01 Feb What is the Best Life Insurance for Me?
What is life insurance?
This policy is a tool you can use to financially protect your family in the event of a passing. Beneficiaries will receive a payout to use, ensuring security in a difficult time.
When to start a policy?
Anytime is a good time to start a policy. The younger and healthier you are, result in lower premiums. However, starting a policy after these major life events are especially important to consider:
- Marriage
- Purchase of a Home
- Birthing or adopting a child
Policy Options
Although there are many different options, there are 3 main types to consider.
- Term: You will receive a guaranteed death benefit for the term of your choosing. Plus, your payments are guaranteed to remain the same for the length of the term.
- Whole: Gives you premiums, guarantees, and valuable protection.
- Universal: Offers lifetime protection while building cash value advantages for you and your family to use.
What policy is best for me?
Term Life Insurance
- Consistent Premiums for 10,15,20, or 30 years.
- Options to continue coverage at the end of the term
- A choice to add-on benefits to customize coverage
Whole Life Insurance
- Guaranteed income-tax-free death benefit
- Guaranteed consistent premiums
- A choice to add-on benefits to customize coverage
- Permanent coverage
- 100% return of premium guarantee
Universal Life Insurance
- Flexibility to raise or lower premiums
- Permanent coverage
- Built-in cash value (Can use to take loans or pay premiums)
- Income tax-free death benefit to protect families financial well-being
To find out more about Life Insurance. Contact one of our talented Risk Advisors today!
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