Whole and Term Life Insurance

Getting life insurance relies on your specific situation but generally it depends if you have someone else in your life that depends on you financially. Some of the life events to consider are being married, having children, having to save money for college, and or having a mortgage.

The general idea of getting a life insurance is that you pay a certain amount and in the event that you pass away then your beneficiaries, listed in the policy, will be covered by the amount established. Moreover, if you don’t and you decide to stop the policy at a point then your will get the insurance cash savings accumulated but won’t be covered after the policy is cancelled. This is called Whole Life Insurance for it does not stop until either you past away or stop paying the required payments.

However there is another way to get life insurance that is much easier and that might fit you best, which is called Term Life Insurance. Term Life Insurance works in this way, you pay a premium (the cost of the insurance) for a fix time, if you pass away during that time then your beneficiaries will be covered as usual but if nothing happens to you then you had the time to save enough money to cover your needs and to cover your debts for you to walk away. However, in case that you need extra time to accomplished your needs then you can extend the coverage period and make it happen, but keep in mind that the premium will not be as low as the first time you obtained it but will be still lower that getting a whole Life Insurance. This price increment in your premium is due to the fact that insurance companies have more risk on having older clients insured than younger ones.

So call us for a free quote and stop by at your convenience so that we can provide you with these and more options that can save you thousands of dollars and will provide you with the desire insurance policy you deserve.

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