Life Insurance

Term, whole, and final-expense plans designed around the people you love.

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Life insurance is one of the simplest financial decisions most families can make — and one of the easiest to put off. The right policy replaces your income, pays off the mortgage, covers childcare or college, and gives the people you love room to grieve without scrambling. Texas has no state income tax, but life insurance proceeds are federally income-tax-free in nearly every case, which makes a clean term or permanent policy one of the most efficient ways to protect dependents.

What's typically covered

Term life

Pure death-benefit coverage for a set number of years — typically 10, 15, 20, or 30. The most affordable way to get a large death benefit during the years you most need it (paying off a mortgage, raising kids).

Whole & universal life

Permanent coverage that lasts your whole life and builds cash value. Premiums are higher than term, but the policy doesn't expire and the cash value can be borrowed against later.

Final expense

Smaller permanent policies ($5K–$50K) designed to cover funeral, burial, and end-of-life medical costs. Easier to qualify for at older ages or with health issues.

Living benefits riders

Lets you accelerate part of the death benefit while still living if you're diagnosed with a chronic, critical, or terminal illness. Increasingly common on modern term and permanent policies.

What's typically NOT covered

Suicide within the first two contestability years (premiums refunded)
Material misrepresentation on the application
Death during certain hazardous activities, if excluded by rider
Acts of war, in some policy contracts

Common claim scenarios

Replacing a young parent's income

A 35-year-old earning $90K with two kids and a mortgage takes a 25-year term policy with a $1M death benefit. If they pass during the term, the benefit pays off the house and replaces income through the kids' college years.

Stay-at-home parent

A stay-at-home parent has no W-2 income but provides childcare, cooking, and transportation that would cost real money to replace. A modest term policy ($250K–$500K) keeps the surviving spouse from having to choose between working and parenting.

Final expense for a grandparent

A 68-year-old wants to make sure their funeral and any leftover medical bills don't fall on their adult children. A $20,000 final expense policy locks that in for life with predictable premiums.

What affects your price

Age and gender — every year you wait, the price goes up
Health history, height/weight, and current medications
Tobacco/nicotine use — even occasional vaping
Family medical history (heart disease, cancer)
Death benefit amount and policy length
Term vs. permanent and any riders you add

How Klever Coverage helps

We quote across multiple top-rated life carriers, not a single captive company.
We help you size the death benefit to your actual obligations — mortgage, income years remaining, kids — instead of guessing.
We can do most term applications fully online with no medical exam for healthy applicants under 60.

Frequently asked questions

Term or whole life?

For most families, term covers the years of greatest financial obligation at the lowest cost. Whole or universal life makes sense when you have a permanent need (estate planning, lifelong dependent) or have already maxed out other tax-advantaged accounts.

How much life insurance do I need?

A common starting point is 10–12 times your annual income, plus your mortgage balance, plus expected college costs for each child. We refine that based on existing assets and other coverage.

Do I need a medical exam?

Often no. Many carriers now offer accelerated underwriting up to $1M+ for healthy applicants — same-day approval, no labs, no exam.

What happens if I outlive my term policy?

The coverage ends. Most term policies offer a conversion option to switch to permanent coverage without new underwriting before a certain age, which is worth keeping in mind.

Is life insurance taxable?

Death benefits paid to a named beneficiary are federally income-tax-free in nearly every case. Estate tax can apply on very large estates — talk to a CPA if that's a concern.