Everyone can benefit from life insurance. Even though it can be overwhelming to shop for it, deciding what current policy you need is relatively easy. There are two main policy categories that you can choose from: term life insurance and permanent life insurance.
We offer life insurance coverage here at Virtual Insurance Agency LLC and we can help you choose the policy that best fits your needs.
In the state, life insurance is not required. However, it is highly recommended since it will help cover many benefits and assist your family financially upon your passing.
Here are various options for life insurance that you can choose from:
This is the most accessible form of life insurance for many people. Term life insurance lasts for a certain number of years before expiration. You will have to pay premiums towards your policy. The benefits can be paid out as a lump sum or an annuity upon passing.
It is affordable but has an expiration date that may align with something else in your life, such as your child’s graduation or mortgage.
This is the most popular permanent life insurance type and pays out a death benefit. However, these policies have a cash value that is included in the policy. It provides lifelong coverage and is more geared toward younger buyers.
Indexed universal life insurance, guaranteed universal life insurance, and variable universal are the three types of universal life insurance. Universal insurance enables you to decrease the amount you pay for your premiums and allows for adjustable death benefits.
To obtain a quote for life insurance, please give us a call here at Virtual Insurance Agency LLC.
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