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Louisiana Life Insurance Coverage

Life Insurance in Louisiana

Unknown to many, life insurance encompasses multiple facets of coverage, with numerous policy seekers only aware of whole life protection. This means each policy will likely have different terms, allowing various residents within Louisiana to benefit from multiple types of coverage. Listed below are some examples of life insurance that MultiSurance specializes in.

Whole Life Insurance

This policy protects you for your entire life, after which your beneficiaries receive the payout once you pass away. It comes with a cash value feature that builds value over time, allowing you to either redeem it for use or transfer the proceeds to your loved ones. Once redeemed, it can be used as a retirement fund, relieving you from everyday expenses during the later stages of life.

Some areas that your beneficiaries can utilize the payout from this policy include paying for childcare costs, spousal support, and last expenses. It can also serve as a trust fund for younger beneficiaries, giving them a stable financial path.

Term Life Insurance

As the name suggests, term life insurance refers to coverage that lasts for a stipulated time before it expires. If you die during this term, your beneficiaries receive death benefits. However, if you outlive your policy, your beneficiaries are no longer eligible for the payout. Fortunately, policy seekers can extend it for a longer period and convert it to permanent coverage.

Universal Life Insurance

Universal life insurance is another permanent coverage that protects you until you pass away, allowing your beneficiaries to receive the payout. It also gives the policyholder a cash value benefit that builds value throughout the cover. Unlike whole life insurance, it offers flexible terms to increase or decrease your payment. If, for instance, you need relief due to an increase in mortgage when you move to a new house, this cover allows for a renewal of payment terms.

If you reside within New Orleans, LA area and need a policy tailored to the state's legislative requirements, MultiSurance is the partner you need. Contact our agents today to help you get life insurance suited to you and your loved one's needs.

Servicing States

  • Louisiana
  • Texas
  • Georgia
  • Florida
  • Mississippi
  • Alabama
  • South Carolina
  • North Carolina


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Partner Carriers

  • Abacus
  • BTIS
  • Burns & WilCox
  • CRC Group
  • Crump
  • Encompass
  • 5Star
  • Foremost
  • ISC
  • Lincoln Financial Group
  • Mutual of Omaha
  • National General
  • Neptune
  • Progressive
  • Wright Flood