No one wants to imagine the unthinkable, but have you taken steps to ensure that your family is protected in the event of your death? If you don’t have life insurance in Bradenton, you could be putting your family at risk of not having the money for unpaid bills and final expenses.
There are several types of life insurance, and choosing the right policy can be challenging. At West Florida Insurance, we work with all of the best insurance providers in the nation, and we can help you sort through the options and choose the option that is perfect for your family.
For people who are looking for the most affordable life insurance option, term life insurance is the best option. This type of insurance provides coverage for a set amount of time as long as the premiums are paid. When you live beyond the policy’s term, it expires with no cash value.
Universal life insurance provides flexibility and allows you to pay as much as you want, when you want. Paying more means making fewer payments. Paying less, of course, means it will take longer to pay for the policy. Your payments go toward the cost of the insurance as well as an investment portion. The interest rate for the investment portion of the policy may fluctuate over time.
Whole life insurance, as the name suggests, provides coverage for your whole life. As long as the premiums are paid as scheduled, you are ensured from the date the policy is issued through the date of your life. The premiums are determined when you open the policy, and they remain fixed for the rest of your life. Unlike other life insurance policies, whole life insurance policies build value over time, and you can use the money for things like tuition or paying off your mortgage. If you cancel the policy, you are entitled to the cash surrender value.
Unlike other types of life insurance, whole live insurance builds value over time. This cash can be used for things like sending a child to college or paying off a mortgage. If you ever choose the cancel the policy, you will receive the cash surrender value.
Don’t risk your family’s future security by not investing in life insurance. At West Florida Insurance, we work with all the nation’s leading insurance providers, and we pride ourselves on helping our clients find the right life insurance in Bradenton. To request a quote, contact us today!