Life insurance is a crucial step in planning for your future and the future of your loved ones. It can help replace income, protect assets, and handle final expenses.
Life insurance can seem complicated, but we're here to help walk you through it. We'll explain the options out there, evaluate your situation, and help find the solution that fits best. Here's a brief overview:
Term Life Insurance
Term life insurance provides coverage for a specified period of time. It's well suited to replace income in the event of an untimely death so loved ones can continue to cover a mortgage, contribute to kids' college savings, or pay any other expenses.
Term life is popular due to its affordability and simplicity as premiums and the death benefit are level throughout the policy.
Coverage periods are usually available in 5 or 10 year increments ranging from 10-30 years. Term life is also sometimes convertible to permanent coverage, providing you with flexibility as your needs change.
Permanent Life Insurance
Similar to term life insurance, it pays a death benefit upon death of the insured, but they also have a cash value component that may grow over time. As the name suggests, they're designed to last a lifetime. Permanent life is often used for more complex needs and there are two main types:
Whole Life Insurance is more traditional and premiums are typically fixed and level for the policy's lifetime.
Universal Life Insurance is flexible and may allow lowering or raising of premiums and coverage amounts. The cash value component's growth may also be tied to a stock market index.
HOURS & LOCATION
6003 Veterans Parkway
Columbus, GA 31909
Monday - Friday
9:00 AM - 5:00 PM
Saturday & After Hours