Term Life Insurance

Everyone deserves a secure financial future — and that’s why life insurance is so important. Whether you’re just starting out or you’re getting ready to retire, a life insurance policy can help you give your family financial peace of mind if you are no longer there to provide for them.

Life insurance policies help provide security to either you or your beneficiaries after you pass away or after a designated period of time. With a life insurance policy you can help secure your family’s financial future by paying for college, paying off a mortgage, covering any final expenses or estate taxes, and more.

There are four primary types of life insurance, and each has a place in any sound financial plan. The four variations of life insurance are:

Term Life Insurance – fixed premiums for a fixed period of time, like 10 or 20 years

Whole Life Insurance – permanent insurance, as long as premiums are paid, with fixed premiums and cash value benefits

Universal Life Insurance – permanent insurance with options to change premiums and death benefits

Variable Life Insurance – similar to Universal Life but with the flexibility to choose investment risks to maximize cash value benefit

Life insurance is important, as it protects your family and lets you leave them a non-taxable amount at the time of death. It is also used to cover your mortgage and your personal loans, such as your car loan. Your individual life insurance follows you when you retire and you are no longer insured by your employer. This insurance will also replace your family income when resources are less and you are not around, so they can maintain their quality of life.

Once you understand the importance of taking out a life insurance policy, you need to make the right choice. To do this, you need to ask yourself about your needs and purchase a product that works for your family and insurance premiums that fit your budget. We can help you with this, contact us to know more.

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.