Are you struggling to figure out the different types of life insurance?
There are many kinds and types of life insurance out there! Trying to understand all these types can be overwhelming.
Hi! I’m Chad McMahon from ‘Protect with Insurance’.
Today, I’m going to help you understand the different types of life insurance.
Your entire life is also often known as the final expense. You must have some cover such as mortgage protection, accidental policies, long term policies, and more. These are all final expense policies. This is the kind of life insurance that never expires. There are many variations of this.
Whole life policies generally offer five to forty thousand dollars in coverage, but there are always exceptions. These policies are usually pretty forgiving on health issues. In fact, many people above the age of sixty often opt for this policy.
They’re also looking for life insurance term policies, which is sometimes known as mortgage protection. Term policies have larger coverage policies and come with an expiration date, which is typically 10-30 years. There are always different variations of these policies. However, when it comes to life insurance policies, you are either looking at whole life policies or term policies. These are the most common ones.
So, have a chat with your agent to figure out what is the best fit for you, considering your age and specific needs. Many factors determine which life insurance policy you should opt for.
Again, this is Chad McMann from ‘Protect with Insurance’.
Click the button below for a free consultation and let me make the process easy for you.
If you are located in the Cottonwood, Sedona, Flagstaff or Prescott area and are looking for more information on affordable Life Insurance please don’t hesitate to contact us. Use the links below or call us directly at: (928) 323-0933.