Individual Life Insurance

In the case of a tragic event, life insurance can help your family cover the loss of your income, pay off debts, cover medical bills or fund a child's education.


Basic Types of Life Insurance

There are essentially two types of life insurance: term insurance and permanent insurance. The difference between the two is similar to the difference between renting and owning. The choice you make will depend upon your financial situation and your goals. Your Financial Professional can help you determine what's right for you.

Term Life Insurance: "Renting"

  • Offers protection for a specified period of time - the term of the policy
  • Requires the policyholder to pay only for the protection against death
  • Does not enable policyholder to build cash value
  • Death benefit is paid if the Insured dies during the specified period
  • Premiums generally remain level or increase throughout the specified period
  • It can be considerably less expensive intitally than permanent life insurance and gives policyholders the alternative of using the savings to invest on their own

Permanent Life Insurance: "Owning"

  • Offers the opportunity for protection for the entire life of the Insured
  • Allows you to potentially grow the cash value of the policy
  • Comprises four main types: whole life, variable life, universal life, and variable universal life
  • Each type may offer different premium payment methods, death benefit features, investment options and degrees of flexibility

Individual vs. Group Life Insurance

We have both Term ("renting") and Permanent ("owning") Life Insurance options available individually. Individual Life Insurance can be customized to fit your financial needs. You can choose from multiple plans, features, riders and payments. Underwriting is required.

The Group Life Insurance plan is term life insurance, so while you can't customize the plan, the rates tend to be less expensive than permanent life insurance. As a new associate, our Group Life Insurance is available Guaranteed-Issue, which means there is no underwriting process. After your New Associate Election Period has ended, you can still participate in the Group Life Insurance, but you will be required to submit evidence of insurability.


Enrollment just got easier for you

You will be treated with the utmost professionalism and customer service to satisfy your every need because our goals are aligned with yours. Together we work to deliver the highest return on your benefits investment.

Duly registered and licensed Financial Professionals offer securities through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA, SIPC (Equitable Financial Advisors in MI & TN), offer investment advisory products and services through Equitable Advisors, LLC, an SEC-registered investment advisor, and offer annuity and insurance products through Equitable Network, LLC (Equitable Network Insurance Agency of California, LLC in CA; Equitable Network Insurance Agency of Utah, LLC in UT; Equitable Network of Puerto Rico, Inc.). Financial Professionals may solicit and transact business and/or respond to inquiries only in state(s) in which they are properly qualified. The information in this website is not investment or securities advice and does not constitute an offer. For more information about Equitable Advisors, LLC you may visit to review the firm's Relationship Summary for Retail Investors and General Conflicts of Interest Disclosure. Dergalis Associates is not owned or operated by Equitable Advisors or Equitable Network. PPG-6470215.1 (03/24) (Exp. 03/28)