---
title: Life Insurance | Get a Quote | PJ&C Insurance
description: Get a quote on life insurance with PJ&C Insurance. Explore our tailored insurance options for residents of AL, GA, MS, NC, SC, LA, TN, KY, FL, TX, NV, CA, CO, KS, OH, and DC today.
---

For more than 50 years, Pepper, Johnstone & Company has been trusted with insuring families and businesses. We partner with 60+ insurance companies so that you can consider options that provide the most appropriate protection.

# Life Insurance

from Pepper, Johnstone & Company

There are two major types of life insurance – term and permanent. When you think of term life insurance, equate it to “temporary” insurance, because it only provides coverage for a specified numbers of years i.e., term. Permanent life insurance is just that – “permanent” – in that it covers the span of your entire life. Permanent life insurance encompasses several subcategories, including traditional whole life, universal life, variable life and variable universal life. In 2003, approximately 6.4 million individual life insurance policies purchased were term and about 7.1 million were permanent.

Life insurance products for groups (employer sponsored) are different from life insurance sold to individuals. The information below focuses on life insurance sold to individuals. If you are interested in group life insurance, [speak with one of our experienced professionals today](/contact).

### Get a free quote for life insurance

We'll provide you with a life insurance quote from an insurer that meets your needs and your budget.

[GET A QUOTE](/insurance/life/life-insurance/quote)

[GET SERVICE](/claims-services)

* * *

### Term Life

Term Life Insurance is the simplest form of life insurance. It pays only if death occurs during the term of the policy, which is usually from 10 to 30 years. Most term policies have no other benefit provisions. So, if you seek life insurance for a limited time – long enough to meet your anticipated responsibilities to those who depend on you, but not longer – Term Life Insurance may be right for you.

#### Term Life Basics

- Provides coverage only for a specified period (typically 10 – 30 years)
- Affordable way to obtain maximum death benefits
- Becomes considerably more expensive after the specified term period
- You build no equity – i.e., no cash value accumulation

### Permanent Life

Permanent Life Insurance pays a death benefit whenever you die – if you are still leaving beyond a certain age (age 120 with most insurance companies) then the policy pays you the death benefit. There are three major types of permanent life insurance – whole life, universal life, and variable universal life, and there are variations within each type. So, if you value added security, flexibility, cash value and lifetime coverage, some form of Permanent Life Insurance may be the option of choice.

#### Permanent Life Basics

- Protection for your whole life, as long as the premiums are paid
- Can build equity in the form of a separate cash value account
- Offers flexibility and many options to choose from
- Initially higher premiums than Term, but generally more cost-effective in the long run

### Whole Life

This is the most common type of permanent insurance policy. It offers a death benefit along with a savings account. If you select this type of life insurance policy, you are agreeing to pay a certain amount in premium on a regular basis, a portion of which covers the cost of the specified death benefit. The remaining portion of the premium paid is allocated toward the savings element (cash value account) that grows at either a guaranteed or non-guaranteed interest rate, depending on the option you select.

### Universal Life

This type of policy offers greater flexibility than whole life insurance, such as the option to increase the death benefit, if you pass a medical examination. The savings component to this policy type (called a cash value account) generally earns a money market rate of interest. After money has accumulated in your account, you also have the option of altering your premium payments – providing there is enough money in your account to cover the costs. This can be a useful feature if your economic situation has suddenly changed. However, you need to keep in mind that if you stop or reduce your premium payment and the saving accumulation is exhausted, the policy might lapse and your life insurance coverage will end.

### Variable Life

This policy type combines death protection with a savings account that you can invest in stocks, bonds and money market mutual funds. The value of your policy may grow more quickly, but you also assume more risk. If your investments do not perform well, your cash value and death benefit may decrease. Some policies, however, guarantee that your death benefit will not fall below a minimum level.

### Variable Universal Life

If you purchase this type of policy, you get the features of variable and universal life policies all-in-one. You have the investment risks and rewards characteristics of variable life insurance, coupled with the ability to adjust your premiums and death benefit that is characteristic of universal life insurance.

