Your life is precious; not only for you but also for the people you surround yourself with every day. Life insurance is designed to protect your loved ones and those who rely on you financially should you pass away. Consider the following example:
A young man in his early 30s passes away in a car accident, leaving behind a wife and two young daughters. His surviving, stay-at-home spouse not only faces funeral expenses, but also a mortgage, car payment, student loan debt, and some credit card debt. She is forced to sell the family home, place the children in daycare, and go to work to support her young family. Her dreams of paying for her children’s college education and weddings are diminished, and she faces bankruptcy in the wake of her debts.
When dependents lose a primary source of income, their worlds are upended in more ways than one. If your own dependents suddenly lost you, would they be financially secure?
Life insurance provides peace of mind and long-term financial security for your family – even if you are not around to take care of them. At Terp Family Insurance, we can help you find insurance specific to your needs. Some of the policies we offer include:
Term Life Insurance
Term life insurance offers a high-value death benefit and a low, affordable premium. The policy typically expires in 10 to 30 years and is often used to provide income security during the working years. Term life insurance can offer benefits of up to $1 million or more.
Whole Life Insurance
This type of policy offers both a death benefit and living benefits. The death benefit is less than that of a term life policy, and premiums tend to be higher. However, the policy never expires and instead accumulates cash value over time. Many people view whole life insurance as a source of savings for the future.
Whether you are newly married, have a child, or have a business partner who relies on you for income, we can help you find the life insurance plan that is right for you.
