Did you know you don’t have to be old and grey to qualify for life insurance? At our agency, we want to educate the community on life insurance and why it is necessary for people of all generations. This policy is an important part of the protection plan you have intact for your family. There are some different options you can choose from, but don’t worry, we help you understand your options!
There are various types of plans you can purchase, which include term and whole life insurance. Here is some more information on these categories:
Term Life Insurance Basics:
Pays a death benefit only when death occurs during the policy term, which may be up to 30 years.
Lower premiums for higher coverage
Rates can change after specific terms expire.
There are two types of term life policies: level term and decreasing term.
Level term policies, the most popular of the two, requires that the death benefit stays the same throughout the existence of your policy.
Decreasing term policies require that the death benefit drops in set increments throughout the existent of your policy.
Whole Life Insurance Basics:
This is a permanent plan and not for a specific period.
The protection provided stays with you throughout your whole life.
You can build equity and have cash value with this plan.
It has higher premiums than term life, but can be more valuable in the long run.
If you believe you may need help paying for final expenses, want to help replace income for your dependants, are looking to create a source or savings, or would like to make a significant charitable donation, then you should consider purchasing life insurance. The agents at All About Insurance can make this process easy so you can continue to live life to the fullest. Contact us today for more information at 888-896-4027 or fill out our free quote form!
Guarantees and protections are subject to the claims paying ability of the issuing insurance company.
As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs.
There are various types of plans you can purchase, which include term and whole life insurance. Here is some more information on these categories:
Term Life Insurance Basics:
Pays a death benefit only when death occurs during the policy term, which may be up to 30 years.
Lower premiums for higher coverage
Rates can change after specific terms expire.
There are two types of term life policies: level term and decreasing term.
Level term policies, the most popular of the two, requires that the death benefit stays the same throughout the existence of your policy.
Decreasing term policies require that the death benefit drops in set increments throughout the existent of your policy.
Whole Life Insurance Basics:
This is a permanent plan and not for a specific period.
The protection provided stays with you throughout your whole life.
You can build equity and have cash value with this plan.
It has higher premiums than term life, but can be more valuable in the long run.
If you believe you may need help paying for final expenses, want to help replace income for your dependants, are looking to create a source or savings, or would like to make a significant charitable donation, then you should consider purchasing life insurance. The agents at All About Insurance can make this process easy so you can continue to live life to the fullest. Contact us today for more information at 888-896-4027 or fill out our free quote form!
Guarantees and protections are subject to the claims paying ability of the issuing insurance company.
As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs.