One plan that covers your income, your health, and your retirement
Term life for your working years, IUL for retirement, and supplemental cash if illness strikes. One plan, compared across the market.
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Real coverage, real budgets
Illustrative monthly figures for common situations, so you can see the ballpark before you share a single detail. Term and supplemental figures are premiums for the coverage shown; IUL figures are example funding levels that buy the death benefit while building cash value. Your quotes are personalized to your age, state, and health.
| Policy type | Applicant | Coverage | Monthly rate |
|---|---|---|---|
| Term Life (20yr) | Female, 35, non-tobacco | $1,000,000 | $48/mo |
| Term Life (30yr) | Male, 40, non-tobacco | $1,500,000 | $142/mo |
| IUL | Female, 40, non-tobacco | $250,000 + cash value | $320/mo |
| IUL | Male, 45, non-tobacco | $500,000 + cash value | $610/mo |
| Supplemental (critical illness) | Male, 45, non-tobacco | $50,000 benefit | $46/mo |
| Supplemental (hospital + CI) | Female, 38, non-tobacco | $25,000 benefit | $29/mo |
Sample figures are illustrative, based on non-tobacco applicants in good health, and vary by carrier, state, and underwriting class. IUL cash value growth depends on index performance, caps, and policy charges and is not guaranteed. Your quote reflects your exact situation.
We compare policies from carriers including
Each carrier prices age, health, and tobacco use differently, and each is strong in different products. The carrier with the sharpest 30-year term rates rarely has the best IUL caps, which is exactly why a three-part plan should be shopped piece by piece.
- Summit Mutual
- Harborline Life
- Blue Cedar Assurance
- Meridian Life Group
- Foundry National
- Coastal Guaranty Life
- Prairie Mutual
- Beacon Standard
Why families choose Covrwell
Instant Quotes
Compare real prices from multiple carriers in under a minute. No phone call required to see numbers, and no games where the advertised rate vanishes once you apply.
Hassle-Free Service
One short application, handled by us from submission through approval. No repeated paperwork, no being passed between departments, no chasing carriers for status updates.
Policy Transparency
We show you exactly what each policy covers, what it excludes, and any waiting periods. Before you apply, in writing, so there are no surprises at claim time.
Expert Guidance
Licensed, salary-based agents who recommend what fits your budget and health, not what pays the biggest commission. If keeping your current policy is right, we say so.
Coverage options
Three pieces, one plan: protection for your working years, wealth for retirement, and cash if your health takes a hit. We price them together as a bundle and individually, so you can see exactly what each piece costs before deciding anything.
How Covrwell works
From first question to in-force policy, here's exactly what happens, and what never does (pressure, spam calls, surprise fees).
Tell us what you're protecting
Answer a few quick questions online or over the phone: your income, who depends on it, what you've already got saved for retirement, and a little about your health. It takes about a minute, and nothing is submitted to any insurance company at this stage. You're just telling us what to design around.
We design and price your plan
We build the three-part picture (term sized to your income, an IUL funded at a level that makes sense next to your 401(k), and a supplemental benefit sized to your emergency fund gap), then shop each piece across our carriers. Underwriting is where prices diverge, and matching your profile to the right carrier for each product is exactly the work we do.
Apply on your terms
When you're ready, and only then, we handle the applications with the carriers you choose, schedule any exam or phone interview, and track the approvals. Many carriers now offer accelerated underwriting that skips the exam for qualified applicants. If your situation changes later, we re-shop your coverage for free, because we work for you rather than any single insurer.
What our clients say
The pattern in our reviews isn't an accident: people expect pressure and get a comparison instead. Here's what that sounds like from the folks who lived it.
5.0
“We thought we just needed term insurance. Our advisor showed us how a smaller term policy plus an IUL actually cost about the same as the big term quote we walked in with, and now part of it builds retirement value.”
5.0
“The critical illness policy paid out six weeks after my heart attack. That check covered the mortgage while I was off work. My health insurance never would have.”
5.0
“No pressure at all. They explained term, IUL, and the cash-benefit coverage in plain English, showed the numbers side by side, and let me decide. That's rare in this business.”
5.0
“Set up a $1.5M term policy for me and an IUL for my wife in the same week. Clear pricing, fast approvals, and they answered every question about the index caps honestly.”
5.0
“I expected to be talked into the biggest policy. Instead they right-sized my term coverage and put the difference toward a supplemental plan. Honest company.”
5.0
“From quote to approved policies in under three weeks, exam included. They handled the carrier paperwork and called me when it was done. Couldn't have been easier.”
