We never know what life has in store. In today’s world, it is very important to know that there are some things you don’t have to worry about. Many people know they need life insurance, but they are not sure of why they need it or how much it should be. Here are some common excuses that should not stop you from getting the coverage you need:
It’s Too Expensive
I Haven’t Gotten Around To It
I Prefer To Put My Money Elsewhere
If you have others who depend on you financially, it is very likely that you need life insurance. Life insurance can give security to you and to the ones you love. A life insurance policy will provide for your dependents when you die.
You may have questions like “Which type of life insurance should I buy?” or “How much life insurance is enough for me?” or “What or who do I need to cover?” Whether you are single, married with kids, empty nesters, retired, or a small business owner, we can help you determine the coverage you need to ensure you and your family’s financial security. It is never too early to start planning for your family’s future. We will help you with a life insurance policy that meets your needs.
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 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. But 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 life insurance professional.
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