Life insurance is meant to help protect your family’s financial future. In the case of your untimely death, life insurance is a key security coverage for your loved ones. It will give you security in knowing your family is protected. But there are several other reasons why a life insurance policy is necessary, besides offering financial assistance.
- Life insurance is about taking care of loved ones.
- Life insurance is for the living.
- Life insurance is an expression of love and caring.
- Should you die, the proceeds will help you keep the promises you have made to the people who are important to you.
- Life insurance buys time and options.
- Life insurance provides cash when it’s needed most.
Types of life insurance
Life insurance comes in two basic options: Term and Permanent. Both are great choices for protecting you and your family, but each one has different features:
- Term life insurance: Lower-cost insurance that provides coverage for a set time period, and provides a tax-free payout to the beneficiary. The cost of the insurance goes up each time you renew, but you can convert the policy to permanent life insurance at any time.
- Permanent life insurance: Variable cost insurance with payment options that differ depending on your preferences. Coverage is guaranteed for life, and you can also access the cash value of your life insurance policy by taking out a loan or withdrawing cash
Contact us today to schedule a no-obligation appointment. When you meet, we will work together to determine how much coverage you need, review what products and policies are right for you, and review cost comparisons.