TERM LIFE INSURANCE
Term life insurance is designed to pay a death benefit ONLY when the death occurs during the policy period, which may range from 5 years to even 30 years. A term life insurance policy is the most straightforward form of life insurance and for some, might be the most affordable option.
WHOLE LIFE INSURANCE
Whole life is designed to protect the entire life of the insured, or for as long as the insurance premium is continually paid. Over time, this policy can build equity and have cash value. While this is a more expensive option than term life, it can be more valuable in the long term.
Other options available to you may include variable life insurance, survivorship and more. Our agents at InsuranceHub can go over these options in further detail with you.
Although it may seem overwhelming as you plan for your future with so many options available, our experts can help to guide you among several financial strategies. Our experienced consultants are here to ensure that you have the most appropriate plan designed to protect your assets and secure a comfortable retirement.
The cost of your life insurance coverage depends on the policy you choose to purchase, as well as your health, age, hobbies, lifestyle, and more.