Where do I get the best life insurance?
Life insurance is arguably important and one of the best investments you can make for your family’s security. And unfortunately, it’s a complicated industry, hard to navigate on your own, but don’t let that put you off. At Flatland Jessup, we were founded on Life Insurance, so we know this business well. We’ll be happy to talk you through all options.
First, you’ll need to determine the type of life insurance you want to buy. If you don’t know all of them, here’s a few: term-life insurance, whole-life insurance, and universal-life insurance. Confused yet? That’s ok, we can help.
A.) To put it simply, term-life insurance is where you pay regular premiums for a set period and the policy only pays out if you pass during this period.
B.) Whole-life insurance has no set period. You simply pay regular premiums until you pass, at which point the policy pays out. Sometimes you have the option to take a lump sum back while you are still alive. However this will reduce the amount paid out when you pass.
C.) Universal-life insurance works similar to whole-life, but you have more flexibility about taking money early. You can even borrow money and repay it later. However, if there’s any loan outstanding when you pass, the policy’s payout can be greatly impacted.
The premiums you pay depend heavily on your age, medical history, in addition to the amount you want the policy to pay out.
Call us and we will walk you through the options and help you to determine which options is best for you and your family.
