115 N Springfield

Virden, IL1 62690

2657 W Lawrence Ave

Springfield, IL 62704

Email:

info@sbins.com

Call/Text:

217-965-3081

Securing Tomorrow, Today

Life is a journey filled with beautiful moments and unexpected turns. Our life insurance solutions provide not just financial security but also peace of mind, knowing the future is in safe hands.

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The Most Important Insurance!

Flexible Plans:

SB Insurance offers a wide range of life insurance policies tailored to fit various needs, whether it’s term life, whole life, or universal life insurance.

Educational Resources

We provide resources, workshops, and seminars to educate our clients about life insurance, helping them make informed decisions.

Ethical Practices

SB Insurance prides itself on its commitment to ethical practices, ensuring fairness, honesty, and integrity in all our dealings

Customer-Centric Approach

Our customers are our priority. We continually seek feedback and adapt our services to enhance our customer experience.

Rates From Multiple Companies

Through rigorous market analysis and efficient operations, SB Insurance provides life insurance coverage at competitive prices, ensuring you get value for your money.

Types of Life Insurance

Life insurance is a vast field with several types designed to meet different needs. Here’s a breakdown of the primary types of life insurance:

  1. Term Life Insurance:
    • Duration: Fixed period, typically 10, 20, or 30 years.
    • Coverage: Provides a death benefit only if the insured dies within the term.
    • Cost: Generally less expensive than permanent life insurance.
    • Features: No cash value accumulation.
  2. Whole Life Insurance (Permanent):
    • Duration: Lifelong coverage as long as premiums are paid.
    • Coverage: Provides a death benefit and accumulates cash value over time.
    • Cost: Typically more expensive than term life insurance.
    • Features: Part of the premium goes into cash value, which can be borrowed against or withdrawn (may affect death benefit).
  3. Universal Life Insurance (Permanent):
    • Duration: Lifelong coverage.
    • Coverage: Provides a death benefit and accumulates cash value.
    • Cost: Flexible premium options.
    • Features: Interest on the cash value varies but has a guaranteed minimum. Flexibility to change premium amounts and death benefit.
  4. Variable Life Insurance (Permanent):
    • Duration: Lifelong coverage.
    • Coverage: Provides a death benefit and accumulates cash value.
    • Cost: Depends on investment performance.
    • Features: Cash value is invested in various sub-accounts, similar to mutual funds. Value can increase or decrease based on the performance of these investments.
  5. Variable Universal Life Insurance (Permanent):
    • Duration: Lifelong coverage.
    • Coverage: Provides a death benefit and cash value.
    • Cost: Flexible premiums, costs vary based on investments.
    • Features: Combination of Universal and Variable Life. Flexibility in premiums and death benefit. Cash value is invested, so it can grow or decrease based on market performance.
  6. Indexed Universal Life Insurance (Permanent):
    • Duration: Lifelong coverage.
    • Coverage: Provides a death benefit and cash value accumulation.
    • Cost: Flexible premiums.
    • Features: Cash value growth is tied to the performance of a stock market index, but typically with a guaranteed minimum interest rate and a cap on returns.
  7. Final Expense Insurance (or Burial Insurance):
    • Duration: Lifelong coverage.
    • Coverage: Intended to cover funeral and burial costs.
    • Cost: Generally lower than other permanent life policies.
    • Features: Lower death benefits, often between $5,000 to $25,000.
  8. Group Life Insurance:
    • Duration: As long as you’re part of the group (e.g., employed).
    • Coverage: Provided through an employer or association.
    • Cost: Often low-cost or free, with options to purchase additional coverage.
    • Features: Generally term insurance, may not require a medical exam.
  9. Survivorship Life (or Second-to-Die Insurance):
    • Duration: Lifelong coverage.
    • Coverage: Covers two people and pays out after both have passed away.
    • Cost: Varies, but can be less expensive for high-risk individuals.
    • Features: Often used in estate planning to pay estate taxes.
  10. No Medical Exam Life Insurance:
    • Duration: Varies (can be term or permanent).
    • Coverage: Provides a death benefit without requiring a medical exam.
    • Cost: Typically higher premiums due to increased risk.
    • Features: Faster approval process, but often comes with lower coverage amounts.

When choosing a life insurance type, it’s essential to consider your financial goals, how long you’ll need coverage, and what you can afford. Always consult with a trusted insurance agent or financial advisor to find the best fit for your needs.

Agent Tips

When you’re considering buying a product or service, especially significant purchases, it’s crucial to be well-informed and make smart decisions. Here are some general buying tips:

Remember, the more informed you are, the better equipped you’ll be to make a wise purchasing decision that you’ll be satisfied with.

  1. Research Thoroughly:
    • Understand the product or service you intend to purchase. Read up on its specifications, features, and reviews.
  2. Set a Budget:
    • Determine how much you’re willing to spend and stick to your budget. This will help you avoid unnecessary expenses and potential buyer’s remorse.
  3. Compare Prices:
    • Don’t settle for the first price you see. Shop around, compare prices, and ensure you’re getting the best value for your money.
  4. Check Reviews and Ratings:
    • Look for feedback from other consumers. Online reviews, testimonials, and ratings can provide insight into the product’s quality and the seller’s reputation.
  5. Understand the Warranty:
    • Know the terms of the warranty, its duration, and what it covers. This can save you money and headaches in the long run.
  6. Verify Return and Exchange Policies:
    • Make sure you’re familiar with the seller’s return, refund, and exchange policies in case the product doesn’t meet your expectations.
  7. Beware of Too-Good-to-Be-True Deals:
    • If a deal seems unbelievably good, it might be a scam or the product might be substandard. Always be cautious.
  8. Ask Questions:
    • Don’t hesitate to ask the seller questions about the product, its origin, or any other concerns you might have.
  9. Consider Total Costs:
    • Remember to factor in additional costs like shipping, installation, maintenance, or any accessories that might be necessary.
  10. Prioritize Safety:
    • Ensure that the product or service complies with safety standards and doesn’t pose any risks.
  11. Check for Certifications or Authenticity:
    • For some products, it’s essential to ensure they’re certified or authentic, especially for items like electronics, branded goods, or organic products.
  12. Consider Long-Term Value:
    • Think about the product’s durability and lifespan. Sometimes it’s worth paying a bit more upfront for something that will last longer and provide better value over time.
  13. Be Cautious with Impulse Purchases:
    • Avoid making hasty decisions, especially for significant or non-essential items. Take your time to think it over.
  14. Protect Personal Information:
    • If buying online, ensure the website is secure and reputable before providing any personal or financial information.
  15. Understand Contract Terms:
    • If your purchase involves a contract, like a service agreement or subscription, make sure you understand the terms, duration, and any penalties for early termination.
  16. Seek Recommendations:
    • Ask friends, family, or colleagues for product or service recommendations, especially if they’ve recently made a similar purchase.

Remember, the more informed you are, the better equipped you’ll be to make a wise purchasing decision that you’ll be satisfied with.