You’ve thought about life insurance, but other things always seem to take priority — paying the mortgage, your children’s education and so forth. But if something happens to you, you need safety net in place for your family to take care of final expenses, debts and estate taxes you may leave behind. It’s critical to select a policy now, with a reputable insurance agency in Orlando.
Benefits of Life Insurance
Depending on your needs, you may opt for either permanent life or a term life policy. There are benefits to both, and you’ll need to consider carefully to make the best choice for your family.
- Term life only covers your final expenses and is in effect for as long as you’re paying the associated premiums. There’s no cash value, but it might be your best option if you’re on a tight budget.
- Permanent life policies are usually more expensive, but have a cash value. Whole life earns dividends and has a guaranteed death benefit amount, while variable life permits you to allocate portions of your premium among a range of investment choices. Universe life offers adjustable premiums, and variable universal life merges the ability to invest your premiums along with flexibility in premium amounts.
If you’re not sure what type of coverage is right for you, consult an independent insurance agency in Orlando. With a variety of carriers and experienced agents, you’ll receive the guidance you need to pick a policy that benefits your family the most.