Life Insurance

Would your loved ones’ financial needs be met if you were no longer here to provide for them? None of us knows the future, but you can take steps to ensure your family’s financial stability even in the event of your unforeseen passing.

Located in Rapid City, Herrmann Insurance Agencies offers a variety of life insurance solutions for people in the Black Hills and across South Dakota. Life insurance policies can be complex, but we will do our best to help you understand all the different options available when you visit us.

We handle any type of life insurance policy, including:

  • Term life: You purchase insurance that covers you for a specific amount of years, say 10 or 20. If you die during that term, your beneficiaries receive payment.
  • Whole life: This insurance covers you for your entire life. It is more expensive than term insurance but may be right for you.
  • Universal life: This option provides benefits similar to a whole life policy, but offers flexible premiums, especially in the early years of the policy.
  • Variable life: This is the riskiest of all life insurance options. There is no guaranteed cash value, but it offers the most potential for increases in value.