Getting life insurance for yourself is really not about yourself at all. When you invest in a life insurance policy, you are ensuring that, when you pass away, your family would be able to afford to live the life they have always had.
Life insurance is for the people who will live on after you die. This policy avoids your loved ones worrying about how they will pay for your funeral, how they will afford to go to college, or how your child will be able to be raised.
Life Insurance Coverages
Life insurance is not only the cornerstone of a solid financial plan, but it’s hands down one of the most cost effective ways to protect the people who depend on you financially. Besides supporting your family after you pass away, it could also go towards
- Charitable donations
- Paying federal death and estate taxes
- Creating an inheritance for your heirs
- Paying final expenses
When you’re ready to purchase life insurance, you are offered three types of policies: term, whole, or universal life insurance. The difference between these three can be simplified into your age, health, and desired outcome. Term life insurance only covers a set period of time and pays out if you die during the term. While whole life insurance lasts your entire life, not being able to be outlived. Universal life policies are similar to whole life, but with more flexibility. These policies might not be for everybody. To learn more about term, whole, and universal life policies, reach out to one of our agents today.
Get Started with Life Insurance
If you have been debating if life insurance is for you, reach out to Shurr Insurance and we can find the perfect policy. Call today or fill out our free quote form!