts, easing your family’s burden.
Who it’s for:
Seniors planning ahead
Anyone wanting to spare loved ones from end-of-life costs
Benefits:
✅ Smaller, affordable policies
✅ Easy approval — often no medical exam
✅ Funds paid quickly to your family
Indexed Universal Life (IUL)
Protect your family while building wealth linked to market indexes — with no downside risk.
Who it’s for:
People focused on tax-advantaged growth
Business owners and professionals building a legacy
Benefits:
✅ Growth tied to index performance (like S&P 500)
✅ No losses if the market drops
✅ Tax-advantaged cash value you can borrow against
STILL NOT SURE?
Frequently Asked Questions
1. How much life insurance do I really need?
It depends on your income, debts, and long-term goals. Our advisors will help you calculate the right amount.
2. Can I have more than one policy?
Yes. Many clients combine term and permanent policies for layered protection.
3. Is life insurance only for people with families?
Not at all. It’s also smart for business owners, single professionals, and anyone planning ahead.
4. Will I have to take a medical exam?
Some policies require exams, others don’t. We’ll find the best fit for your health and budget.