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Individual Life Insurance in Dracut MA & Lowell MA

Reassurance for you and your Loved Ones.

Coughlin Insurance Agency provides life insurance to individuals in Dracut, Lowell, Tyngsborough, Chelmsford, Pelham, Hudson, and surrounding areas.

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 Coughlin 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 reassurance they deserve. 

Types of Individual Life Insurance

Coughlin Insurance Agency offers several different coverage options for your consideration including term life, whole life, and more.

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 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. 

Coughlin 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’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. 

An insurance specialist with Coughlin 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. 

As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs.

Our Location

Coughlin Insurance Agency

14 Dinley Street
Dracut, MA 01826
Main office: 978-957-3588

Our Providers

I have been a customer with Coughlin Insurance for years. They proactively re-worked my policy upon renewal, saving me money and increasing my coverage. Thank you Coughlin Insurance!
Ed L.
I came in for auto insurance and received a great rate. Then my customer representative told me about Insure A Friend. I received a $10 debit card just to have Coughlin Insurance provide a quote to my friend. It was great.
Jennifer R.
Wow!! No need to go to the registry with Coughlin Insurance! I went into their office to add my new car to my policy, and then to the Registry. Hours of my time, long lines; I hate the Registry. My CSR told me I did not have to go, and in 10 Minutes she processed my registration and gave me a plate on the spot. I was out cruising that afternoon. Now that is service!
David P.
My business was growing, Coughlin Insurance helped me identify my needs, and provided the coverage I needed to grow with confidence. Not only did Coughlin Insurance provide the needed coverage they identified gaps in my policy and gave my business maximum protection at a great rate.
Michael L.
The Coughlin Insurance staff evaluated my needs and created a custom program for me and my family while improving my coverage and saving me hundreds on my policy renewal.
Jim D.
When I got into my accident, I did not know what to do. I called Coughlin Insurance and they worked with me and the insurance company to help me file my claim and get me back on the road. Not only did Coughlin Insurance ensure I had all the coverage I needed, Coughlin Insurance gave me peace of mind they were there for me.
Lisa R.
My business is unique and I was having trouble finding an agency which could meet my needs. Coughlin Insurance has a vast specialty line which handles unique businesses. In no time I was insured at a very reasonable rate.
Srini K.
We were adding our daughter onto our auto policy, Coughlin Insurance took the time to review our policy and identified an Umbrella policy which increased our protection on our house, and cars while reducing our total policy rate even with a new driver. Coughlin Insurance really was looking out for us.
Peter and Nancy W.