What is life insurance?
Life insurance offers peace of mind and a financial safety net for your loved ones in the event of your passing. With Progressive Life Insurance by eFinancial, you can choose from affordable policies that fit your budget and goals—whether you need short-term coverage or long-term protection.
- Financial protection for your loved ones
- Coverage options for every life stage and budget
- Trusted partnership with eFinancial
- Quick application and flexible policy terms
- Support for final expenses, debts, or daily needs
Our step-by-step process
We make it easy to get life insurance. From assessing your needs to issuing your policy, our guided process ensures you get coverage that fits your goals and brings peace of mind.
Personalized Assessment
We evaluate your needs, age, and lifestyle to recommend the best coverage options.
Policy Selection
Choose a plan that meets your goals—whether short-term or lifelong protection.
Coverage Activation
Once approved, your policy is activated and our team is here for ongoing support and updates.
Frequently Asked Questions
Life insurance is a financial safety net that provides a lump-sum payment to your beneficiaries in the event of your death. It helps cover funeral costs, pay off debts, replace lost income, and support your loved ones financially.
The main types of life insurance are term life, whole life, and universal life insurance. Term life covers you for a specific period (e.g. 10 or 20 years), while whole and universal life offer lifetime coverage and may include a cash value component.
The amount of coverage depends on your income, debts, future expenses (like children’s education), and lifestyle. A common rule of thumb is 10–15 times your annual income, but a financial advisor can help you determine the best amount.
Yes, some insurers offer no-exam policies, often called simplified or guaranteed issue life insurance. These policies usually come with higher premiums and lower coverage but can be a good option for those with health concerns or in need of quick approval.
Most policies offer a grace period (usually 30 days) to make a payment before the policy lapses. If your policy does lapse, you may need to reapply or face increased premiums depending on your health status at the time of reinstatement.
Yes, you can change your beneficiary at any time by contacting your insurer and filling out a change of beneficiary form. It’s important to keep your beneficiary information up to date, especially after major life events like marriage or divorce.