Life Insurance is really for the family you will leave behind. It is something you need if your death would cause a financial hardship to someone. There are two primary types of coverage:
- Term Life Insurance – the cheapest type of coverage, it covers a specific period of time that you set.
- Permanent Life Insurance – covers you for the rest of your life, as long as you continue to make timely payments. Permanent Life Insurance offers a tax-deferred cash value that you can access. There are different types of Permanent Life Insurance including:
- Whole Life Insurance
- Universal Life Insurance
- Variable Life Insurance
- Final Expense Life Insurance
For more information about each type, check out the table at the following link: lifeinsurance.org and contact us for your free quotes!