Cover your financial obligations
If your salary is important to supporting your family, paying the mortgage, other recurring bills, or sending your kids to college, life insurance is important to ensure that these financial obligations are covered in the event of your death.
Term Life
Term life policies are set up to cover you for a specific period of time. The most common term policies cover for fifteen to twenty years. Term policies provide the lowest premiums because the coverage is guaranteed for only a specific period of time. Some Term life policies even offer the option to convert to a permanent life policy when the policy is set to expire.
Whole Life
Whole life and Universal life insurance covers the insured for the course of their life, even if you live to be 100 years old or more! An advantage of a universal life policy is that the policy builds cash value that you may borrow against in times of need.
No matter the situation, it is important to know what type of policy best suits your needs, the amount of coverage desired, and most importantly, who the beneficiary will be.
Rob is an honorable insurance broker you can trust.
Leon Rousso