Have you been trying to find a Pearland TX Term Insurance policy that works for you and your family? If so, Texas Insurance Agency is here to help. Our dedicated team of insurance agents has a combined total of 40 years of experience. What’s more, we are committed to finding the best policies for everyone that comes our way. Reach out to our trusted team today to find the best policy at the best rates!
When you’re searching for a life insurance policy, it’s important you know your options. You may be searching for Term Life Insurance because a friend recommended it. However, you may not yet know about the benefits of Permanent Life Insurance. That is why Texas Insurance Agency is here to help. We will never make the decision for you. However, we want to assist in the process to ensure you’re making the best choices for yourself.
We understand that everybody’s situation is different. With that in mind, you don’t need a cookie-cutter policy; you need a unique policy that offers the right coverage for you and your family. That is exactly what you’ll get when you work with us. If you want to feel confident in your life insurance coverage, call Texas Insurance Agency today.
Why is Life Insurance Needed?
If your family is financially dependent on you, it is imperative you take out a life insurance policy. This is because, when you are no longer here to provide for them, they will be lacking the income you provide for basic living costs and other expenses. However, with the right insurance policy on your side, you won’t need to stress about how your family will be taken care of when you’re gone.
There are several benefits to taking out a life insurance policy. First and foremost, if you have any outstanding debt. Unfortunately, debt does not disappear when you pass. As a result, your outstanding debt will be passed along to your family members, whether that be a spouse or a child. By taking out a term or permanent life insurance policy, you could prevent them from stressing about paying off this debt.
This is because the money your family can cash in via your insurance policy can be used however they seem fit. So, they could use it to pay off any outstanding debt. Additionally, they could use this money for funeral costs, college tuition, and more.
If you’d like more information regarding the benefits of a life insurance policy, contact the experts at Texas Insurance Agency. We value customer service above all else. That is why we are committed to finding the best insurance products for our customers. Call today for a free quote!
Coverage Options with Pearland TX Term Insurance
To understand the different forms of life insurance, you must first understand the purpose of a life insurance policy. Any insurance policy is a contract between a policyholder and an insurance provider. This ‘contract’ states that the policyholder will make monthly payments, and in exchange, their family will receive a lump-sum payment upon the policyholder’s death.
The monthly payments are known as ‘premium’s and are entirely flexible. Everybody’s situation is different. As a result, you may pay a higher monthly premium than another policyholder or vice versa.
What’s more, here at Texas Insurance Agency, we don’t work for the life insurance company; we work for you! With that in mind, we want you to have options that are right for you. That is why if you ever need to change your premiums, our team will be here to assist you.
Whether you need to decrease or increase your monthly premiums, you can do so with ease when you partner with Texas Insurance Agency.
Term Life Insurance vs. Permanent Life Insurance
Term life insurance is just one of two options when it comes to life insurance. Depending on what you’re looking for from your insurance policy will depend on which of these options is best suited for you.
Term Life Insurance offers time-sensitive coverage compared to permanent coverage. However, this doesn’t mean it is an inferior choice. In fact, it gives you more options, more flexibility and is overall a cheaper policy type.
With that in mind, there are certain things you need to be aware of when creating an insurance plan. First and foremost, Pearland TX Term Insurance offers coverage for 10 year periods, 10 year periods, 20 year periods, and so on. What this means is, if the policyholder’s death occurs outside of this timeframe, then, unfortunately, there will be no cash payout.
However, these policies extend to offer 30 years of coverage, so you are able to plan. Additionally, you can take out a term life policy and switch to a permanent life insurance policy later down the line.
A permanent life insurance policy lasts from the time the policy is taken out until the death of the policyholder, regardless of when this event occurs. The benefits that come with this policy type will vary from case to case depending on your individual situation.
Who Receives The Cash Payout?
No matter which of these policies you decide upon, the beneficiaries of the policy will be yours to choose. This can either be a spouse, your children, or even a charity. As previously mentioned, they are free to do with this money what they feel necessary. Life insurance policies are extremely beneficial. Not only can they cover the costs of a funeral and lost wages, but they can also be used for the following:
- pay less in taxes
- protect your business
- have access to money in the event you become sick
- create a source of income for retirement
To learn how else you can take advantage of your policy, call Texas Insurance Agency today. You won’t find a more trusted team of agents to handle your Pearland TX Term Insurance policy.
Pearland Fun Facts
- Pearland lies in Brazoria County.
- The city was named so after the pear trees that grew in the area.
- The motto of the city is ‘Where Town Meets Country.’
- To learn more about Pearland, visit today.