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Individual Life Insurance

Peace of Mind for You and Your Loved Ones.

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 ensure that the family home stays in the family.

At Renaissance Insurance Group, 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

Renaissance Insurance Group 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’s a benefit policy that’s 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 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’s 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.

Renaissance Insurance Group 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’s why it’s important to carefully consider the different policy options and ensure that you have the right solution to meet your long-Term Life Insurance needs.

A Renaissance Insurance Group insurance specialist 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.

Our Location

Main Office - Northern Colorado

101 E Main St
Windsor, CO 80550
Main office: 970-674-8825
Toll free: 866-908-9266
Fax: 970-674-8826

Our Providers

Testimonials

Over the last month I have made several changes to a couple of polices I carry with Renaissance Insurance Group. Mari has been extremely helpful, more so than I could have ever hoped for, she responded very quickly to all my questions/concerns and offered additional options for me to consider, she is outstanding and very pleasant to deal with.
Chris Cucarola, Windsor, CO
I have been a client with Renaissance Insurance for over 8 years. They carry my business, personal and workers compensation policies and I couldn't be happier with the service they provide.
Eric Nordhagen, Owner, Nordys BBQ & Grill
When owning a business that requires unique and high risk coverage, it is comforting to know that Renaissance Insurance has my business’ best interest in mind. The staff knowledgeable from top to bottom and I value their experience and attention to detail.
Guy McIntosh III, Owner, Safe Site Inc
Jay, Thanks a lot for jumping on the insurance for my new vehicle last week, I had no idea that could be done so quickly. I really appreciate the help in getting that stuff completed within 24 hours. I hate forms and related info and couldn't be more complimentary of the job you guys did for me, you certainly exceeded the high expectations I had.
J. Kirk Danley Denver, CO
I have been with Ren-Insurance since 2001 with my auto, home, business and life. I have been very satisfied with my coverage, rates and agent.
Jack Maughan Greeley, CO
Renaissance Insurance Group has been the insurance agency of IRG since our doors opened in 2007. From day one, they took the time to understand our business and understand our needs. They have consistently brought us ideas to help mitigate risk and manage the cost associated with insurance. The truly have been a strategic partner to our business. In addition, the entire staff consistently demonstrates a high level of customer service.
Matt Callahan, Owner, Interior Resource Group LLC
We love the fact that we make one phone call when we have an issue and Ryan responds with an answer or points us in the right direction. Ryan is very accessible. That is rare in the insurance business.
Mike DiTullio Highland Meadows Golf Course | Windsor, CO
Renaissance Insurance Group handles our insurance needs with great rates, prompt service and broad coverage. I am impressed with the professional manner in which Renaissance handles of needs and would highly recommend them.
Rich Bartels Bartels & Company, LLC CPA's
Renaissance Insurance Group and Ryan Hicks are great to work with. They give me coverage and company options to choose from and they work hard to get the best rates available for us. They also continue to work to keep the insurance companies to understand our side.
Ron Morrow, Owner, Rosbro Inc - Grease Monkey
We have had our business with Scott Runyan at Renaissance Insurance for about 3 years now. His knowledge of the insurance industry is exceptional and he puts us at ease explaining the coverage that best suits us. We trust him. I can leave a voicemail or email and know it will be returned promptly. We will never go anywhere else.
Shelley Andreasen, Owner, Andreasen Custom Interiors LLC