The quality role of LIFE INSURANCE
When we pass away, our income ceases, leaving our families to carry on with one less source of financial support. How would your loved ones manage to meet their financial obligations without that additional paycheck?
Term Life Insurance
Term life insurance offers the most cost-effective coverage option. It lacks living benefits but provides financial assistance if the insured passes away within the policy period, provided the policy remains active.
WHAT IS LAYERING COVERAGE?
Getting a combo of term and permanent coverage
Permanent Life Insurance
Permanent life insurance typically offers coverage until the end of life, contingent upon premium payments. Additionally, it accumulates cash value, which can be utilized for various personal needs. Permanent life insurance also presents a range of riders, including children rider, long-term care, and disability options.
There are several different kinds of permanent life insurance.
WHOLE LIFE - Offers the comfort of fixed premiums usually with a guaranteed cash value component. Also has reduced paid-up insurance which allows you to retain a death benefit from your life insurance policy without paying any additional premiums.
UNIVERSAL LIFE - The most flexible and affordable permanent life options. This policy allows you to adjust premiums and death benefit, offering flexibility as your financial circumstances change. You can buy Increasing Death Benefit which combines the cash value with the death benefit to increase the payout over time. Contrary, you can buy Level Death Benefit for a lower price where the death benefit does not increase over time. Index Universal Life is a type of universal life insurance that’s tied to a stock or bond index, like the S&P 500. This cash value component in these policies typically earns interest and grows tax-deferred.
These are the most common types of life insurance we sell in our agency. We offer policies with and without fluids.
We love helping our clients with life insurance. We would like to remind you: Buy life insurance when you are young and healthy. The longer you wait, it usually gets more expensive. Don't depend on policies through work, be sure to buy your insurance policy.
Feel free to reach out if you're interested in reviewing a life insurance quote. I'd be happy to assist you with that.
PHONE: 516-671-0001
CONTACT ME HERE: https://bit.ly/ContactCelesteHere
MAKE SURE YOUR FAMILY REMEMBERS HOW MUCH YOU LOVED AND CARED FOR THEM, YOU GOT THEM UNTIL THEIR LAST DAY, NOT YOURS!
