Have you thought about what your family would do if your income was not there anymore? Rest Easy. We’ve got you covered for life!
If you have loved one’s to protect and care for, a sound life insurance policy is the perfect solution. There are two basic types of life insurance needs: temporary and permanent.
Temporary needs include home mortgages or short-term debt reduction, family income and educational expenses and can last as little as one year or last 20 to 30 years or longer. Term insurance is the most cost effective method of insuring many needs. There are a variety of plans to choose from, ranging from an annual renewable term (1 year plan) to a level term plan that could last 5, 10, 20 or 30 years.
Permanent needs include those that last for your entire life or potentially for periods of 15 years or more. Permanent insurance needs include final expenses, funds the cover estate taxes, and retirement savings protection. Permanent and universal life plans are ideally suited for meeting these goals.
The primary purpose of life insurance is to provide cash and security for your loved ones in the event of your death. Help ensure that they will be financially taken care of, remain in their home, and continue to maintain an adequate standard of living.
There are a number of factors that determine the cost you pay for life insurance including:
Contact us for a free quote on life insurance.