Create a Lifeline that will Last a Lifetime. We know you can’t put a dollar amount on your family, but you can insure their future is protected.
Though costs are a real concern for most people considering life insurance, it never costs as much as you think—especially if your family ever has to use it. Your first priority is your family and who will look after their well-being when you’re gone. Will you might be asking yourself:
- How will your spouse stay afloat with all the debt accrued?
- Who will save for your children’s college fund?
- Where will your family be without you?
Or will you be thinking instead of how you will choose to spend whatever time you have left with them—secure in the fact you have a precisely calculated policy to cover your debt, funeral costs, and a legacy to your family?
There’s no way we can convince you the peace of mind you can experience just knowing your family will be cared for if they lose you.
Protect Your Legacy
What types of Life Insurance are there?
Recognizing everyone’s situation is unique, which means there are two types of life insurance policies to choose from:
- Term life policies are set up to cover you for a specific period of time. The most common term policies cover for fifteen to twenty years. Depending on the age of insured, premiums start out dirt cheap and increase in costs with your age. Some Term life policies even offer the option to convert to a whole life policy when the policy is set to expire.
- Whole life or Universal life insurance covers the insured for the course of their life, even if you live to be 100 years old! An advantage of a universal life policy is that the policy builds cash value that you may borrow against in times of need.
What is Term Life Insurance?
Term life insurance is temporary; it provides a death benefit for a specific term, such as 10, 20, or 30 years. Unlike other types of life insurance, it does not accumulate a cash value. If the policyholder dies during that term, their beneficiaries receive the benefit from the policy. When the contract ends, so does the coverage.
This limited term leads to term life insurance’s main advantage: price. Generally, term life insurance costs less than permanent life insurance, especially if the purchaser is younger. This has the potential to free up funds for other household expenses.
What is Whole Life Insurance?
Whole, or Permanent, insurance remains in place as long as the policyholder makes payments. In addition, permanent policies are designed to build up “cash value,” a cash reserve that accumulates with the policy. Typically, this cash reserve pays a modest rate of return. However, the policyholder has limited access to the funds.
Term life insurance can be designed to provide protection against upcoming expenses, such as putting children through college. Permanent life insurance, on the other hand, can be more useful for covering long-term financial needs, such as estate planning.
Worried About Costs?
Don’t be. No matter the situation, it is important to know what type of policy best suits your needs, the amount of coverage desired, and most importantly, who the beneficiary will be.
One of the helpful agents at our firm can help you learn more about purchasing a life insurance policy. Having peace of mind knowing that when you leave this world your family won’t be burdened with your financial hardships and that they will be able to maintain their current standard of living.
Why We're Different
You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for. While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you. There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.
We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive. Contact us and let the professionals at our company help you forge the strongest shield possible to help you protect the things you are working hard to build.
