Most residents of Arizona don’t have sufficient life insurance. Those who carry any often have only minimal coverage through an employer. That coverage will probably lapse if you lose your job. The good news is that Premier Choice Insurance can help you find affordable solutions to protect your family’s future regardless of your employment status.
Why Life Insurance?
Everyone needs life insurance. The cost of a funeral alone can overwhelm your family’s budget if you die unexpectedly. If you are a primary wage earner, you also need to make sure your family will be able to make ends meet after your death. If you have children, you need enough coverage to provide for their schooling as well as for other basic needs. Your insurance agent at Premier Choice Insurance can help you determine what amount and type of life policy will best help you protect your family’s future even if you aren’t around anymore.
What Type of Policy?
Two primary kinds of policies are available—term life and permanent life insurance. As the name suggests, term life policy is only available for a certain period of time. Permanent life policy, as you might have guessed, is for life and will pay out at the time of death or, in some cases, when necessary due to accident or illness, as long as the premiums are current.
Term life is a type of insurance that tends to be less expensive than the various types of permanent life policy. It’s great for young families on a tight budget, and some term life policies can be converted into permanent policies later. This is a great way to start with.
Permanent life insurance includes both whole life and universal life policies. These insurance options can operate as investments against which you can borrow if necessary, and they also provide death benefits. Your insurance agent will be happy to discuss the details and options of permanent life policy with you more thoroughly.
Don’t hesitate to secure your family’s future. Get your free insurance quote online today. If you have questions or wish to speak with an insurance agent concerning what policy is right for you, feel free to call our office during regular business hours.
Want to find out more about your Life Insurance options? Contact us today for more information.