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LIFE INSURANCE

Your family is your responsibility and your life, and there’s nothing better than watching them succeed and sharing in their ambitions, dreams, and conquests. But should something unexpected happen to you, you’ll want to be prepared for providing the assurance your family needs to keep their futures safe and sound. At Sheets Forrest Draper Insurance, we’ll work with you to keep your family protected in the event of your untimely death. Sheets Forrest Draper Insurance provides quality Life Insurance solutions for clients near Marion, Cedar Rapids, Hiawatha, Iowa City, Coralville, and Waterloo/Cedar Falls.

Life Insurance FAQs

What are your life insurance coverage options?

  • Individual Life Insurance

  • Group Life Insurance

  • Long-Term Care Insurance

  • Mortgage Protection Insurance

  • Disability Insurance

  • Second-To-Die Policy

  • Key Person (Key Men) Insurance

Why do I need life insurance?

Life Insurance is one of the most important investments you can make. It’s an investment in yourself and the future of your loved ones, and it’s a way to secure your financial responsibilities to your family.

Your Life Insurance policy can be used to pay off debts and estate taxes, provide money for continuing mortgage payments, and keep your business up and running upon your passing. But most important, it can be used to ensure that your family’s dreams for the future become realities.

Protect what matters most in your life with a policy from Sheets Forrest Draper Insurance.

What are the different types of individual life insurance?

  • Annual Renewable Term is purchased for a period of one year, with the death benefit to be paid only if the insured were to die during that one-year term, along with the option to renew after the term period.

  • Level Term Life guarantees a fixed premium for a given period of time, usually in terms of 10, 15, 20, or 30 years. Your premium is based on your age and coverage options, with longer terms being more expensive.

  • Whole Life – As the most common type of permanent insurance, a whole life policy guarantees a death benefit for the lifetime of the insured as well as a cash value account for savings. Your premium remains constant throughout the duration of policy while payments over and above your premium are credited to your savings, which earn a fixed rate of interest.

What is Group Life Insurance?

We offer a variety of flexible Group Life Insurance solutions that benefit both you and your employees. As an employer, you can enjoy financial advantages such as income-tax deductible premiums and Life Insurance protection at a low group rate. Group Life insurance also can contribute positively to the productivity of your business by reducing employee turnover and strengthening employee morale and loyalty.

What is Long-Term Care Insurance?

Long-Term Care Insurance (LTC) helps provide for the medical expenses of extended home health care or nursing home costs beyond a specified period. In general, individuals who require Long-Term Care are those who can no longer take care of themselves and are unable to perform the basic activities of daily living without assistance.

The costs of Long-Term Care can be quite expensive, and are typically not covered under basic Health Insurance, Medicare, or Medicaid. Long-Term Care Insurance from Sheets Forrest Draper Insurance can protect your family’s financial future by providing valuable coverage benefits for costs associated with:

  • Home Care

  • Assisted Living

  • Adult Daycare

  • Hospice Care

  • Nursing Homes

  • Respite Care

Individuals looking to purchase Long-Term Care Insurance must meet certain conditions in order to qualify for benefits. Talk to an insurance professional with Sheets Forrest Draper Insurance to learn more about Long-Term Care Insurance and whether you should add it to your current policy.