Life Insurance

Affordable Life Insurance Options

One of the most important decisions you can make is landing the right life insurance policy. The coverage can protect your family from financial stress if you are not there to provide for their needs. Working with an agent allows you to consider multiple policies so you can choose affordable coverage that is catered to your specific needs.

What Type of Policy Is Right for You?

There are two major factors when it comes to life insurance: time and ownership. Likewise, there are two different policies, one that prioritizes time and the other ownership. To understand the difference, think like renting or owning a home.

  • Term life insurance is like renting. When your lease is up, you no longer have the home. Likewise, when you reach your “term” on your policy, you no longer have coverage or any cash value left in your policy.
    • This coverage is best utilized when you have other long-term financial commitments–such as dependents who are still at home or paying off a major debt such as a mortgage.
  • Permanent life insurance is similar to owning your home. Mortgage payments will cost more upfront, but, once your home is paid off, it's yours forever; and there is cash equity in the home, unlike your rental.
    • As you make payments on a permanent life insurance policy, your policy builds cash value, and eventually, you pay it off. The benefit: even when you are finished making the payments, you keep your coverage for life. Permanent life insurance policies also have other perks like various tax advantages.

Other Life Insurance

Another option is child life insurance. These policies typically provide financial aid to cover medical costs for the unfortunate death of a child; however, child life insurance is also a great way to promote healthy financial security for your child as they grow.

Other insurance areas include critical illness, long-term care policies, final expense coverage, and disability insurance.

Helping you Find the Right Policy

This is where we provide value for our clients. By asking you questions, we create a profile that highlights your greatest insurance needs. Then, as an independent agency, we access a directory of hundreds of life insurance companies and find you the most affordable coverage catered to your needs. This helps you save time and now you are getting the best value for yourself and your family!

Have more questions? Contact us and we would be more than happy to help!

Ready to get started? Get a quote today!