Be there for your loved ones, even after you’re gone.
What Is Life Insurance?
Life insurance is the one form of insurance policy that has nothing to do with protecting you, but financially protecting your beneficiaries if you die. There are several different kinds of life insurance, but the most common are term insurance and permanent insurance.
Term life insurance- provides only protection at a lower premium for a specific period of time, during which, if you die, your beneficiaries will be awarded a benefit. People often choose term life insurance due to its low cost.
Permanent life insurance- provides lifelong protection to beneficiaries and is priced for you to keep over a long period of time. This type of insurance acquires cash value, and the premiums are usually fixed.
Why Is Life Insurance Important?
Life insurance is important to different people for different reasons. Depending on your financial goals and family situation, your policies and premiums will differ. If you’re afraid of leaving behind a large debt or taking a safety net away from your beneficiaries, you may want to consider buying life insurance.
Purchasing life insurance from our providers gives you a variety of options, including the following:
- Income replacement during working years
- To pay off debts left behind
- Final expenses
- Wealth transfer
- Tax-deferred Wealth Accumulation
Are You Eligible for Life Insurance?
At Mosby Insurance, we work hard to find our clients the best possible coverage at an affordable rate. However, your eligibility and rates for life insurance policies can be affected by your overall health and/or any preexisting conditions. Call us to learn more! If you want to do more research on your own, read more at lifehappens.org.
Insure your future today.
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