Life Insurance

Knowing When You Need  Life Insurance

Life InsuranceThe peace of mind you can get from owning a life insurance policy to protect your family can be hard to quantify, but is an important one nevertheless.

Life insurance offers security for your family in the event that something should happen to you.  You should consider your financial situation and the standard of living you want to maintain for your dependents.  How much will be needed to sustain the household?  Will there be adequate funds for ongoing or upcoming expenses?

Sometimes customers go overboard and buy too much life insurance or get involved in complicated policies that aren’t appropriate for them.  When considering life insurance, you should make sure that it provides enough of a benefit to meet your families needs if you and your income aren’t there.  At a very low cost, you can have the peace of mind knowing that your family will be protected.

Available Life Insurance Options: 
  • Term Life Insurance –  covers a person against death for a limited time–“the term” sometimes 20 or 30 years.  For example, the term might be until your children are grown, until college is paid for, or until retirement.  You pay for the policy period and at the end of the term, the contract or policy expires.
  • Whole Life – also called Permanent Insurance, is permanent and does not expire.  It provides coverage similar to Term Life Insurance, but it also can be seen as way to invest your money.   A portion of the premium goes towards life insurance, while the rest goes into an investment account.

We can help answer your questions.

Call  209-223-5700 or toll free 1-866-565-4520