Life Insurance Plans

Watermann Consulting wants to help you protect your future with the right life insurance plan.

Life insurance is a safety net designed to provide financial security to beneficiaries in the event of the policyholder’s death. By paying a death benefit, life insurance can help cover expenses such as funeral costs, outstanding debts, or lost income, ensuring that loved ones are financially supported. 

With various types of life insurance available, choosing the right policy can be complex. It’s important to partner with a knowledgeable life insurance agent to help you make the right choice for your future. 

Types of Life Insurance Plans

Term Life – Affordable coverage for a set period (10–30 years).

Whole Life – Permanent coverage with guaranteed cash value growth.

Universal Life – Flexible premiums and death benefits; builds cash value.

Indexed Universal Life (IUL) – Cash value tied to a market index with downside protection.

Variable Life – Investment-driven policy with flexible cash value and benefits.



Final Expense – Smaller whole life plan focused on end-of-life costs.

Enrollment Options

Employer Coverage – Offered during workplace enrollment or life events.

Guaranteed Issue – No medical exam, year-round availability, higher cost.

Individual Policies – Available anytime; pricing depends on health, age, lifestyle.



Special Enrollment – Certain associations may offer additional opportunities.

What to Consider When Choosing a Life Insurance Plan

Budget – Premium affordability now and long-term.

Coverage Needs – Income replacement, debts, or legacy goals.

Health & Age – Younger, healthier applicants get lower rates.



Policy Features – Decide between simple protection (term) or permanent coverage with savings/investments.