No one really wants to think about their death, but is your family protected if the unthinkable should happen? Without life insurance, your family may be overwhelmed by bills and final expenses they are unable to afford. With a good life insurance policy, though, they won’t have to worry about things like burial and funeral expenses, unpaid medical bills, mortgage or other debts you will one day leave behind.
West Florida Insurance offers a full range of Hillsborough life insurance services, and we can help you secure the coverage you need to ensure your family’s financial security in the event of your death.
With a term life insurance policy, your family will be protected should you pass away within a set time frame. If you outlive the policy, it will expire with no cash value. This type of life insurance is the most affordable, and it’s a good option for people who are on a limited budget.
A universal life insurance policy allows you decide when and how much you will spend on your life insurance premiums. Paying more means making fewer payments. The payments you make cover the cost of your policy as well as investment portion with a fluctuating interest rate.
Whole life insurance covers you from the date the policy is issued until you die, as long as your premiums are paid. Your premium is determined when you open the policy, and it remains fixed for the rest of your life. Unlike other life insurance policies, a whole life policy builds cash value over time. This money can be borrowed, and if you cancel the policy, you’ll receive its cash surrender value.
If you are in need of life insurance in Hillsborough, please contact West Florida Insurance today to learn more and to secure the coverage your family needs.