What is Life Insurance?
Life Insurance provides for your loved ones in the event of your death, or if you are diagnosed with a terminal illness.
Life Insurance provides your loved ones with a lump sum payment that can help ensure their financial security.
It can allow your family to keep their home, provide for your children's education, and allow your partner to continue living the life you had planned together.
Protect the ones you love, with Life Insurance.
Call us at 1-866-299-7156
Call us at 1-866-299-7156
What a difference a Insurance Policy can make in life.
Though it seems there is a bewildering array of policy types and names, they all boil down to two basic forms of life insurance: permanent and term. As a rule, permanent needs should be covered with permanent, temporary needs with term insurance. Often, a combination of policy types does the best job for you.
So, what is a temporary need? A mortgage; high needs for continuing income when your children are young; some business obligations; and so on. What are known Permanent needs? Funeral expenses; supplementing a survivor’s income; covering capital gains taxes at death, especially if family property is to be passed on to the next generation; and children who remain dependent for their lifetimes, often due to a disability.
When examining an existing insurance policy make sure to reassess:
1. Your cost of insurance increases with age
2. Type of existing coverage
3. Current health status
4. Your past needs versus current needs
