Life Insurance Solutions
Protect Your Family. Build Your Legacy. Living Benefits.
Most people think life insurance is just a check that arrives after a tragedy. But in the modern world, it is much more than that. It is a financial tool that can pay for long-term care, fund a tax-free retirement, provide extra cash for college, or ensure your final expenses never become a burden to your children.
As an independent life insurance broker, Newtown Enterprises works for you, not a specific insurance company. We compare rates and riders from over 30 top-rated carriers to find the policy that fits your budget and your life stage.
Term vs. Permanent Insurance: Renting vs. Buying
When you look for insurance, you will generally find two main categories. The easiest way to understand the difference is to compare it to housing.
Term Life Insurance (The “Renting” Approach)
Best for: Young families, covering a mortgage, and maximum coverage for the lowest cost.
Think of Term Life Insurance like renting an apartment.
How it works: You pay a premium to “lease” the coverage for a specific period—typically 10, 20, or 30 years.
The Benefit: It is the most affordable way to buy a large amount of coverage (e.g., $500,000 or $1 million) to replace your income if you pass away unexpectedly.
The Trade-off: Like renting, when the lease (term) is up, you don’t own anything. If you outlive the policy, the coverage ends, and you walk away with no equity.
Indexed Universal Life (IUL) & Permanent (The “Buying” Approach)
Best for: Long-term wealth building, estate planning, and accessing cash while you are alive.
Think of Permanent Insurance (like IUL or Whole Life) like buying a home.
How it works: Your premiums are higher upfront, but a portion of that money goes into a cash-value account that grows over time—just like building equity in a house.
The Benefit: You are building an asset. You can borrow against this cash value tax-free later in life to supplement your retirement, pay for a wedding, or cover emergencies.
Spotlight on Living Benefits: One of our most powerful tools is Indexed Universal Life (IUL) with Living Benefits.
If you suffer a critical illness (like cancer, heart attack, or stroke), standard policies do nothing until you pass. With an IUL, you can access up to 80% of your death benefit while you are still alive. You can use that money to pay for experimental treatments, nursing care, or even a bucket-list trip with your family.
Final Expense Insurance
Dignity for You, Peace of Mind for Them.
The average funeral in the United States can cost between $10,000 and $15,000—and that doesn’t include debts or medical bills left behind.
Final Expense Insurance (often called Burial Insurance) is designed to cover these specific costs.
- No Medical Exam: Most plans are simplified issue, meaning you don’t need a physical exam to qualify.
- Fast Approval: Policies can often be issued the same day.
- Locked Rates: Premiums do not increase as you age.
Frequently Asked Questions (FAQ)
What is a life insurance broker?
What is term life insurance and is it worth it?
Can I sell a term life insurance policy?
What are "Living Benefits" in life insurance?
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You don't need to navigate any of this alone. Contact us today for a no-obligation review of your current plan.
Start the Conversation
You don't need to navigate any of this alone. Contact us today for a no-obligation review of your current plan.