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products and services online insurance quotes about us our staff what is a cpcu? what is a clu? contact us| Life insurance |  |
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Life insurance is an invaluable monetary resource for your family in the event of your death.
A good life insurance policy is part of a sound financial plan. Premiums are calculated based on factors
such as your age, tobacco use, physical fitness, occupation, and the size of the life insurance policy
you choose. Types of life insurance Term life - offers monetary protection to your family for a specified number of years. This policy executes if you die during the coverage period. Whole life/permanent - offers unending monetary protection to your family as well as builds cash value. These policies may or may not pay a yearly dividend. Universal life - this type of policy is interest rate sensitive and allows the policy holder to adjust the death benefit and/or premium. The policy owner may borrow against the policy's cash value. Variable life - ties the cash value of the policy to the performance of the financial markets. Funds are invested in an option you choose. This type of policy is somewhat risky as the value of the policy can fluctuate up or down depending on the result of particular investments made. Life insurance is a significant financial investment. When choosing the policy that is right for you make sure you shop for the best deal. When shopping make sure you consider the amount of insurance you really need, and purchase riders that can offer additional coverage if and when you need them. Additionally, it is to your benefit to shop for a policy while you are in good health. If your employer offers a group life insurance program, it is most likely to your benefit to opt in. Look at more than one policy when shopping. The benefit of using an independent agency like The Pfenninger Agency is that we shop and compare life insurance plans continually. This enables us to help select the best plan for your situation at the best price. With life insurance premiums at their lowest prices in a number of years, there is no better time to protect your family's future. |
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