610-287-8800

Individual Life Insurance in Schwenksville and Exton, PA

Peace of Mind for you and your Loved Ones

Sigel Insurance Group provides life insurance to individuals in Schwenksville, Graterford, Harleysville, Pottstown, Limerick, Exton, and surrounding areas.

Individual Life Insurance

Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. 

Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child’s education. It can even be used to continue payments on your mortgage to help ensure that the family home stays in the family.

At Sigel Insurance Group, we know that choosing a Life Insurance plan is a big decision with many important factors to consider. Our knowledgeable team of insurance professionals is committed to walking you through the process and providing you with the best insurance solution to give you and your family the peace of mind you deserve. 

Types of Individual Life Insurance

Sigel Insurance Group offers several different coverage options for your consideration: term life, whole life, universal life, and variable life insurance.

Term Life – This is typically the simplest and least expensive insurance option. Term life insurance provides coverage at a fixed rate for a specified period of time. It is a benefit policy that is used primarily to cover financial responsibilities of the insured, with the benefit to be paid only if the insured were to die during the specified term. Most term life policies can be converted to a more permanent insurance solution such as whole life, variable life, or universal life insurance.   

There are two types of term 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 the policy while payments over and above your premium are credited to your savings, which earn a fixed rate of interest. 

Universal Life – Universal life policies are designed to be more flexible than other permanent Life Insurance. You are still guaranteed a death benefit for the duration of the policy as well as savings that accumulate cash value, but the flexibility of a Universal Life plan allows you to change certain aspects of your plan to accommodate life changes. 

Depending on your options, you have the flexibility to change the overall value of the death benefit as well as the time and amount in which you pay your premium. This gives you the option to focus on building your policy’s cash value, or pay a lower premium and focus on guaranteed protection. It is important to note that changes to your universal life policy can affect its guarantees and limits.

Variable Universal Life - With a variable universal life (VUL) Insurance policy, you get the same flexible benefits of Universal Life while being able to take advantage of potential economic growth in the stock market. Instead of creating a cash value for savings, the value of your VUL policy is invested in professionally managed funds that reflect the performance of the stock market. This also means that as the policy owner, you assume the risk and responsibility of monitoring your own investments.

Sigel Insurance Group is here for you

There are many things to take into account when purchasing life insurance, and changes in your life situation can reflect changes in your insurance requirements. That is why it is important to carefully consider the different policy options and ensure that you have the right solution to meet your long-term life insurance needs. 

An insurance specialist with Sigel Insurance Group will review your current life insurance situation and help you design a policy to plan for the future. 

At the end of the day, one of the biggest investments you can make is an investment in yourself. 

 

Sigel Insurance Group

709 Main Street

Schwenksville, PA 19473

Main office: 610-287-8800
Fax: 610-287-6524

Office Hours:

Mon: 8:00 AM - 5:00 PM
Tues: 8:00 AM - 5:00 PM
Wed: 8:00 AM - 5:00 PM
Thurs: 8:00 AM - 5:00 PM
Fri: 8:00 AM - 3:00 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

We have had the pleasure of working with Sigel Insurance, specifically Teresa, for a number of years now. Teresa has our best interests in mind and has worked diligently to save us many dollars on our personal insurance needs. We are so grateful for her thoroughness and time spent with us to make sure we have the best plans for our needs.
Laura M.
As a client of Sigel Insurance group for more than 20 years I can't speak highly enough about their dedication to customer service and their ability to provide competitive pricing and quality coverage.
L. Saligman
Teresa has always given us excellent customer service. Everyone at Sigel Insurance is always available to answer any questions and to assist with any insurance needs.
Karen K.
Prior to working with Sigel Insurance Group I had a plan directly with an insurance company and felt overwhelmed at the thought of trying to explore other companies and options. Teresa and her team do this work for you - finding the policy that best fits your needs and finding some great discounts along the way. She also can help you to understand what coverage is really necessary. I have refereed a number of my family and friends to her and highly recommend her team.
Jenny L.
Sigel Insurance Group has been our insurance agent and consultant for almost 20 years. When premiums increased dramatically around 2000, they suggested that we look at dropping insurance for our Professional Liability and Workers’ Compensation exposures and then partnered with us in obtaining State approval to Self-Insure our Professional Liability and Workers’ Compensation exposures. Over the past 14 years, the result has been a dramatic reduction in claims which netted millions of dollars in savings over an insured program. They work hand-in-hand with us with our safety program to continue a declining trend in Liability and Workers’ Compensation claim frequency and net costs. Eric Sigel and his staff of professionals are personable, reliable, ethical and dependable.
David Hughes Vice President, Operations The Philadelphia Protestant Home
Sigel Insurance has been our insurance broker since 1986 and has consistently provided outstanding service. Teresa Sigel Glass has helped us make the best decisions for our personal lines insurance portfolio. Teresa has provided all types of services to us over the years: in depth analysis and coverage comparisons, recommendations on how to handle a specific issue, and answering questions that provide us with peace of mind. I cannot recommend Teresa enough. I don't understand why someone would choose any other broker to handle their insurance needs.
Dianne and Arthur S.