Does your family depend on your income? What would happen if you were to pass away suddenly? How would your family survive? The answer: life insurance. It can help replace your income in the event of your death, help pay your funeral and burial costs, create an inheritance for your children, pay estate taxes, and much more. But there is one problem with life insurance. Choosing the right life insurance policy can be confusing. Fortunately, we are here to help!
Choosing the Right Life Insurance Policy
- Term Life Insurance: You should consider term life insurance if you need life insurance for a specific period of time. This is because term life insurance is exactly what it sounds like. You can purchase this type of life insurance for a specified term. This type of insurance pays only if you die during the term of the policy.
- Permanent Life Insurance: You should consider permanent life insurance if you need life insurance as long as you are living. A permanent policy pays a death benefit whether you die tomorrow or live to be over 100. Because of this, premiums for permanent life insurance policies are generally higher than those of term life insurance policies.
Life Insurance Hanover
You’ve worked hard to obtain financial security. You understand the importance of protecting that financial security and the livelihood of your family. That is why you should choose Barrick Insurance. Feel free to give our office a call at (717) 632-7270.