Make a positive impact for your family by making solid decisions now You might need life insurance if there are people in your life who depend on your financial support. Common life insurance strategies include:
Replacing lost income
Eliminating debts
Preserving savings
Types of Life Insurance There are two general categories of life insurance: term and permanent. Term insurance is purchased for a specific period of time – for example 10, 20 or 30 years. Permanent insurance covers an individual until their death – regardless of age.
Term is usually inexpensive due to the fact it is only for a set period of time. Most people purchase this type of insurance to help carry beneficiaries through expensive time periods in their life. For example, to cover a mortgage, cover children through college years, starting a business etc. There is also Return of Premium Term, which costs a little bit more, but allows an individual to get all premiums back at the end of the term, if not used.
Permanent insurance, on the other hand, tends to be more expensive because it will cover an individual to death. This insurance is good if you know you will always have a need for life insurance and will be there until your death. There are many different types of permanent insurance available today with many options to meet an individuals needs. Call today to learn more!
Call today for a free, no obligation consultation. Evercare Financial is the premier Independant Life Insurance agency in the area, we can help you find the most appropriate plan for your situation.
Replacing lost income