Term Life
Affordable coverage for a set period — usually 10, 20, or 30 years. The simplest way to protect a young family or a mortgage.
Income replacement during your working years.
A plain-English guide
Understand the industry
No jargon. No pressure. Just the concepts you need to make a decision you'll feel good about for decades.
Life insurance as a business.
At its core, life insurance is a shared promise. You and thousands of other policyholders pay premiums into a large pool managed by the insurance company. A portion is set aside in reserves to guarantee future claims, while the company invests the rest to grow that pool over time. When a family files a claim, the pool pays out. The system works because most people will pay in more than they claim — and because well-run companies carefully match their promises to their assets. That is why the financial strength of the carrier you choose matters just as much as the policy itself.
The building blocks.
These are the life insurance policies I'm licensed to write and the ones we'll actually talk through together.
Whole Life
Permanent coverage with a guaranteed cash value that grows tax-deferred. Predictable, conservative, lifelong.
Legacy, final expenses, lifelong protection.
Indexed Universal Life (IUL)
Permanent coverage with cash value tied to a market index — with a floor that protects against losses.
Tax-advantaged growth + flexible coverage.
Final Expense
Small whole-life policies designed to cover funeral, burial, and end-of-life costs. Often simplified underwriting for ages 55+.
Seniors who want to leave family without a bill.
For context
Annuities, briefly.
People often ask how annuities fit in, so here's the short version. I don't sell annuities — I focus exclusively on life insurance — but it helps to know the difference before anyone pitches you one.
Fixed Annuities
A contract with an insurance company that pays a guaranteed interest rate for a set period.
Safety and predictable growth in retirement.
Indexed Annuities
Growth linked to a market index with downside protection — a middle path between fixed and variable.
Upside potential without market risk.
Income Riders
Optional features on an annuity that guarantee lifetime income — money you can't outlive.
Turning savings into a paycheck for life.
The things people ask me first.
- How much life insurance do I actually need?
- A common starting point is 10–15× your annual income, plus debts and future expenses like college. We'll walk through your real numbers — not a one-size formula.
- Is whole life worth it, or is term enough?
- It depends on your goal. Term is the most affordable way to cover income years; whole life and IUL serve longer-horizon goals like legacy and tax-advantaged growth. Many families use both.
- What's the difference between an annuity and life insurance?
- Life insurance protects others if you pass too soon. An annuity protects you from outliving your money. Different problems, different tools — I focus exclusively on life insurance.
- Do I need a medical exam?
- Sometimes. Many modern policies offer simplified or no-exam underwriting, especially for healthy applicants under certain coverage amounts.
- Which states can you write policies in?
- Abraham Grooms is licensed in Virginia, Florida, and Texas, and serves clients residing in those states.