LIFE INSURANCE

Life insurance is a way to protect your family and loved ones from financial hardship in case you pass away. It is a contract between you and an insurance company, where you pay regular premiums, and the insurer pays a lump sum of money to your beneficiaries after your death. This money can be used for any purpose, such as paying off debts, covering funeral costs, or maintaining their lifestyle.

WHOLE LIFE INSURANCE

This is a type of permanent life insurance that lasts for your entire life, as long as you pay the premiums. It also has a cash value component that grows over time and can be accessed through loans or withdrawals. Whole life insurance is more expensive than term life insurance, but it offers guaranteed death benefits, fixed premiums, and tax-deferred savings. Whole life insurance is suitable for people who want lifelong protection and a savings element.

TERM LIFE INSURANCE

This is the simplest and most affordable type of life insurance. It provides coverage for a specific period of time, usually 10, 20, or 30 years. If you die within the term, your beneficiaries receive the full amount of the policy. If you outlive the term, the policy expires, and you get nothing back. Term life insurance is ideal for people who need temporary protection or have a limited budget.

FINAL EXPENSE INSURANCE

This is a type of whole life insurance designed to cover medical bills and funeral expenses when you pass. A Final Expense policy, also known as burial or funeral insurance, can help protect your family’s legacy after you pass to ensure they can handle the event financially.

Choosing the right life insurance policy for you depends on several factors, such as your age, health, income, goals, and family situation. You should consider how much coverage you need, how long you need it, and how much you can afford to pay.
At All You Need Insurance, we can help you find the best life insurance policy for your needs and budget. We represent multiple companies and offers you free, personalized, and unbiased quotes. Our team of experts is also available to answer any questions you may have and guide you through the process.

We do not offer every plan available in your area. Currently we represent eight organizations which offer over 50 products in your area. Please contact Medicare. gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.