Life Insurance
Making a decision on the right Individual Life Insurance policy in Pennsylvania usually depends on your goals and expected future. Whether you wish to pay off the final expenses and any estate taxes, provide an income for your beneficiaries, replace the income that is lost if you die, or give a charitable donation, we can help you choose the policy that will fit your needs at an affordable price.
Life Insurance Considerations
What is your biggest asset?
It's You - Yes, it's true!
It's not your house, or your 401K? It is YOU!
If you were to die today what would happen to your spouse, your children?
How long could they maintain your current lifestyle? 30 days? 30 years?
Let's get a plan in place today!
Individual Life Insurance can be important for:
- A source of savings: Some life insurance types can have a cash value if not paid out by the death benefit.
- Final expenses - life insurance can cover funeral and burial expenses.
- Income for dependents - a life policy can provide much-needed income for your dependents when you die. This is usually for a remaining spouse but can also be for children or another partner with a loss of income.
- Inheritance - a life insurance policy can act as an inheritance even if you don't have other substantial assets to pass on to your beneficiaries.
- Paying taxes.
- Making a charitable contribution.
What protection do you need?
For life insurance options in Doylestown, PA your age and health are generally the most important factors in determining the premium you will pay. The policies will be more affordable the younger you are, but you can purchase a policy at any age.
Term, Whole, or Universal Life Insurance - Your choice, your budget, your plan!
- Term - Coverage that lasts for a specific period of time—you choose the term (10 to 30 years) with coverage based on your family needs and your budget.
- Whole - Simple, lifelong coverage with guaranteed premiums designed to help those you care about take care of your family and final expenses.
- Universal - Flexible payments with permanent coverage that grows cash value to help meet your changing family needs during your lifetime and leave a legacy.
Term Insurance is generally the most affordable type of coverage. A term policy usually lasts between 10 and 30 years and pays only if a death occurs during the policy term. Most term policies provide no other benefits. Term life insurance policies are usually "level term," meaning the death benefit will remain the same throughout the policy's life. They can be decreasing term which means the death benefit decreases over the policy's term. When the policy term ends, you may or may not qualify for new coverage based on your health and your age, and the cost of a new policy may be too high to be affordable.
One advantage of Whole or Permanent Insurance is that the death benefit and premium will usually remain the same during the policy duration. These policies can also build cash value which may be withdrawn or loaned similar to a savings account.
Our agents guide you through the different types of Pennsylvania life insurance policies available and help you choose the policy that best fulfills your unique needs and goals.
Your family has unique needs and we have many options for you! Let's find out what you need to protect your family.
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