Life insurance

The Basics

It’s never easy planning for the “what if’s” in life nor is it ever enjoyable talking about it; unfortunately there is no way to deny that at some point, we will all pass away – we just don’t know when it will occur.  Life insurance is a product you don’t buy for yourself – but for those you love and want to protect even after you’re gone.

There are 3 “types” of life insurance:  whole life, term and universal life (there are additional ‘combinations’ of these 3).  The premiums for these policies range from the lowest in cost (term insurance – or ‘renting’) to the highest in cost (whole life – or ‘owning’).  Each person has different needs and circumstances and a review of the specific situation is needed to properly determine which product will provide the best outcome.

Why purchase life insurance?

  1. Life is too short – you never know what is going to happen to you or your loved ones in the future.
  2. Debt – do you currently have financial responsibilities that would leave a financial burden on your loved ones?
  3. Income replacement and/or child care – if something were to happen to you, would your surviving spouse/loved one be able to financially take care of your child(ren) without your income?
  4. Legacy – do you want to leave a legacy behind to a specific charity or church? Life insurance is a great way to do it.
  5. Buy/Sell or Key Person Insurance – Are you a business owner? Do you currently have a partner in the business?  What if something were to happen to you or your partner(s)?  Is there a surviving spouse?  Life insurance is an inexpensive way to fund a buy/sell agreement, or protect the business from the loss of a key person.
  6. Funeral Expenses – the average cost of a funeral has gone up in the last 10 to 15 years and can range from $7,000 to $25,000 depending on services used.
  7. Estate Taxes – these taxes can be high and the most economical way of paying those estate taxes is through life insurance.

Let us help your protect you and your loved ones for the future.

What Our Clients Are Saying

Client Testimonials

The levels of understanding and creativity that Kris and her associates have provided for our personal and company needs during the past 2+ decades has been overwhelming. From group medical requirements to a wide variety of individual and corporate coverage needs, Kris has continually raised the bar to ensure that our people and interests were, are and will continue to be- fully protected.

- Todd BergChairman & CEO, Liftomatic Material Handling, Inc.

...Aufmann has been our insurance broker for 18 years, providing our company with health, dental and vision insurance along with short-term and long-term disability coverage. Kris has proven to be a valuable asset to our company, offering a wide arrange of benefits to our employees and is always available if we have questions or need help with anything.

- Edward StritchPresident & CEO, The Concord Group

Aufmann has done an amazing job from guiding us through the best insurance coverage for our employees to the pricing out complete coverage in our area. I cant imagine an easier process than with Aufmann Associates. I Highly recommend Kris and the team as they go above and beyond what I've ever experienced before in complete insurance coverage. Thanks you!

- Sean McNamaraOwner, RLC Media
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1699 Wall Street, #506,
Mt. Prospect, IL
847.963.8807