The purpose of life insurance is to protect your family in the event of your (or the breadwinner’s) untimely death. Other than permanent whole life insurance, we offer term life insurance. Whole life often has cash value, and can be used as a form of saving. On the other hand, term life usually costs significantly less in premium, but can be used for more specific goal. Two examples are final expense, and mortgage protection.
Final Expense Insurance and Long-Term Care
Your family will always come first. You wouldn’t want them to bear huge and unexpected financial burdens at the time of your passing. No matter what your age is, it’s absolutely essential to have a plan in place to protect your loved ones when you are no longer able. Final Expense insurance will pay for your funeral service, bills and other associated costs.
Long-Term Care Insurance gives you the financial means and the support options you desire. Whether you require in-home visits, assisted living or skilled nursing care, long-Term Care Insurance lifts the burden from those around you, improving the quality of life for yourself and for everyone you hold dear.
What happens if an accident results in your (breadwinner’s) death? Do you have the protection for your family? Are they going to be kicked out of your home because they no longer are able to pay the monthly mortgage? You can get a term insurance that is specifically designed for this situation.