Affordable coverage
The most protection for the least cost during your peak earning and responsibility years.
Dominate Insurance
Building a complete
financial safety net.
See how Term Life, Indexed Universal Life and Final Expense policies work together to protect what matters most at every stage of your life.
Why more than one policy
One size
doesn't fit a lifetime.
Your needs change a lot over a lifetime: raising children, paying a mortgage, building retirement savings, planning your legacy.
Each type of life insurance has its own job and fits a different season. Combined on purpose, they make a safety net that adapts as life changes and keeps your loved ones covered the whole way.
Think of it like building a house: a solid foundation, strong walls and a protective roof. Each policy is one layer of your family's financial security.
Layer one
Term life:
income protection.
Term life gives a large death benefit for a fraction of the cost of permanent coverage. It's built for the years your family depends most on your income, so if something happens to you they can keep the house, keep their lifestyle and fund education goals.
Built for a season
10, 20 or 30 year terms that line up with the years your obligations are highest.
Covers the big things
Mortgage payments, college tuition and income replacement.
Layer two
Indexed Universal Life:
protection for a lifetime.
An Indexed Universal Life (IUL) policy is permanent life insurance with cash value that can grow based on a market index, with a floor that keeps that growth from going below zero because of market losses.
Unlike term, it is designed to stay in force for your whole life. Premiums can be flexible, and the cash value offers tax-advantaged access through policy loans when the policy is set up and kept in force properly. Loans reduce the death benefit and need to be managed.
We keep the details in one place: our IUL guide explains how it works, what it costs and what to watch for.
LifetimePermanent coverage designed to last as long as the policy stays in force
0%Index floor: credited interest doesn't go negative from market losses
LoansTax-advantaged access through policy loans when set up and kept in force properly
Policy features, caps, fees and floors vary by carrier and product. Details at iulbasics.com.
Layer three
Final expense:
dignity and peace of mind.
Small permanent policy
Typically $10,000 to $25,000 of coverage that stays in force as long as premiums are paid, with guaranteed issue options available.
Covers final costs
Funeral services, burial or cremation, outstanding medical bills and estate settlement costs.
Protects loved ones
Keeps your family from carrying a financial burden during an already hard time.
The real cost
What final expenses
actually cost.
Many families are surprised to learn that funeral and burial costs often run $7,000 to $12,000, and a full-service funeral can pass $15,000. Add medical bills, legal fees and estate costs, and the total can reach $20,000 or more.
Final expense insurance is there so those costs are covered quickly, and your family can grieve without money stress or hard decisions about how to pay for your arrangements.
An example story
One family,
three seasons.
Meet the Johnsons, an illustrative example (not real clients) of how combining policy types can follow a family through life.
- 01
In their 30s: the foundation
A $500,000 IUL for permanent coverage and long-term cash value, plus a $1 million term policy for the years with young children and a mortgage.
- 02
In their 50s: the transition
The term policy ends as the kids are grown and the mortgage is paid off. The IUL is still in force, and its cash value can become one option for retirement.
- 03
In their 70s: legacy and dignity
The IUL's death benefit continues for legacy planning, and a $20,000 final expense policy is added to cover funeral and final costs.
The synergy
How the three
work together.
The real power shows up when you see how these three policies complement each other over a lifetime: each has a distinct job, and together they leave no gaps.
Term life
High-responsibility years
- Most coverage when needs are greatest
- Affordable premiums during working years
- Protects the mortgage and education plans
- Covers income replacement
Indexed Universal Life
Lifetime protection
- Permanent coverage
- Cash value that can grow, with a 0% index floor
- A possible retirement income supplement
- Legacy planning for heirs
Final expense
Peace of mind
- Covers funeral and burial costs
- Keeps the burden off family
- Quick payout for immediate needs
- Guaranteed issue options available
Term for temporary high needs, IUL for permanent protection, final expense for dignity. Three tiers, no gaps.The three tier approach
Your number
Calculating your
insurable need.
The right amount of coverage depends on your obligations, your goals and your family. A common rule of thumb is 10 to 12 times your annual income, but your number may be quite different.
Things to weigh: your mortgage balance, future education costs, 5 to 10 years of income replacement, other debts and loans, final expenses, and what you'd like to leave to heirs.
A well-built plan often pairs larger term coverage during peak earning years with a permanent IUL, topped off with final expense coverage later in life.
10 to 12xIncome: a common starting point for total coverage
70%Of income: a common target to keep a family's lifestyle
100%Of the mortgage and major debts: covered in full
Rules of thumb only. Your needs analysis may land somewhere else.
Putting it together
A three step
strategy.
- 01
Set your permanent foundation
Start with an IUL as your base coverage: lifetime protection and cash value for future flexibility. Choose a face amount for long-term legacy goals and final expenses, often $250,000 to $500,000 depending on age and health.
- 02
Layer term for the peak years
Add term coverage for your high-responsibility decades, usually 20 to 30 years to match the mortgage or college timeline. The amount should cover debt payoff, income replacement and education, often $500,000 to $2 million.
- 03
Secure final expense protection
Complete the net with a $10,000 to $25,000 final expense policy as retirement approaches, so funeral and final costs never fall on your loved ones.
Never underinsured.
Never overpaying.
As term policies end and needs shrink, your permanent IUL and final expense coverage keep protecting your family, and the IUL's cash value adds flexibility along the way.
Take the next step
Ready to build
your safety net?
Don't leave your family's security to chance. We'll help you calculate your insurable need, compare policy options from multiple highly rated carriers, and design a plan that fits your budget and goals.
Free needs assessment with no obligation. Compare options across carriers. Licensed guidance focused on your family's long-term security.
Coverage and pricing depend on age, health and state. The earlier you start, the more affordable coverage tends to be.
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