Term
Coverage lasts a set number of years. It is generally the least expensive way to hold a larger amount of protection during the years a family depends on your income.
Life Insurance
Life Insurance That Fits Your Family
Term and permanent options to protect the people who depend on you.
To speak with a licensed insurance agent, call (662) 210-2200. TTY: 711.
The two broad types
Term vs. permanent coverage
Nearly every life insurance decision starts with one question: do you want coverage for a defined period, or for life?
Permanent (whole or universal)
Designed to stay in force for life as long as it is funded as intended, and typically builds cash value over time. Universal designs allow more flexibility; whole life is more fixed.
Why people apply
Common reasons families look at coverage
Income replacement, so a household can keep going without the earnings it depends on. Final expenses, so a funeral is not paid for out of savings or by children. Leaving something behind, whether that is a gift to family or to a church. Covering a mortgage, so the home is not at risk.
Most people are somewhere in more than one of those, and the mix is what shapes the type and amount of coverage that makes sense. To speak with a licensed insurance agent, call (662) 210-2200. TTY: 711.
Cost
How coverage amount and cost are generally determined
Cost generally comes down to four things: your age, your health as the carrier evaluates it, the amount of coverage you apply for, and the type of coverage you choose. Tobacco use and, for some carriers, driving record or occupation may also be considered.
No one can promise an outcome before an application is reviewed. We are straightforward about that — we help you assemble a sensible application and explain the decision the carrier returns.
Questions
Life insurance questions we hear most
To speak with a licensed insurance agent, call (662) 210-2200. TTY: 711.
General education, not a specific product recommendation or guarantee of coverage or pricing. Underwriting varies by carrier.
Not sure what kind of coverage fits? Let's talk.
No pressure, no obligation — just a conversation with a licensed insurance agent about the options available to you.
To speak with a licensed insurance agent, call (662) 210-2200. TTY: 711.
Medicare Compliance Statement
This website represents no obligation to enroll. Not affiliated with or endorsed by the government or Federal Medicare program. Magnolia Family Insurance is an independent insurance agency. We represent multiple insurance carriers to help you find the plan that best fits your needs.
Medicare has neither reviewed nor endorsed this information. As an independent agency, Magnolia Family Insurance offers comparison services to find the best plan for your needs from multiple carriers. For a complete list of available plans please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week, or consult www.medicare.gov.