### Blending Term and Permanent Life Insurance Together

In case you’re wondering, you're not limited to one or the other; you may find that a combination of Term and Permanent Life insurance meets your needs best. For instance, the foundation of your life insurance plan can be Permanent Life, supplemented by Term Life during your family-building, mortgage-paying years when financial risk exposures are typically higher.

### Why You Need Protection

Life insurance is an act of love and kindness that you perform. Life insurance offers many unique benefits that when structured properly, can provide considerable financial leverage to your family that is received both income tax and estate tax free1. In the event of your passing, life insurance provides money directly to your beneficiaries. They can use the money for whatever they want, such as:

- Make up for your lost income, so current lifestyle can be maintained
- Fund your child's or grandchild’s education
- Pay off mortgage and consumer debt
- Create a source of tax-free funds to provide a comfortable retirement
- Fund estate taxes to prevent liquidation of your estate due to estate tax obligations
- Pay for your funeral and other related final expenses

With life insurance, you can fulfill your promises to yourself, your family, your charity and your business.

### Get the protection you need tomorrow, today

To learn more about our Life insurance products, [speak with one of our experienced professionals today](/contact).

(1) Properly structured and funded inside an Irrevocable Life Insurance Trust (ILIT).

![Life Insurance Calculator Spreadsheet](https://webtricity-assets-2.wbtcdn.com/fab11678-4400-4e7b-9d4a-2a2f81685a28/files/upload/life-ins-calculator-1.00f090f1d2189a210e3746706c6b84093a15d98f4d876aae30d9566703198ff5.webp)
_Life Insurance CalculatorDownload_

* * *

## What do people think about us? Hear from some actual clients.

![J.W. E.](https://webtricity-assets-2.wbtcdn.com/fab11678-4400-4e7b-9d4a-2a2f81685a28/images/avatars/man-1.26763a560ec8c33e538d9a14d02e9af37b878ed2735807d5bbca818b43fecadb.webp)

  on Google

We recently switched our home and auto policies to Pepper, Johnstone & Co and have had a great experience. Their entire team is not only knowledgeable but down to earth and willing to share their time, tips and creative ideas. They’ve helped us to achieve to comprehensive protection at the lowest possible cost. I would recommend Pepper, Johnstone and Co to anyone.

**— J.W. E.**

![Teresa H.](https://webtricity-assets-2.wbtcdn.com/fab11678-4400-4e7b-9d4a-2a2f81685a28/images/avatars/woman-1.9cb73af9c1e3961f57515ecda4c9f4e639df0eff922a19dccb73c30bfe4385f4.webp)

  on Google

I am always pleased with the gracious and prompt responses to my insurance inquiries, to my specific insurance needs regarding several policies with Pepper, Johnstone & Company. The staff, especially Lauren Hart, makes every effort to take care of my insurance needs, addressing many concerns. I could not be more pleased and feel more secure knowing these folks are taking care of business for me and in my best interest.

**— Teresa H.**

![Jeremiah H.](https://webtricity-assets-2.wbtcdn.com/fab11678-4400-4e7b-9d4a-2a2f81685a28/images/avatars/man-2.f0d626a1e52b3f01c2be3c90db4d5d367c60b36ac6f55c3a5fecdb9bccc5bd8b.webp)

  on Google

Pepper Johnstone has handled my personal and business insurance needs for years. They do good work and their staff is amazing! They are independent agents so they have access to several different lines of insurance to meet the needs of their clients. I highly recommend them.

**— Jeremiah H.**

![Janet F.](https://webtricity-assets-2.wbtcdn.com/fab11678-4400-4e7b-9d4a-2a2f81685a28/images/avatars/woman-2.8e76c5af7c1582529e66148a1be8aa0a919754e1706a80af3031e295450f4db1.webp)

  on Google

This is a great company to work with! Casandra did an excellent job making sure my claim was completed in a timely manner. Julie is always there to help me any time I need to make changes to my insurance needs. The staff is always professional to work with. I trust Pepper, Johnstone & Company with all my insurance needs and have for many years.