Why customers prefer an independent agency
A captive agent answers to one carrier. A direct-to-consumer website sells you one company's products with no advice at all. Here's how the three ways to buy actually compare.
| Captive agents | Buying direct | Covrwell | |
|---|---|---|---|
| Compare policies from many carriers | ✕ | ✕ | ✓ |
| Instant online quotes | ✕ | ✓ | ✓ |
| Salary-based (non-commission) advisors | ✕ | ✕ | ✓ |
| Help with any carrier's claims paperwork | ✓ | ✕ | ✓ |
| No pressure to buy on the first call | ✕ | ✕ | ✓ |
The three-part plan, explained simply
Your financial life has three exposures, and each one has a purpose-built tool. Term life replaces your income if you die during your working years: the highest coverage per dollar, sized to your salary and mortgage, for exactly the window your family depends on you. Indexed universal life (IUL) is permanent coverage whose cash value is credited based on a market index, with a floor that protects it in down years: a tax-advantaged bucket you can draw on in retirement alongside your 401(k). Supplemental coverage (critical illness and hospital indemnity) pays cash directly to you if a cancer diagnosis, heart attack, stroke, or hospital stay hits during those earning years.
Most people own exactly one of the three, usually a term policy through work that ends the day the job does. Being covered well means each risk is handled and the budget is split deliberately between them, not spent entirely on whichever product someone happened to sell you first.
Two numbers drive every quote: your age and your health. Both only move in one direction, which is why the same coverage costs less today than it will next year, and why the IUL you fund at 40 has a decade more compounding than the one you fund at 50. Locking your insurability now, even at a modest level, keeps every option open.
Read the GuidesWhat you can expect from a policy through us
- Term protection from $250,000 to $3 million+, sized to your actual income and obligations.
- IUL cash value grows tax-deferred with a 0% floor, so down market years don't subtract from it.
- Supplemental benefits are paid in cash directly to you, on diagnosis or admission. No receipts, no networks.
- Term premiums are level for the full 10-30 year term you choose; no renewal surprises.
- Death benefits are paid to your beneficiary income-tax-free, usually within days of a claim.
- Accelerated underwriting options that skip the medical exam for many qualified applicants.
- Free annual plan reviews to rebalance the three pieces as your income and savings grow.
- Licensed agents in your state who explain caps, floors, and exclusions before you sign.
- No fees for our service, ever. You pay only the carrier's premium, never a markup.
- Cancel anytime; every policy includes a free-look period with a full refund by law.
Every item above is standard in the policies we place, not an upsell. When a policy can't deliver one of them for your situation (for example, when health history makes a waiting period unavoidable), your agent tells you before you apply, shows you the alternative, and lets you decide with the trade-offs on the table.
How the plan shifts through your peak earning years
There is no single “best” mix of the three pieces; there's a best mix for the decade you're in, the people who depend on you, and how much runway your retirement savings still have. Here's how the picture typically changes through the years the plan is built for, and what our agents most often recommend at each stage.
In your mid-30s to early 40s
Term does its heaviest lifting here: children are young, the mortgage balance is high, and coverage is at its cheapest. A 20- or 30-year term sized at 10-12 times your income locks in decades of protection while you're at your healthiest. This is also the highest-leverage decade to start an IUL: every year of funding at 38 is worth more than a year of funding at 48, because the cash value has that much longer to compound.
In your mid-40s
Income usually peaks while the statistics on cancer, heart attack, and stroke start climbing, which makes this the decade the supplemental piece earns its place. A health event at 46 doesn't just bring medical bills; it interrupts your best earning and saving years. A lump-sum cash benefit keeps the mortgage paid and the retirement contributions flowing while you recover, so one bad year doesn't undo fifteen good ones.
In your 50s
Obligations start to shrink and the emphasis shifts from protection toward the exit: many clients step the term coverage down as the mortgage falls and the kids launch, keep funding the IUL as a tax-advantaged complement to their 401(k), and hold the supplemental coverage through the highest-risk pre-retirement years. Buying or converting the permanent piece now, while underwriting is still friendly, costs far less than waiting.
What “independent agency” actually means for you
A captive agent represents one insurance company and can only sell that company's policies at that company's prices, whatever your situation. An independent agency like Covrwell holds appointments with many carriers at once, so the question changes from “will this company approve you?” to “which of these companies treats your age and health best?” The difference shows up directly in your premium.
It also changes the incentives. Because we can place you with any of our partners, there's no reason to push the policy that pays best, only the one that fits. Our agents are salaried, our quotes show the carriers by name, and if keeping the coverage you already own is the right move, that's our recommendation. You keep one point of contact for the life of the policy, including at claim time, when our team helps your family with the carrier's paperwork.
Eight questions to ask before you buy any policy
- Is the premium guaranteed level for the full term, or can the carrier raise it at renewal or at certain ages?
- If it's a term policy, can it be converted to permanent coverage later without new health questions, and until what age?
