When it comes to the future, we all have goals and dreams. For many of us, we take care of those that are close to us. With a family and loved ones, it is important to keep them safe. Life insurance for you or for your family members can help provide financial security for the remainder of their lives with no risk on your part. Getting life insurance can help provide not only yourself but also your family with a secure future as well. So, which type of policy should you get?
Well, first of all, it’s not as simple as looking at the benefits of each policy and picking one that suits you; there are many things you need to take into account. Everybody’s situation is different. As such, a policy that works for someone else may not be beneficial for you, and vice versa.
However, our insurance agents are here to help. At Texas Insurance Agency, we have years of experience under our belts and are committed to helping every client that comes our way. If you’d like to discuss your insurance options, give us a call today.
Permanent Vs. Term Life Insurance — Which Is Best For You?
As you near retirement age, chances are you have or will soon begin to think about life insurance and what type of coverage is best for you. You may have heard the term “term life insurance” before, but there’s a good chance you’re wondering what it means in the context of your own personal finances.
Term life insurance is basically an extended savings account — a way to protect yourself, your family and your assets should something happen to you. As the name suggests, the coverage under these policies does not last forever. Instead, it covers you for a certain period of time.
This could be ten years, 20 years, or 30 years. As such, term life is a perfect option if you’re planning for the immediate future. If you’re looking for something more long-term, then a permanent life insurance policy is the way to go. These policies last from the day you take them out till the day you die.
How to Convert Your Term Life Insurance Policy for Permanent Coverage
Many people favor permanent life policies as they enjoy the peace of mind they bring, knowing their family will be taken care of when they’re no longer here to provide for them. Life can be unpredictable, and the permanent coverage under these policies is a highly beneficial factor. However, that doesn’t mean that permanent life insurance is the right option for you.
When you first search for life insurance, you may find that term life coverage is more beneficial for your situation. However, it’s not uncommon for circumstances to change over time. If that is the case and you want to switch to permanent, or whole life insurance, our team makes it easy to do so.
Contact Texas Insurance Agency today to discuss your options and to find the right life insurance policy for you.