There is no better time to consider your life insurance needs than right now. However, deciding which type of life insurance policy is right for you and your specific needs can be one of the most difficult, but important, decisions you will ever make.

Why Life Insurance Is Important

An effective life insurance policy is critical, especially when there are members of your family that rely on you financially. For example, in the event that you pass, your family will be able to pay for your funeral costs, as well as pay any bills or outstanding debt that you may have. This can also be used to continue paying for your children’s education, as well as protect your spouse’s retirement plan.

The Most Popular Types Of Life Insurance

In order to help you better understand your choices, here are the two common choices when it comes to life insurance policies:

  • Term Life Insurance- Term insurance policies are typically purchased in order to meet one’s temporary needs. For example, you may choose to use term life insurance to cover you until a particular debt is paid off, such as any bank or student loans. This type of life insurance plan is affordable, but is only effective in the short-term.
  • Permanent Life Insurance- Permanent insurance policies are designed to provide lifelong support. This particular policy will grow and accumulate in its value during its lifetime, providing your loved ones the ability to manage financially.

Many times, people will decide to invest in both term and permanent life insurance plans in order to meet their particular life insurance needs.

In order to ensure that you and your family are prepared, and that you have the appropriate life insurance policy for your specific needs, contact Brazelton Insurance Group today!