Protect Those Who Depend on You With a Solid Life Insurance Plan
Always Ready Solutions will ensure you and your family are covered with a comprehensive life insurance plan. Life insurance is about protecting the people who financially depend on you. It pays them a sum to help them with the financial impact of your death. The money can help your loved ones pay monthly living expenses, stay in their home, and pay off debts, including final expenses. It can also help send a child to college, continue a family business, or leave a legacy for your favorite charity. There are several life insurance options; we are here to help you determine the best choice.
Term Insurance
If you want to cover financial responsibilities for a specific period, like a mortgage or college expenses, at a reasonable price, consider term life insurance. Term insurance can cover 1-, 10-, 15-, 20-, 25-, or 30-year terms. Initially, term insurance is generally lower in cost than permanent insurance. However, term insurance premiums typically increase substantially if you want to renew your coverage at the end of the original term.
Permanent Insurance
Permanent insurance is designed to provide coverage for your lifetime and has a feature to build cash value within the policy that you can access during your lifetime. Since a portion of each premium goes to build cash value savings, the premium for permanent insurance is usually more significant than the initial cost of the term.
We’ll Find the Right Life Insurance Policy for You
Which life insurance policy is right for you? It depends on your coverage needs and budget. Most term policies have conversion features that allow you to convert to permanent coverage. If your budget is tight, you can start with a term policy and convert later. We can help you figure out which policy, or combination of policies, is right for you.
For more information about our life insurance plans or to schedule a free consultation, call us today at 801-628-1861.