Life Insurance · Detroit, MI
Life Insurance for Detroit Families & Business Owners
Most Detroit households are underinsured for life. The 1-2× income policy through work doesn't cover what your family actually needs if you're gone. Ten Point Financial Group is an independent life insurance agency based in Detroit. We run real needs analyses, shop multiple top carriers, and recommend the policy that actually fits — not whichever one pays the most.
Free
Needs analysis
Independent
Multiple carriers
All types
Term, whole, IUL, IBC
Why Detroit
Detroit families come in all shapes — single-income, dual-income, blended, business-owning, self-employed. The right life insurance plan looks different for each. We don't believe in selling the same product to everyone. The conversation starts with what you actually need: how much, how long, and what the budget realistically supports.
How we help
Term Life Insurance
Pure death benefit for a specific window (10-30 years). Cheapest per dollar of coverage. Right for most families when kids are young or the mortgage is large.
Whole Life Insurance
Permanent coverage that builds cash value. Higher cost, but works for estate planning, business funding, and as a banking-system foundation (see infinite banking).
Indexed Universal Life (IUL)
Permanent coverage with market-linked growth potential. Used carefully, it's a powerful tax-advantaged growth vehicle. Used carelessly, it's a fee trap.
Infinite Banking Concept
Properly-structured whole life used as a personal banking system. Borrow against your own cash value, then pay yourself back. Same product as Debt Elimination, different use.
Business Life Insurance
Key person, buy-sell funding, executive bonus, Section 162 strategies for Detroit business owners.
Frequently asked questions
How much life insurance do I actually need?+
Three common methods: 10-12× annual income (simplest), DIME (Debt + Income + Mortgage + Education), or actual replacement income calculations. For most Detroit families with kids and a mortgage, the answer is between $500K and $2M. We'll do the math with your actual numbers.
Term vs. whole life — which is right?+
Most families need term FIRST (cheap, large coverage during high-need years). Some also need whole life (for estate planning, business needs, or cash value strategies). Very few need only whole. We'll run the math with you.
I have life insurance through my job. Is that enough?+
Almost never. Workplace coverage is usually 1-2× income, ends when you leave, and isn't portable. We use it as the floor, not the plan.
Can you cover medical conditions or 'high-risk' applicants?+
Often yes. Different carriers have different underwriting niches — diabetes, prior cancer, prior cardiac, etc. As an independent agency, we shop the market to find the carrier most likely to approve you at the best rate.
What if I'm self-employed in Detroit — does life insurance work differently?+
Yes. Self-employed and business-owning households often have multiple goals (family protection + business continuity + tax-advantaged savings). We design around all three.
Learn more
Carriers We Represent
We're independent — we shop the market for the policy that fits, not the highest commission.
Carrier logos shown are trademarks of their respective owners. We work with additional regional carriers — ask about a specific plan.
Free life insurance needs analysis
Tell us about your family. We'll calculate what coverage you actually need, shop carriers, and present 2-3 options — no pressure to buy.
Educational content only. Not financial, legal, or tax advice. All services are provided by licensed professionals. Coverage decisions depend on individual circumstances.