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Deluxe Insurance Group

4515 E Superior St
Duluth, MN 55804

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Important Life Insurance Facts

Luke Peterson Insurance is an independent insurance agency. We are committed to helping Altoona, IA residents find the coverage they need to navigate life’s risks. We work with different carriers across the state to give our clients a wide variety of options.

We look forward to assisting you.

Important Life Insurance Facts

With so many responsibilities daily, it may be difficult for you to start planning for the future. However, accidents can happen at any moment. During those times when an emergency occurs, obtaining insurance makes things easier. Life insurance is a common example. While death is an uncomfortable topic for many people, the policy helps alleviate some stress. If you pass away unexpectedly, your loved ones can use your life insurance policy to settle your affairs or continue to maintain the previous standard of living. You can help provide comfort during a difficult situation. Your loved ones may face complications making arrangements without the security a life insurance policy provides.

Term life insurance policies are common. These types of policies provide full coverage over a specified period. The average term length on most policies is 15-20 years. Whole life policies are another option. These policies allow you to maintain coverage throughout your entire lifespan. You can also pursue coverage through your employer. Remember that you may not receive the same benefits in a group policy that you would if you had your own individual policy. As you age and your life changes, you can adjust your coverage options.

Luke Peterson Insurance Will Help You Protect Your Assets

Visit our office in Altoona, IA to learn more about life insurance.

Partner Carriers


  • AAA
  • Acuity
  • Badger
  • Concord
  • Foremost
  • Grinnell
  • Kemper
  • Main Street America
  • MetLife
  • Nationwide
  • North Star
  • Progressive
  • Ram
  • Safeco
  • State Auto
  • The Hartford
  • Travelers
  • Woodland