Life Insurance
Secure Your Future, Safeguard Your Loved Ones: Life Insurance for Peace of Mind
For expert guidance, protecting what matters most to you and your family, partner with a qualified life insurance professional.
Term and Permanent Life Insurance
There are many kinds of life insurance, but they generally fall into two 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 you die during the term. This type of life 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 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.
But remember, the best way to figure out the amount and type of insurance that makes sense for your particular situation is to meet with a qualified life insurance professional.
Protection for Life's Uncertainties with Trusted Advisor.
When selecting a life insurance policy and obtaining a quote, several factors come into play. Here are some key considerations:
Coverage Needs: Assess your financial obligations and determine the amount of coverage required to meet your family's needs, including mortgage payments, debt repayment, education expenses, and income replacement.
Policy Type: Understand the different types of life insurance policies available, such as term life insurance (provides coverage for a specific term) or permanent life insurance (covers you for your entire life) like whole life or universal life insurance.
Premiums: Evaluate the premium costs associated with the policy. Premiums can vary based on factors such as age, health, coverage amount, and policy type. Ensure the premium payments fit within your budget.
Underwriting Process: Be aware of the underwriting process and the factors that may impact the approval and pricing of your policy. This typically involves a review of your health, medical history, lifestyle, and sometimes a medical examination.
Policy Riders: Consider any optional policy riders or add-ons available, such as critical illness coverage, disability benefits, or accelerated death benefits. These can enhance the flexibility and coverage of your policy but may add to the overall cost.
Policy Terms and Conditions: Carefully read and understand the terms and conditions of the policy, including the coverage period, exclusions, limitations, and any other relevant details.
Professional Advice: Seek guidance from a qualified life insurance professional who can assess your needs, explain policy details, and help you navigate the selection process.
Testimonials
Don’t just leave memories behind
In a recent survey, 43% of Americans admitted they'd leave their loved ones behind nothing more than photos and memories. Life insurance can help provide reassurance that your family's financial future will be taken care of. Luckily, it's easier than you think. Call me today.