An important part of a sound financial plan, life insurance provides a valuable death benefit to your beneficiaries upon your death. Your beneficiaries can then use this money to replace some of the income you would have earned or to help pay off debts or other expenses.
The two types of life insurance are term and permanent. The one that's right for you depends on many factors, including your budget, the amount of coverage you need, and the length of time you'd like the coverage to last.
Term Life insurance features temporary, cost-effective coverage with the opportunity to change should your needs change.
Term Life insurance provides a cost-effective solution for your temporary life insurance needs and gives you the flexibility to change your policy should your temporary needs turn into permanent goals.
Term Life is right for you if you want:
- An affordable way to get maximum coverage
- To cover specific financial responsibilities like a mortgage or college expenses
- To supplement your Permanent Life Insurance during periods when coverage needs are higher, such as family-building, mortgage-paying years
Some things to consider about Term Life:
- There is no cash value accumulation
- Continuing your coverage after the initial level premium-paying term expires can be very expensive
- Whole Life for permanent coverage, with guaranteed premiums, death benefits and cash value growth.
- Universal Life for permanent coverage, flexibility and less emphasis on cash value.
- Term Life and Disability Package that combines the two types of insurance families need most.
Life insurance gives you the peace of mind you only get from knowing that you've protected your loved ones.
In the event of your passing, life insurance provides money directly to your beneficiaries. They can use the money for whatever they want, such as:
- Make up for your lost income
- Fund your child's education
- Paying off household debt
- Paying for your funeral and other related expenses
- In addition, Permanent Life Insurance offers a cash value component which can be put to good use during your lifetime.
Life Insurance Solutions
- Term Life for temporary simplified coverage and no cash value.
- Whole Life for permanent coverage, with guaranteed premiums, death benefits and cash value growth.
- Universal Life for permanent coverage, flexibility and less emphasis on cash value.
- Survivorship Life for lifetime protection for two people that pays a benefit upon the passing of the surviving insured.
Medical
If you are interested in more information regarding Medical Insurance Coverage, please Contact An Agent today!
Click Here to Contact An Agent Today! |
