It’s said that the only constant in life is change.
Whether it’s your job, where you live, or your family: no one knows what the future holds.
However, insurance policies give you the ability to plan for the unknown.
Do you also have a life insurance policy? Do you have the right amount for your current and future live plans?
Family Legacy & The Right Life Insurance Policy
Death, especially our own, is something we don’t like to think about.
However, looking out for your family’s future requires considering the consequences of your death.
Like other types of insurance, a life insurance policy provides a “just-in-case” safety net for your family.
From paying for funeral expenses to paying off your debts, the right policy alleviates financial strain during their time of grief and loss of planned income.
It can also take care of future expenses like college for your children.
So, how do you know what type of life insurance policy is right for you?
Our friends at Trusted Choice say you can select one of three coverage options:
- Term Life
- Whole Life
- Universal life
Each type of policy has its advantages and disadvantages.
Term Life Insurance Policy
This insurance provides coverage for a set amount of time. You pay for the coverage while it lasts, but the money is not saved for you.
Whole or Permanent Life Insurance Policy
Because your payments accumulate value, you can borrow against your policy and count it as an asset in your financial portfolio.
And unlike a term policy, the policy ends when your payments and interest reach the coverage amount. The resulting cash value is turned over to you!
Universal Life Insurance Policy
This type of policy also saves the money you pay into the policy that you can borrow.
The difference from whole life is that you can skip payments as long as the policy has money in it.
Which Life Insurance Policy is Right for Me?
To determine which life insurance policy is right for you, put our independent insurance agency to work for you!
We evaluate and plan through several insurers, some you know and some you may not…it’s our mission to offer you:
- The right type of coverage;
- With the best insurance company;
- For the best value and price.
As a Connecticut insurance expert and your neighbor for nearly 50-years, you can count on the Keating Agency to look out for you and your family’s best interests.
Don’t delay, life happens so Contact Us today for your future is secure!