Life Insurance Policy for Security and Peace of Mind
Like most topics relating to death and finances, life insurance policies can sometimes be uncomfortable to consider. At Breedlove Insurance Agency, we strive to create a welcoming and open environment for our clients to consider their options in protecting their loved ones after death. Virtually everyone who has others who depend on them should consider a life insurance policy. This type of insurance can provide financial stability to loved ones after death, help pay for final expenses and much more. With more than 19 years of experience serving clients in Oro Valley, AZ, and Santa Fe, NM, the team at Breedlove Insurance Agency is prepared to help you find the right life insurance policy for your family. Contact us to schedule an appointment today.
How Life Insurance Makes a Difference
Life insurance policies are unique in that they pay out a claim for the insured after his or her death. This type of policy is intended to assist an individual’s beneficiaries financially. This type of policy can help with finances immediately following a death and can also help beneficiaries with expenses years in the future.
Advertisements for life insurance policies are everywhere. Choosing an experienced, licensed agent can give you peace of mind when making with this sensitive and important choice. Sherry Breedlove is experienced in the various life insurance policies available to clients in Oro Valley and Santa Fe. She can help you explore the different types of life insurance policies and life insurance companies available to you.
Choosing a Type of Life Insurance Policy
The type of life insurance policy you choose depends on a number of factors:
- Your age
- Your planned retirement age
- How many dependents you have, including your spouse, children, grandchildren, family and other loved ones
- Your income
- Your lifestyle and your dependents’ lifestyle
- Your health
Life insurance is surely not a one-size-fits-all solution. There are two main types of policies to consider:
Term Life Insurance
Term life insurance is designed to provide life insurance during a certain period of time – usually 10-40 years. It does not involve investments, but rather guarantees a set payout. This type of life insurance carries a lower premium than permanent life insurance policies. If the insured person dies during the term life insurance period, then his or her beneficiaries will receive a claim or “death benefit.” This death benefit can help with final expenses, supplement lost wages of the deceased and help pay for planned expenses in the future, such as college tuition and more.
If the insured party does not die during the term life insurance plan, this type of insurance is lost. Many Breedlove Insurance Agency clients who choose a term life policy do so because they want to ensure that their lost wages or current financial contribution during the policy period will not serve a huge financial blow to their beneficiaries.
Permanent Life Insurance
Permanent life insurance plans work as their name implies, until the insured person dies. These types of plans carry a substantially higher premium and usually are funded at least partially through investing. There are several types of permanent life insurance to consider, including whole life insurance, universal life insurance, and variable life insurance.
The team at Breedlove Insurance Agency can help you determine if a permanent life insurance policy is best-suited for your family’s needs.
Creating a Plan for Your Family’s Future
At Breedlove Insurance Agency, we are truly passionate about helping our clients feel financially secure when the unexpected happens. Contact us today to schedule an appointment in Oro Valley, Santa Fe and surrounding communities to learn about how we can help you choose and maintain a life insurance policy and facilitate your family’s death benefit.