Secure
Your Future
Protecting Your Loved Ones with
Reliable Life Insurance Solutions
Our Mission
At Haymaker Insurance Solutions, we are dedicated to providing peace of mind by offering comprehensive life insurance coverage tailored to your unique needs.
Coverage
Crafting extraordinary events tailored to your unique vision.
Term Life Insurance
Our affordable Term Life Insurance offers a death benefit for a specified term, ensuring your loved ones' financial stability in case of any unfortunate events.
Whole Life Insurance
Secure your family's future with our Whole Life Insurance, providing lifelong protection and a cash value component for added financial security.
Indexed Universal Life Insurance (IUL)
Enjoy flexible premiums and coverage with our Universal Life Insurance, offering long-term protection and potential cash value growth.
Final Expense Insurance
Ease the burden on your family during difficult times with our Final Expense Insurance, covering funeral and other end-of-life expenses.
Testimonials
Erik
(Camby, IN)
From the moment I first reached out to Haymaker Insurance Solutions, their professionalism and dedication were evident. They took the time to thoroughly understand my financial situation, future goals, and family dynamics before recommending any policy. This personalized approach instilled a sense of confidence in me, knowing that I wasn't just another client but someone whose well-being truly mattered to them.
Mike & Esther
(Richmond, VA)
What truly sets Haymaker Insurance Solutions apart is their unwavering commitment to client satisfaction. Even after the policy was in place, they continued to keep in touch, providing regular updates on market trends and policy performance. This proactive approach not only demonstrates their dedication to staying abreast of industry developments but also reassures me that my financial future is in capable hands.
Eileen
(Bryan, OH)
Haymaker Insurnace Solutions has shown exceptional compassion and empathy. When my husband passed away unexpectedly, they handled the claims process with utmost efficiency and sensitivity, alleviating much of the stress during such a difficult period. Their genuine concern for my well-being extended beyond mere business transactions, leaving a lasting impression of their integrity and humanity.
Frequently Asked Questions
Common Questions Answered for your convenience.
What is the difference between term life insurance and whole life insurance?
Term life insurance provides coverage for a specific period, such as 10, 20, or 30 years, and pays out a death benefit if the insured person dies within that term. Whole life insurance, on the other hand, offers lifelong coverage as long as premiums are paid, and it also includes a cash value component that grows over time.
How do I determine the amount of life insurance coverage I need?
The amount of life insurance you need depends on several factors, including your income, debts, living expenses, and future financial goals. A common guideline is to have coverage that is 10-12 times your annual income. Transamerica offers tools and advisors to help you calculate the appropriate coverage amount based on your specific circumstances.
What factors affect the cost of life insurance premiums?
Several factors influence life insurance premiums, including age, health, lifestyle, occupation, and the amount and type of coverage. Generally, younger and healthier individuals pay lower premiums. Lifestyle choices, such as smoking or participating in high-risk activities, can increase costs.
Can I convert my term life insurance policy to a whole life insurance policy?
Yes, many term life insurance policies can include a conversion option, allowing you to convert your term policy to a whole life policy without undergoing additional medical exams. This option is typically available within a specified period of the term policy.
How does the cash value in a whole life insurance policy work?
The cash value in a whole life insurance policy is a savings component that grows over time with tax-deferred interest. You can borrow against it, use it to pay premiums, or surrender the policy for the cash value. However, borrowing against the cash value or surrendering the policy can reduce the death benefit.
What happens if I miss a premium payment?
If you miss a premium payment, most life insurance policies, have a grace period (typically 30-31 days) during which you can make the payment without losing coverage. If the premium is not paid within the grace period, the policy may lapse. For whole life insurance, you may be able to use the cash value to cover missed payments, depending on the policy terms.