Is your family adequately protected in the event of the unthinkable? If you don’t have a good life insurance policy, your family could be left with significant expenses and no way to pay them. By investing in life insurance, however, you can rest assured knowing that your loved ones won't have to worry about unpaid medical bills, mortgages, funeral and burial expenses or other debts upon your death.
At West Florida Insurance, we offer a variety of Charlotte life insurance policies. Because there are several types from which to choose, many people struggle to decide which is best for them. We are here to help you choose a policy that is well-suited to your family’s needs as well as your budget.
Term life insurance is the most affordable option. This type of policy provides coverage for a set number of years. If you live beyond the life of the policy, it expires with no cash value, and there is no refund for any premiums you paid.
With a universal life insurance policy, you have the option of choosing how much you pay on premium payments and when you make those payments. Paying more means that you’ll need to make fewer payments. Your payments go toward the cost of the insurance policy as well as an investing portion which has a variable interest rate.
Whole life insurance provides coverage for the rest of your life. As long as you keep up with your premiums, a whole life insurance policy offers protection from the issue date of the policy until the date of your death. The amount you pay is determined when you open the policy, and your premiums remain the same throughout your life. A whole life insurance policy builds value over time, and you can use this money for things like paying off a mortgage. If you choose the cancel the policy, you’ll receive the cash value.
Don’t put your family at risk by living without life insurance. For Charlotte life insurance, contact us today!