Financial experts agree that having life insurance can be an important part of your financial planning. You may have dependents, debts, or business obligations that may require funding if something should happen to you. At Insurancewide Company LLC in Phoenix, AZ, we can help you find the right life insurance for your unique needs.
People often wonder whether they need life insurance or if they need more life insurance than their employers provide. The answer to this question involves determining whether people are dependent on your income. If you experienced sudden death, these dependents might be thrown into an unstable financial position. This group might include your own children, disabled family members, dependent parents, or others. Many people want life insurance to pay off a mortgage on a house for their families. Some people carry a significant amount of debt that would be a burden to those left behind if they suddenly passed away. Other people might want to have the policy to pay for their funerals.
Term life insurance provides coverage for a period of time, generally one to 30 years, depending on your policy. It can be one of the most economical ways to have life insurance. Whole life insurance, also called “permanent” insurance, provides coverage throughout your life, regardless of how old you are at your death. Premiums are higher, but the value accrued can allow you to take a loan against the amount. Your agent can provide additional information on the differences in these policies.
An experienced agent can help to answer your questions and provide detailed information on the types of insurance available. Our agency offers policies to cover home, auto, business and life. Contact Insurancewide Company LLC today for a free, no-obligation on life insurance that can secure your finances if something unexpected should happen.
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