What life insurance plan is right for you and your family?

Jan 23

Life insurance is an important aspect of financial planning for many people. It provides financial protection for your loved ones in the event of your unexpected death. However, many people are unsure about what type of life insurance to purchase, how much coverage they need, and how to go about getting it.

One of the most important things to understand about life insurance is that there are two main types: term life and whole life.

Term life insurance provides coverage for a specific period of time, such as 10, 20, or 30 years. It is typically the most affordable option and is a good choice for those who have a specific need for coverage over a certain period of time, such as to pay off a mortgage or provide for children's education.

Whole life insurance, also called permanent insurance, provides coverage for your entire life and also includes a savings component that can accumulate cash value over time. This type of insurance is typically more expensive than term insurance, but it can provide a source of savings and investment that you can access while you're alive.

When deciding how much coverage to purchase, it's important to consider your current and future financial obligations, such as outstanding debts and the cost of raising children. A general rule of thumb is to purchase enough coverage to replace your income for at least 10 to 15 years.

Evers Insurance can help you determine how much coverage you need and the type of policy that best suits your needs and budget. Our experienced agents will guide you through the process and help you find the best options for you and your family.

In addition to helping you select the right policy, Evers Insurance can also help you with the application process, answering any questions you may have and providing all the necessary forms.

Don't put off purchasing life insurance any longer. Contact Evers Insurance today to learn more about the options available to you and to get started on securing the financial future of your loved ones.