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Life Insurance
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Life
insurance is a crucial step in planning for you and your
family's future. It can fulfill promises and obligations to your
family if you are no longer living. The cash benefit paid
to your beneficiary or beneficiaries upon death can be
used to cover funeral expenses, provide support, repay debt,
provide education, pay estate taxes or any other expenses your
survivors may incur.
There are also benefits to certain types of life insurance
plans during your lifetime.
Term life insurance is an insurance policy covering a
person's life for a specified number of years. It is often
offered with a guaranteed premium for a particular number of
years. Term life does not have accumulated cash value.
Accumulated cash value generally is the distinction between term
life insurance and whole life or universal life insurance. Cash
value policies are initially much more expensive than term life
insurance policies for the same amount of coverage.
Your need for life insurance is dependent on your personal
and financial needs and goals. As your life changes, your life
insurance coverage may need to be updated to adapt to your new
needs. We offer a wide variety of coverages to provide what is
right for you, now and in the future.
- Term Life Insurance provides protection for a
specified period of time. Initially the cost is low for this
type of plan, but premiums will increase as you age.
However, these plans may be easily convertible to permanent
coverage.
- Permanent Life Insurance consists of a variety of
plans from fully guaranteed premiums, values and death
benefits to complete flexibility of premiums, interest
rates, underlying investment and death benefits options and
anything in between.
Please feel to contact us personally at 417-859-5646 if
you would like to talk to a financial professional for more
information or a quote. Or feel free to complete our
on-line request form. (Request
Form) |
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