While it’s uncomfortable for many to think about what happens to your loved ones and dependents when you pass away, it IS something to plan for now. Not only does life insurance help pay for funeral costs and medical expenses incurred prior to passing, it also helps those survived by you to continue to pay bills and other day-to-day expenses.
Generally, term life insurance covers both natural and accidental death; if the insured passes away during the term of the policy, the benefits are paid out directly to the beneficiary. Term life insurance in particular is a valuable and cost-effective option as it provides coverage for a specific period of time usually at a fixed price (though with some policies the premiums get more expensive as you age; this type of insurance also doesn’t build up a cash value). Term life insurance is an excellent option regardless of where you are in life – whether you’re a newlywed couple, a family with young children, or even brand new “empty nesters” – as it allows for YOU to choose the length of coverage depending on WHO you have to support during that time.
Since there is much to consider when purchasing life insurance, our agency will research the best solution for you through an impressive list of partner companies! For more information or to request a quote click here. All sensitive information will be kept private and secure.