Life Insurance Coverage
The questions that come along with life insurance can seem overwhelming
- How do I calculate how much coverage I need?
- What type of policy works best for me and my family?
- What coverage does it provide?
We want to help simplify those questions and put a policy in place that fits your personal needs. We’ve partnered with Crump Life Insurance, a full-service brokerage to bring more options and simplicity to you and your family. Crump Life Insurance has access to several markets which gives them the ability to find the best solution for you.
Learning the basics
There are several life insurance options in today’s market, but these can be divided into 2 different types: Term and Permanent life insurance. Below are the most common types of policies but there are also other types. If you think you need a different solution, give us a call and we can help navigate what you are looking for.
Most Common Policy Types
Term Life: This policy type is for a specific time frame (10, 20, 30 years or even longer). Once the term is up, the policy expires, and you will need to reapply for another ‘term’ should you wish to continue coverage. Typically, term insurance offers the greatest amount of coverage for the lowest initial premium and is a good choice for families on a tight budget. There are options to add a spouse or child rider but there is no ‘cash value’ aspect to the policy.
Whole Life: This is considered ‘permanent insurance’ and the simplest and most common option. It provides a death benefit and accumulates *cash value. Premiums remain the same for life, and the death benefit and rate of return on your cash value are guaranteed.
Universal Life: Like whole life, this policy is also considered ‘permanent insurance’ type and provides a death benefit for life. Universal life accumulates *cash value and offers the flexibility of varying the amount of your premium payments. It also offers the certainty of a guaranteed minimum death benefit as long as your premiums are sufficient to sustain it. If you do not maintain those minimum premiums, your death benefit can be reduced.
*Cash Value: A policy’s cash value can be surrendered, in total or in part, for cash that can be put toward important uses. You can also borrow from your cash value at relatively low interest rates and use cash value as collateral. Certain conditions or restrictions may apply to the use of cash value.
Insurance Proceeds Can Fund Many Types of Expenses
- Funeral costs
- Uncovered medical expenses
- Car loans
- Credit card debt
- Estate settlement costs
- Health Care
Years in Business
Years of Experience
Mountain Lakes Insurance opened its doors in 2009. Owners Erwin Dykstra & Jeff Nevison were former agency owners with a captive carrier but had a calling to create their own brand of customer service and experience. Our vision is to be the most valued and respected insurance agency in our community by providing trustworthy advice, reliable service, professionalism and friendliness to everyone we meet.
Our incredible team of agents has over 79 years combined experience. We strive to go beyond the basics and engage with our clients on a personal level. We provide highly rated carriers that offer our clients the best coverage protection and claims service.
After 10 years, we still strive above all else, to provide exceptional value through knowledge and transparency. We are committed to serving our clients, community, and team members with integrity and compassion.
Our dedication isn’t just to our clients. Woodstock is where we call home and we’re proud to be involved through the Cherokee Chamber, IN WDSTK, Woodstock Christian Business Network and our local churches. We are also members of Independent Insurance Agents of Georgia (I.I.A.G) and Trusted Choice.
"Great to deal with, always looking out for their customers, and will find you the insurance for your needs."David L.
"Here is a company that is always looking out for the interests of others."Douglas F.
"I have been with Mountain Lakes Insurance going on 3 years now and they are great! Great customer service and best deal I could find for insurance! Look no further!"Bethany D.
Our Clients Are Like Family
We aren’t just your insurance agent, we’re your neighbor, friend, and supporter. Our dedication goes beyond a policy, we want to assist you personally and professionally in any way we can. Everyone’s story is different, and we want to know yours.