Life insurance from a family-owned Fort Collins agency.
Term, whole, and universal life - explained in plain English. We figure out what your family actually needs and structure a policy that protects them without wrecking the budget.
- Term life for affordable protection during the years that matter most.
- Whole and universal life for permanent coverage and cash value.
- Family-budget conversations - we recommend what fits, not what pays the most.
- Bundled discounts when paired with home or auto.
2023 · 2024 · 2025
two states
of experience
Fort Collins, CO
What life insurance actually pays for.
Thompson Insurance Agency provides life insurance for families across Fort Collins, Loveland, Windsor, and the rest of Northern Colorado. The two big families of life insurance are term (a level death benefit for a fixed period, much cheaper) and permanent (whole, universal, indexed - lifelong coverage that builds cash value). For most households, the right answer is mostly term with a small permanent layer. Voted Top 3 in Northern Colorado three consecutive years. Licensed in Colorado and Wyoming. To get a quote, call (970) 482-0078.
Life insurance gets sold harder than almost any other personal-finance product. We won't do that. We'll walk through the math of how much you actually need, recommend the structure that fits your situation, and price the policy honestly. If permanent life isn't right for your situation, we'll say so.
The two families and what each one is for.
Most life insurance comes down to a choice between term (cheap, simple, finite) and permanent (pricier, more flexible, lifelong). Here's how each one works and when it makes sense.
Term Life Insurance
The starting point for most familiesA level death benefit for a fixed period - 10, 15, 20, 25, or 30 years. Pays out if you die during the term. Premiums are dramatically lower than permanent insurance. Right for parents with young kids, a mortgage, and 15-25 years of earning years ahead.
Whole Life
Lifelong coverage + cash valueCoverage for life, fixed premium, builds guaranteed cash value over time. Pricier per dollar of coverage than term, but never expires and accumulates as a savings asset. Used for estate planning, lifelong dependents, or supplemental retirement income.
Universal Life (UL / IUL)
Flexible permanentPermanent coverage with flexible premiums and a cash-value component tied to interest rates or a market index. More complex than whole life - the flexibility cuts both ways. Best built with someone who understands the mechanics.
Final Expense / Burial
Smaller permanent policyA small whole-life policy ($10,000-$30,000) that covers funeral costs and final expenses. Often sold as a standalone product to seniors who don't need or qualify for a larger policy.
How we think about how much life insurance you need.
There are several formulas. None of them are perfect. The right number depends on what you'd want your family's life to look like if you weren't there. Three things we always walk through.
Replace your income for the years that matter.
Most families need term coverage equal to 8-12 times the primary earner's annual income, for a term long enough to get the youngest kid to college and the mortgage paid down. That's the baseline. Anything else is on top.
Cover the mortgage + debt.
Most term policies are sized so the death benefit pays off the mortgage and major debt at minimum. That way the family doesn't lose the house in the same year they lose a parent.
Don't forget the kids' education.
Add 4 years of in-state public-school tuition per child to the death benefit calculation. CSU in-state runs ~$30k/year all in; out-of-state and private run dramatically higher.
Questions we get a lot.
If your question isn't here, call us — we'd rather answer it on the phone than read about it in a help center.
Call (970) 482-0078Life insurance from a family-owned Fort Collins agency.
Tell us your household basics - age, household income, mortgage, kids - and we'll walk through what coverage you actually need. No hard sell on permanent. No pushing the highest-commission product. Just the math, and a real recommendation.
2108 Milestone Dr · Fort Collins, CO 80525