Life insurance protects your loved ones in the event of an untimely passing. It’s what helps them financially pick up the pieces.
There are a few important questions to consider when buying life insurance:
- -How much does your family need to continue its standard of living?
- -How much consumer debt, including your mortgage, would your family be responsible for?
- -What about funeral expenses?
- -What future expenses (i.e. college) will your family incur?
Every situation is different, which is why we encourage you to speak with one of our agents about the policies, coverages, and options available to you. Contact our office to speak with an agent about purchasing life insurance.
Types of Life Insurance:
Permanent Life Insurance
Life insurance that provides continuing coverage for the insured’s entire life, rather than for a set number of years. Permanent life insurance may accrue values that the owner can withdraw or use to increase the death benefit.
Term Life Insurance
Life insurance that provides coverage for a fixed number of years. Unlike permanent life insurance, a term life insurance policy does not usually accrue additional values that the owner can withdraw or that can increase the death benefit.