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Individual Life Insurance

Peace of Mind for you and your Loved Ones

Dowd Insurance Agency provides life insurance to individuals in Cedar Park, Austin, Leander, Georgetown, Round Rock, Pflugerville, 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 Dowd Insurance Agency, 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

Dowd Insurance Agency 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 is a benefit policy that is 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 the 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 is 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.

Dowd Insurance Agency 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 is why it is 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 Dowd Insurance Agency 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. 

 

Dowd Insurance Agency

1841 S Lakeline Blvd. Ste 101-302

Cedar Park, TX 78613

Main office: 512-400-3118
Fax: 512-506-8115

Office Hours:

Mon: 9:00 AM - 5:00 PM
Tues: 9:00 AM - 5:00 PM
Wed: 9:00 AM - 5:00 PM
Thurs: 9:00 AM - 5:00 PM
Fri: 9:00 AM - 5:00 PM
Sat: By Appointment
Sun: Closed

Our Providers

Testimonials

I have used Dowd Insurance now for a number of years & have never been disappointed with the value or the quality of products or services offered. The entire team is always professional, very responsive, & extremely trustworthy! They are also very proactive in reaching out to recommend any changes in coverage along with ways to save money. You can take heart in the fact that Dowd Insurance isn’t just trying to sell you something, they legitimately care about their clients & their well-being.
Brian Hodges
Dowd Insurance has been my insurance provider for several years and have always thought I had the best agency. I periodically check with other providers and Dowd Insurance has always equaled or topped competitors in their rates. I am a real estate agent and when I have a client needing an agent I refer them to Dowd Insurance.
Denny Dunlap
I began working with Tom Dowd in 2006. I was very impressed early on because Tom took the time to really understand my business before recommending coverage that was tailored to our needs. I had no idea how little service our past provider was giving us. We do a complete review each year, and as my business evolves I trust Dowd Insurance to ensure we have the coverages my business needs to manage our risks appropriately. I feel like Dowd Insurance is part of the family. The team at Dowd Insurance are always responsive and professional. I am happy to say Integra is a life long customer.
Ron Skaggs, CEO, Integra Technologies