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We currently service the states listed below, and strive to provide you the same level of personal service in today's online community as we would if we were sitting face-to-face. The founders of Freedom Benefits, Bonny and Johnny Allbright, and next generation owners, Jody Allbright and DeeDee Allbright, have been specialists in the insurance business for over 30 years. We hope you will give us a chance to earn your business.




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Each person's insurance needs are different, and which policy you choose will be based on each person's individual situation. There are a lot of factors involved in determining which coverage is right for you ... such as: age, health conditions, how much life insurance you need and why you need the life insurance. The brief information we have provided below is for your reference. If you are looking to buy life insurance there are so many things to consider, we strongly recommend you take a few minutes to call and consult with one of our highly knowledgeable family members today. We can help you make the process simple by going over all your options to determine the solution that fits your specific need at this time.

Types of Life Insurance Policies

Term Life Insurance

Term life provides a cash benefit should you die within the specified term. Term Life can be ideal if you are looking for affordable life coverage for important life events such as marriage, birth or adoption of children, and the purchase of a new home. Most term policies have a renewable option, however, as you get older, and the term policy expires, your risk of dying increases, so the cost of term insurance goes up. Term insurance does not build cash value, making it less expensive than whole life or other types of permanent insurance.

Accidental Death Life

Accidental Death Life Insurance is a distinctive term life insurance that pays the entire benefit amount to your beneficiaries if you die in an accident on or off the job. This is a very inexpensive way to insure the future of your family. New Plans have been introduced to the market that also offers an Accident-Only Disability Income option that can be added, that provides a monthly benefit if you are totally disabled by an accident.

Annual Renewable Term Life

Annually renewable term, or "ART" (sometimes called yearly renewable term, or "YRT"), is an example of a term insurance policy that has a constant face value and premiums that are adjusted upwards each year to reflect the increasing probability of your death in any given year.

Decreasing Term Life


Decreasing term insurance refers to a type of annual renewable term life insurance policy with a decreasing death benefit (face amount) and level premiums. Decreasing term is ideal for insuring a liability that is gradually being paid off, like a home mortgage.

Level Term Life


If you prefer, you may select a "level term" policy which guarantees that you will pay the same annual premium for a set number of years (usually 5, 10, 15, or 20) for the same amount of death benefit. The longer the guaranteed term, the greater the initial premium, but the longer the premium stays fixed. In most cases, if you know you will need your term insurance for an extended period of time, a level term policy will prove less costly than an annual renewable term policy.

Mortgage Life Insurance


Mortgage Life insurance is an policy which either pays lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer.

Return of Premium Term Life

A relatively new type of policy, life insurance provides the benefits of traditional term life while the policy is in force, and then at the end of the policy period, pays back all the premiums you have paid. The catch, of course, is that you must still be alive to collect your premiums.


Whole Life


A whole life policy offers lifelong, permanent insurance protection that is ideal for individual, business or estate-planning needs. Over time, a whole life policy builds cash value, which you may borrow against if needed. The death benefit is income tax-free. Unsually, this type of policy has a level premium for the life of the policy. Initial premiums are generally high compared with term insurance premiums, but eventually they become lower than the premiums you would pay if you had kept renewing a term policy. For business owners, the protection provided by a whole life policy can assure their company will have the finances to continue to operate after the death of a key person.

Single Premium Life Insurance

A single premium life insurance is a fully paid-up whole life insurance plan that is purchased with one lump sum payment. No future payments are necessary. Rates are low due to higher interest rate assumptions. Due to the single premium payment the policy will have an immediate cash value and loan value which could be significant depending on the amount of the single premium payment. Cash value continues to increase annually even though you pay no additional premiums. Since a substantial single premium payment could be involved, this type of plan may be viewed more as an investment-oriented type of whole life insurance product.

Universal Life

With universal life insurance coverage, which also covers you for as long as you live, you can vary your premium payments and the face amount of your coverage. Most of your premium payment goes into an account, which earns interest. You may borrow against the cash value, but eventually, if the balance continues to drop, your coverage will end. To prevent that, you would have to start making premium payments again, increase your premium payments, or lower your death benefits. Generally, your policy will state that it will pay the premiums from the cash value of your policy.

No Exam Life Insurance

No Exam Life Insurance can be for either term life or whole life insurance. Basically, the issuance of the policy is based upon the answers you provide on the application, there is no medical exam required. You will not be required to give blood or do a paramedical exam. Coverage amounts vary depending on age and health conditions. If you are restricted on time or simply don’t like the thought of taking a physical for life insurance this is the best way to go.

Final Expense Life Insurance

Final Expense Life Insurance is designed to take care of your final expenses. Families are often faced with bills for funeral expenses, medical and travel expenses and other debts when the loss of a loved one occurs. Most companies offer three different plans to assist in paying for final expenses: (1) Level Death Benefit (2) Graded Death Benefit (3) Modified Death Benefit. Your past and current health will determine which plan you qualify for. Benefits on these policies do not decrease due to age or declining health and premiums will not increase. This coverage builds guaranteed cash values that you may borrow against for future emergencies.

Guaranteed Issue Life Insurance

Guaranteed Issue Life Insurance has No Health Questions! No Medical Examinations! No Physical Examinations! They usually have a very simple application with lower coverage amounts that can vary by company. They have Level Guaranteed Premiums for life. This is a great solution for those who have been diagnosed with a terminal illness or who have been declined by multiple insurance companies due to health conditions. If you've been refused insurance or been offered a plan with a high surcharge because of your health, habits or family medical history, Guaranteed Issue Life Insurance is an option. Your need only indicate basic information such as name, address and beneficiary to receive an application to obtain the life insurance.

Child Life Insurance

Insurance is simply preparation for the direct and indirect expenses of a future event. That is why many parents view taking out a child life insurance policy as too morbid to consider. However, there are several reasons why the subject of child life insurance should not be considered taboo in your family.

Whole Life Insurance for Children

Whole child life insurance allows them to get insurance at low premiums. Since premiums are guaranteed to stay at the same low rate for the rest of their lives, you give your child protection against the high premiums he or she would have to pay when life insurance is purchased during adulthood. It builds cash value, so your child will have the option to borrow against their policy, or cash it in if a future need should arise. Benefits can never be reduced or cancelled no matter what health issues occur in your child's adult life.

Term Life Insurance for Children

Even term child life insurance has its benefits. For example, it ensures future eligibility, which may be important if your family has a history of illness. If you take out an insurance policy on your child, he or she becomes automatically eligible for any type of insurance later in life.

Child Life Insurance Can Save Your Family
One of the main reasons why getting life insurance for children is a good decision is one that families often fail to accept – the death of a child. A child's death can be emotionally devastating, both to the parents and to the remaining children. It can be financially devastating too. Moreover, studies show that the possibility of dysfunction and divorce are high in a family that has suffered the loss of a child. The family needs time to grieve and having a financial cushion can be a good way to buy time without depriving the family of the benefits of an income. Child life insurance can also pay for professional help and counseling for the family.



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