LIFE INSURANCE

LIFE INSURANCE

LIFE INSURANCE – PROTECTING FAMILIES AND ASSETS

People buy life insurance to protect their beneficiaries and create financial stability after their death. Its function is to assist beneficiaries financially after the policy owner passes away. In short, life insurance policy provides security to your family, protects your home investment and assists with estate planning.

LIFE INSURANCE – PROTECTING FAMILIES AND ASSETS

However, some insurance companies offer living benefits that provide coverage if the insured develops a health condition that impedes their ability to work or becomes disabled. Thereby providing benefits while living to help pay for expenses, mortgage, or other needs.


Therefore, selecting life insurance with the right company can allow the insured to receive benefits while living and help them protect their family and assets. 

WHAT IS THE BEST TYPE OF LIFE INSURANCE?

WHAT IS THE BEST TYPE OF LIFE INSURANCE?

With so many types of life insurance available in the market today, it can be difficult to determine which is the best one for you. With that in mind, the “best” policy you can purchase is about finding the right type of coverage for your specific needs.


Let us help you choose the right life insurance. 

Provide your family with financial stability, should you die unexpectedly or cannot work due to illness or handicap.

WHAT IS PERMANENT INSURANCE?

Permanent Life Insurance is also known as Whole Life Insurance. Unlike a Term Life policy, which protects for a limited time, Permanent Life Insurance provides coverage for life. As long as premiums are paid, your loved ones are guaranteed to receive a death benefit. It also contains a growing cash value that’s available to help you cover unexpected costs. With Permanent Life Insurance, your premiums remain the same throughout your lifetime.

WHAT IS WHOLE LIFE INSURANCE?

WHAT IS TERM LIFE INSURANCE?

Term life insurance pays a benefit in the event of the insured's death during a specific period. Suppose you're just starting a family or just purchased a home. In that case, a rising priority for you may be the prospect of providing for your loved ones in the event of an untimely death.


Needs such as paying off a mortgage or taking care of other debts, term life insurance is a great option. 


It is generally the most affordable type of life insurance. It provides pure death benefit protection and a fixed death benefit payout if you pass away within the "term" of the contract.


If you don't like the idea of paying premiums for something you may never have to use, consider return-of-premium-type products. With these products, you typically get back a portion of the premiums you pay if you outlive the "term."

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