- On an IUL: what are the current cap, participation rate, and floor, and what has the carrier's history of moving them been on in-force policies?
- On an IUL: is the illustration run at the maximum allowed rate, or at a conservative one? And does the policy still work if I fund it at the level I can actually sustain?
- On supplemental coverage: exactly which diagnoses trigger the benefit, at what severity, and is the payout a full lump sum or tiered?
- How does this carrier treat my specific health history, and did the agent compare anyone else's underwriting before quoting?
- What is the carrier's financial strength rating, so the promise behind the policy is as solid as the price?
- Who helps my family file the claim: a call center, or the agent who sold the policy?
Any agent worth working with can answer all eight without hesitation. If you hear vagueness on the premium guarantee or the IUL illustration assumptions, keep shopping; those two answers are where bad policies hide.
Latest guides
Read the GuidesWhat Is Indexed Universal Life (IUL)?
IUL is permanent life insurance whose cash value is credited based on a market index, with a floor against down years. Learn how it works, what the caps and floors mean, and who it actually fits.
8 min read
How Much Term Life Insurance Do I Need?
A practical framework for sizing term life coverage to your income, mortgage, and family, and choosing the right term length, for professionals in their 30s, 40s, and 50s.
7 min read
What Is Supplemental Health Coverage?
Critical illness and hospital indemnity insurance pay cash directly to you, not the hospital, after a cancer diagnosis, heart attack, stroke, or hospital stay. Here's how the benefits work and how to size them.
6 min read
Common Questions
Frequently asked questions
Straight answers about quotes, coverage, and how we work.
What does it mean to be 'covered well'?
It means all three risks are handled, not just one. Term life protects your income if you die during your working years. An IUL builds tax-advantaged value you can draw on in retirement. Supplemental coverage pays you cash if a cancer diagnosis, heart attack, stroke, or hospital stay interrupts your earning years. Most people we meet have exactly one of the three.
Does getting a quote cost anything or commit me to buying?
No. Quotes are free, there's no obligation, and no payment information is collected at any point in the quote process. You only pay a premium if you choose a policy, complete the application, and the carrier issues your coverage.
Do I need a medical exam to get coverage?
Not always. Many carriers now offer accelerated underwriting that approves qualified applicants for term and IUL coverage with no exam: health questions and database checks only. Larger coverage amounts may still involve an exam, which usually earns you a meaningfully lower rate in exchange. Most supplemental policies are simplified issue with no exam at all.
Why use an independent agency instead of going directly to an insurer?
A single insurer can only sell you its own products at its own prices, and its agents are paid to do exactly that. An independent agency compares many carriers for your exact age and health profile. And for a three-part plan, the best carrier for your term coverage is almost never the best carrier for your IUL or your supplemental benefit.
How much term life insurance do I actually need?
For income protection, a common starting point is 10-12 times your annual income, adjusted for your mortgage and debts. If you earn $150,000, that's a $1.5-$2 million policy, which typically costs far less per month than people expect at ages 35-55. An agent can walk you through the math for your situation in a few minutes.
Is an IUL a good investment?
An IUL is life insurance with a cash accumulation feature, not a market investment. Its value is credited based on an index's performance, subject to a cap or participation rate, with a floor (typically 0%) that protects it in down years. It complements a 401(k) and IRA rather than replacing them, and it makes the most sense when you're already capturing any employer match and want an additional tax-advantaged bucket.
What does supplemental coverage pay for?
Whatever you want. Unlike health insurance, which pays providers, critical illness and hospital indemnity policies pay a lump-sum cash benefit directly to you when you're diagnosed with a covered condition or admitted to the hospital. People use it for the mortgage, deductibles and out-of-pocket maximums, travel for treatment, or simply replacing income while they recover.
How fast can a policy be in force?
Supplemental policies are often approved within days. Term and IUL policies with accelerated underwriting are frequently approved in one to two weeks; fully underwritten applications with an exam typically take three to six weeks. Your agent tracks every application and keeps you posted.
What happens to my quote information?
It goes to our licensed agents, and nowhere else. We don't sell or share your information with lead brokers, and you won't get calls from a dozen companies. One agency, one point of contact, until you tell us you're done.
What if I already have a policy? Can you review it?
Bring it. A quick review tells you whether today's market beats what you're paying, whether your coverage still matches your income, and how the pieces you own fit into the three-part picture. Sometimes the answer is 'keep exactly what you have,' and we'll tell you that, because replacing a good policy with a worse one helps no one.
See your three-part plan in the next 60 seconds
Free quotes from 8+ carriers, delivered by a licensed agent who prices each piece of the plan for your exact age and health. No payment info, no obligation, no pressure. And if the honest answer is that you only need one or two of the pieces, that's the answer you'll get.