How Much Life Insurance Do I Need?
Estimate the face amount required to meet survivor needs such as income replacement, debt repayment, and education funding.How Long Will My Current Life Insurance Proceeds Last?
Calculate how long a lump sum death benefit will last based on your spending rate and investment returns.Compare Term vs. Permanent Insurance
See the cost differences and coverage trade-offs between term life and permanent life policies.Life insurance provides a tax-free death benefit to your beneficiaries, offering financial security when it’s needed most. Beyond this protection, certain types of life insurance can also be used as a financial tool to build cash value, create liquidity, and support long-term planning strategies. At Gamble Risk Management, our focus is on helping you understand your options so you can choose coverage that fits your goals and budget.
Term Life Insurance
Provides coverage for a set period (e.g., 10, 20, or 30 years) at generally lower initial premiums. Designed primarily for income replacement during high-responsibility years.
Whole Life Insurance
Offers lifetime coverage with guaranteed premiums, guaranteed cash value growth, and eligibility for dividends (from mutual companies).
Universal Life Insurance
Provides flexible premiums and adjustable death benefits, with cash value growth based on fixed or indexed interest rates.
Accelerated Death Benefit Rider – Access part of your death benefit if diagnosed with a terminal illness.
Chronic Illness Rider – Provides funds if you cannot perform certain daily activities.
Critical Illness Rider – Lump-sum payment for qualifying conditions such as heart attack or cancer.
Waiver of Premium Rider – Waives premiums if you become disabled.
Income Replacement – Ensuring your family can maintain its standard of living.
Debt Protection – Paying off major debts such as mortgages.
Wealth Transfer – Passing assets efficiently to heirs.
Cash Value Strategies – Funding opportunities like the Infinite Banking Concept.
Family protection during working years
Estate planning for high-net-worth households
Long-term financial strategies that combine protection and asset growth
Whether you're just starting your financial journey or looking to refine your existing plan, our goal is to equip you with the clarity, tools, and confidence to make the best decisions for your future. Book Your Consultation today and take the first step toward your own financial independence.
NAIC – Life Insurance Buyer’s Guide
Official NAIC publication explaining policy types, riders, and consumer protections.FINRA – Understanding Life Insurance
Explains term, whole, and universal life, and how to evaluate their suitability.Insurance Information Institute – Life Insurance Basics
Overview of how life insurance works, common policy features, and beneficiary considerations.Kiplinger – How Much Life Insurance Do You Really Need?
Practical advice for sizing policies to your goals.Forbes – Permanent vs. Term Life Insurance
Comparison of costs, flexibility, and long-term benefits.