Do We Have Enough Life Insurance?
Have you ever asked… do we have enough life insurance? This question rarely comes up when everyone is alive and well. However, when a death occurs, discussing life insurance suddenly becomes very important. But why is this topic so difficult to discuss? Because it forces all of us to acknowledge our mortality.
Look at it from a different perspective, you love your family and are proud of the life that you have built for them. But imagine for just a moment what your family’s life is like today. Now think about what that life might look like without you. What challenges would they face? What hard decisions would they need to make?
A well planned, life insurance policy can provide financial safety for your family. Insurance can replace income and provide funds for living expenses, and much more!
What Type of Insurance is Right for Me?
There are two main types of life insurance, permanent and temporary, also called term. Whole life insurance provides permanent protection for a lifetime. This permanent insurance policy offers you stability without any fluctuations in costs or benefits. You will also appreciate that permanent insurance accumulates cash value which you can access during your lifetime!
Term insurance, offers affordability for larger face amounts of insurance on a temporary basis, and does not accumulate cash value. You can choose a policy that lasts from 5 to 30 years at a fixed cost. A term policy is generally renewable and convertible to permanent insurance.
A term policy provides immediate protection just as any other insurance policy would, and it can be a great value!
Contact Woodfork Insurance Services at 858-480-5546 or 833-480-5546 and let’s start the conversation about life insurance today. We’ll show you simple and effective options to protect your family now and in the future. You can follow us for the latest news on Twitter at @Woodfork_insure
