Life Insurance
Life insurance may be one of the most important purchases you’ll ever make. In the event of a tragedy, life insurance proceeds can help pay the bills, continue a family business, finance future needs like your children’s education, protect your spouse’s retirement plans, and much more. If you’re considering securing you and your family’s financial future, we would be happy to review your current situation and offer a few ideas on how you can protect it!
Types of Life Insurance
Life insurance is an important part of any financial plan and can provide peace of mind by protecting your family and loved ones in the event of your death. It’s the most important way you can ensure that those who depend on you financially will be provided for if the unexpected happens. Additionally, life insurance can be used as an effective tool to help save for retirement, pay long-term care expenses, or leave a legacy for future generations.
It’s important to understand the different types of life insurance policies and how they can be used to meet your specific needs.
In general, there are two main types of life insurance – term insurance and permanent insurance.
- Term insurance is a type of life insurance policy that provides coverage for a certain amount of time, typically 10, 15, 20 or 30 years. It’s the most affordable way to get life insurance protection since it has no cash value and premiums remain fixed throughout the duration of the policy.
- Permanent insurance offers lifelong protection and builds cash value that can be used to supplement retirement income, pay long-term care expenses, and more. However, permanent life insurance is more expensive than term because it offers lifelong protection and has a cash value component.
When deciding which type of life insurance policy is right for you, it’s important to consider your needs and budget as well as the features and benefits of each policy. By understanding different types of life insurance policies and choosing one that meets your unique needs, you can enjoy peace of mind knowing that your family’s future is secure.
Assistance with Life Insurance
Setting up your life insurance can be frustrating because there are many types of plans with all kinds of different features. Our team can help you zero in on the benefits best suited to the needs of you and your family, and we can help you find an insurance provider with the lowest possible rates on the type of life insurance you need. To learn more, call us at the number above or click on the quote button to reach out to us online.
Other Policies
“We do not offer every plan available in your area. Currently, we represent 8 organizations that offer 61 products in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options. This is a proprietary website and is not associated, endorsed or authorized by the Social Security Administration, the Department of Health and Human Services or the Center for Medicare and Medicaid Services. This site contains decision-support content and information about Medicare, services related to Medicare and services for people with Medicare. If you would like to find more information about the Medicare program please visit the Official U.S. Government Site for People with Medicare located at http://www.medicare.gov”