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Life Insurance


Life Insurance Information

  

When speaking of life insurance, the plans generally fall into two main categories: Term Insurance and Permanent Insurance.

Term Insurance
is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if the person covered passed away during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

In contrast, Permanent Insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

It's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your unique circumstances and financial goals. 
Additionally remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional. 

With a life insurance plan set up for your needs, you can have the peace of mind that your family is protected. Another important aspect to protect are your retirement years. Find out more information here.


We are contracted with top insurance carriers. 






 

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