We know you can’t put a dollar amount on your family, but you can ensure their future is protected. And though costs are a real concern for most people considering life insurance, it never costs as much as you think.
After running multiple tests, doctors conclude you have an incurable medical condition that may affect the length of life you have remaining.
A million thoughts race through your head. You’re unsure of what to do or whom to call. Your first priority is your family and who will look after their well-being when you’re gone. Will you might be asking yourself:
Or will you be thinking instead of how you will choose to spend whatever time you have left secure in the fact you have a precisely calculated policy to cover your debt and funeral costs?
Recognizing that everyone’s situation is unique, there are multiple types of life insurance policies to choose from:
Term life can offer you a high level of coverage to meet your temporary needs and may be the right fit for you if you are in search of:
How it Works: You can choose a term of ten, twenty or thirty years. A Term Life Insurance policy holder receives a guaranteed death benefit for the term you select and your premiums are “locked” for the agreed upon time period.
When you choose Whole Life you are provided with level premiums, strong guarantees, and protection that can build cash which you can later use through policy loans enabling you to use money for any purpose. At the same time, you are also providing financial protection to your loved ones.
Universal Life is similar to Whole Life in that it can provide you with lifelong protection and can build cash value. With Universal Life, however, you have more flexibility. For example, you may have the option to change certain aspects of your policy mid-term such as the level of coverage and the premium payments. Versatility and long-term protection are the foundations of the Universal Life product.
Life's final expenses can be a heavy burden for your family. With the average burial exceeding $10,000 a Final Expense policy may assist those who are dealing with your loss. Preparing now with this coverage allows you to only leave behind fond memories.
No matter the situation, it is important to know what type of policy best suits your needs, the amount of coverage desired, and most importantly, who the beneficiary will be.
One of the helpful agents at our firm can help you learn more about purchasing a life insurance policy. Having peace of mind knowing that when you leave this world, your family won’t be burdened with your financial hardships.
While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you.
After all, there’s no such thing as a one-size-fits-all insurance policy when it comes to your business.
Contact us today, and we'll help you protect what matters most.
Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.