LIFE
INSURANCE
WHAT IS
LIFE INSURANCE
Life insurance is a policy that protects your family and loved ones in the event of your passing. Your beneficiaries will receive money to use as they see fit, ensuring security during difficult times. There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.
Find the right life insurance policy for you
Everyone can benefit from having a life insurance policy. Whether you just got married, had a baby, or are preparing to retire, life insurance can help you. Life insurance coverage can help to cover the costs of funeral expenses, pay off debt, replace lost wages, provide for a college education, or leave an inheritance.
TERM LIFE INSURANCE
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Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you need coverage that will disappear at a specific time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt, such as your mortgage, is paid off.
WHOLE LIFE OR UNIVERSAL LIFE INSURANCE
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In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period.
Ready for a quote?
It's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your unique circumstances and financial goals. But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional.
Protect your loved ones today and get a quote now! Let’s get your insurance needs met at the best price points today!
Call our office today at 516.358.5600 or contact us online and an insurance professional will get back to you promptly.