Life Insurance

Securing a life insurance policy is one of the best monetary decisions you can make. The death benefit your loved ones may receive upon your death can help them handle the financial impact of your passing. It’s a simple way of leaving your family the support they need to stay on their feet when you’re no longer around.

Why Is Life Insurance Important?

Life insurance may provide crucial funds for your loved ones in case of your passing. This death benefit can be used to cover a mortgage, pay for a child’s education, replace lost income or handle end-of-life expenses. Without a policy, your family may face difficulties managing daily expenses, repaying debts or addressing unforeseen financial challenges.

What Type of Life Insurance Should I Get?

Each type of life insurance has its advantages. Selecting the best fit depends on your individual needs and financial goals. Policies generally fall under two main types:

• Term life insurance is a cost-effective option that may provide coverage for a fixed period, such as 10, 20 or 30 years. Once the term ends, the policy expires unless you renew, convert it to permanent insurance or purchase a new policy.

• Permanent life insurance may provide lifetime coverage as long as premiums are paid regularly. This type of policy includes a savings tool that allows you to borrow against the accumulated value if needed. This option is best for those looking for lifelong coverage or a way to build additional financial resources.

Explore Your Options

Discover affordable life insurance solutions at First Insurance Group. Our team of experts can guide you through the process of building your custom policy. Contact us today to get started.