**— Janet F.**

![Russ L.](https://webtricity-assets-2.wbtcdn.com/fab11678-4400-4e7b-9d4a-2a2f81685a28/images/avatars/man-3.b43c3cdfeb80d6382a553b4fec3a455754692db1f101fb39711934fad717fb96.webp)

  on Google

I started a company in January 2019 & the team at Pepper Johnstone helped me from the beginning. We serve mid-cap to large public companies in Alabama, Colorado and Texas. And, Bryan has been critical in helping us meet and maintain the required commercial insurance policies and coverage levels. Key reasons that I've been so pleased primarily include their high level of technical competence and timely responsiveness on new or changing insurance coverage requests. They do a great job & I can highly recommend them.

**— Russ L.**

![Sharon K.](https://webtricity-assets-2.wbtcdn.com/fab11678-4400-4e7b-9d4a-2a2f81685a28/images/avatars/woman-3.d6ed73e04052f6ca0a972880370cb7984efa8cba60e0be02698dd483bb838eb6.webp)

  on Google

I have dealt with Pepper Johnstone and company in the past and have always had a good experience. This past week I needed a policy, I called Julie and she efficiently, and promptly quoted and bound coverage on the property. I would highly recommend Pepper Johnstone.

**— Sharon K.**

[MORE REVIEWS](/about/client-testimonials)

## Insurance Articles

from the Pepper, Johnstone & Company blog

[**SaaS Company Insurance: What a BOP Won't Cover** — A SaaS company can sign its first enterprise contract, close a seed round and onboard a dozen employees before anyone asks whether the insurance program actually matches the exposure. — A Business Owner’s Policy covers a slip-and-fall here, a damaged server there. It does _not_ cover a client lawsuit…](/blog/saas-company-insurance-what-a-bop-wont-cover)

[**Professional Liability Insurance for Consultants & Accountants** — A client hires you for your expertise. You deliver the work, but they lose money anyway—and decide you are responsible. That scenario plays out thousands of times a year across professional services, and the costs are significant. — According to Swiss Re's 2024 Sigma report, U.S. liability claims…](/blog/professional-liability-insurance-what-consultants-accountants-need)

[**General Contractor Insurance: A Complete Coverage Guide** — In 2019, a summer storm sent a construction crane crashing through an apartment building in Dallas, killing a 29-year-old woman sitting on her couch. Four years later, a jury found the developer negligent and awarded her family more than $860 million. The crane operator walked free. — Most people…](/blog/general-contractor-insurance-a-complete-coverage-guide)

[View all articles](/blog)

## Related Types of Insurance

[— Disability Insurance](/insurance/life/disability-insurance)

[— Individual Benefits](/insurance/life/individual-benefits)

[— Long Term Care Insurance](/insurance/life/long-term-care-insurance)

[— Group Benefits](/insurance/life/group-benefits)

```json
{"@context":"https://schema.org","@type":"WebSite","url":"https://www.pjcoinsurance.com/","name":"Pepper, Johnstone & Company"}
```

```json
{"@context":"https://schema.org","@type":"Product","name":"Life Insurance","description":"Comprehensive life insurance coverage tailored to your needs.","url":"https://www.pjcoinsurance.com/insurance/life/life-insurance","image":["https://webtricity-assets-2.wbtcdn.com/fab11678-4400-4e7b-9d4a-2a2f81685a28/images/logo.80d7f691a213f4c005424382960e8608cbeea8e81c4c6b54b3ad47b9b05f80b8.svg"],"brand":{"@type":"Brand","name":"Pepper, Johnstone & Company"},"offers":{"@type":"Offer","url":"https://www.pjcoinsurance.com/insurance/life/life-insurance","priceCurrency":"USD"}}
```

```json
{"@context":"http://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/insurance/life","name":"Life & Health Insurance Products"}},{"@type":"ListItem","position":2,"item":{"@id":"/insurance/life/life-insurance","name":"Life Insurance"}}]}
```