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Hobart Office:
219-942-1148
Crown Point Office:
219-663-2483

Individual Life Insurance

Peace of Mind for you and your Loved Ones.

Pinnacle Insurance Group of Indiana Inc. provides life insurance to individuals in Hobart, Crown Point, Portage, Valparaiso, St. John, Lowell, and surrounding areas.

Individual Life Insurance

Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. 

Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child’s education. It can even be used to continue payments on your mortgage to help ensure that the family home stays in the family.

At Pinnacle Insurance Group of Indiana Inc., we know that choosing a Life Insurance plan is a big decision with many important factors to consider. Our knowledgeable team of insurance professionals is committed to walking you through the process and providing you with the best insurance solution to give you and your family the peace of mind you deserve. 

Types of Individual Life Insurance

Pinnacle Insurance Group of Indiana Inc. offers several different coverage options for your consideration: term life, whole life, universal life, and variable life insurance.

Term Life – This is typically the simplest and least expensive insurance option. Term life insurance provides coverage at a fixed rate for a specified period of time. It’s a benefit policy that’s used primarily to cover financial responsibilities of the insured, with the benefit to be paid only if the insured were to die during the specified term. Most term life policies can be converted to a more permanent insurance solution such as whole life, variable life, or universal life insurance.   

There are two types of term life insurance: 

  • Annual Renewable Term is purchased for a period of one year, with the death benefit to be paid only if the insured were to die during that one-year term, along with the option to renew after the term period.
  • Level Term Life guarantees a fixed premium for a given period of time, usually in terms of 10, 15, 20, or 30 years. Your premium is based on your age and coverage options, with longer terms being more expensive.?

Whole Life – As the most common type of permanent insurance, a whole life policy guarantees a death benefit for the lifetime of the insured as well as a cash value account for savings. Your premium remains constant throughout the duration of policy while payments over and above your premium are credited to your savings, which earn a fixed rate of interest. 

Universal Life – Universal life policies are designed to be more flexible than other permanent Life Insurance. You are still guaranteed a death benefit for the duration of the policy as well as savings that accumulate cash value, but the flexibility of a Universal Life plan allows you to change certain aspects of your plan to accommodate life changes. 

Depending on your options, you have the flexibility to change the overall value of the death benefit as well as the time and amount in which you pay your premium. This gives you the option to focus on building your policy’s cash value, or pay a lower premium and focus on guaranteed protection. It’s important to note that changes to your universal life policy can affect its guarantees and limits.

Variable Universal Life - With a variable universal life (VUL) Insurance policy, you get the same flexible benefits of Universal Life while being able to take advantage of potential economic growth in the stock market. Instead of creating a cash value for savings, the value of your VUL policy is invested in professionally managed funds that reflect the performance of the stock market. This also means that as the policy owner, you assume the risk and responsibility of monitoring your own investments.

Pinnacle Insurance Group of Indiana Inc. is here for you

There are many things to take into account when purchasing life insurance, and changes in your life situation can reflect changes in your insurance requirements. That’s why it’s important to carefully consider the different policy options and ensure that you have the right solution to meet your long-term life insurance needs. 

An insurance specialist with Pinnacle Insurance Group of Indiana Inc. will review your current life insurance situation and help you design a policy to plan for the future. 

At the end of the day, one of the biggest investments you can make is an investment in yourself. 

 

Our Locations

Pinnacle Ins Grp - Hobart

618 E Third St
Hobart, IN 46342
Main office: 219-942-1148

Pinnacle Ins Grp - Crown Point

216 E Joliet St
Crown Point, IN 46307
Main office: 219-663-2483

Our Providers

Testimonials

Pinnacle Insurance Group is always there to help and sometimes just listen. You see they are not just for insurance, they're part of my family. Just ask my wife and daughters where they get their insurance. Client since 1992.
Larry Granzow
The Smith Agency isn't interested in making short term profits on your account, but in developing a long term relationship with you. I have been extremely satisfied with the performance of the staff of the Smith Agency during my association with them.
Dr. Thomas Dykiel
The School City of Hammond has worked with Citizens Management and Rick Smith of Smith Insurance for several years in processing our workers comp claims. The service we receive is excellent.
Diane Schweitzer, PhD, CSRM
I have worked with Rick Smith as our insurance agent for approximately eight years. Rick is very knowledgeable of the insurance needs of public school corporations...The office staff is very cooperative and promptly processes any requests we ask of them.
Rob James, CPA, CBO
I always appreciate a job well done...I'll never change my insurance because of [Joyce] and Rick's team.
Jeff Yergler
I have been a long time customer of the Pinnacle Group Insurance for many years and I have been very pleased with the service that I have received from them. The staff is very professional when dealing with insurance issues that need attention.
Doug Popp
Thank you for taking the time to research all of the quotes for me...I was very impressed with your thoroughness...
Anonymous
We are very pleased with Joyce Helsel and the staff at Pinnacle Insurance in Hobart. Numerous times Joyce has gone out of her way to get us the best coverage and pricing for home, cars and toys. Many times she has done this without us asking...We highly recommend Joyce Helsel and Pinnacle Insurance for your insurance needs.
Kent and Peggy Rosenbaum
Thank you for your amazing response to our claim situation. You and your team made a bad situation a little better. Kudos to the adjuster Derek Cooley that came out to view the damage. He was very professional, informative and compassionate. Everyone involved worked as a wonderful team to help us minimize our lose starting with our agent Mark Bates at Pinnacle Insurance Group to AmeriClean of Merrillville and their crew, and last but not least to your Company and crew. Sincerely grateful, John Jacques and Marie DiCianni Jacques
John & Marie DiCianni Jacques
We want to thank you again for listening to our dilemma on Saturday, recognizing that we were under some serious time restraints, and for sending out the email and following up with it so the adjuster was at our house on Monday, and we were given the OK to go ahead with repairs immediately. All of this made an upsetting situation a manageable one...Thank you again.
Laura and Paul Hutchison