Did you know that life insurance can offer you greater financial protection? If you were to pass tomorrow, your family can have the money needed to move forward.
There are quite a few life insurance options to consider.
Term: A term between 5 and 30 years is chosen to provide you with coverage.
Whole: The policy is valid for your entire life to ensure you have coverage regardless of when you pass.
Pros and cons are found with each life insurance option. As such, it’s important to review them with an insurance agent. Based on your age, the amount you have in savings, and even your level of health, it will be easier to determine what policy will work best for you. Some policies can have a cash value associated with them, too, so you can get financial assistance during your retirement years.
Much of it comes down to what you can afford in monthly premiums and what kind of coverage you need for your situation.
Perhaps one of the hardest parts about shopping for life insurance is determining how much life insurance coverage you need. The value of your policy is the amount that would go to a beneficiary once you pass. The value should cover a variety of expenses that would be left behind, including:
Everyone’s situation is unique. Therefore, you may need an amount of $50,000 or even $1 million. With the help of our agents, we’ll help you figure out which amount will work the best. Plus, we’ll get quotes to ensure you’re getting an affordable policy that you can rely on.
Find a life insurance policy that works for you by calling us at McMillan Insurance Agency LLC today. Our agents are standing by to work with you through the entire process.
