The most difficult call we receive is one informing us that a client has passed. Having to tell a clients family member that they turned down life insurance is even tougher. Providing for your family after your death isn’t something you should have to worry about. After your death, life insurance will provide your family with the financial stability they need, which can help them pay for burial costs, living expenses, education, and bills. There are various life insurance policies you can choose from, and we offer them here at Insure Texas LLC. These benefits can also be received while you live via accelerated benefits and cash values.
Life insurance is not required in Texas. However, it is highly recommended. If you don't have savings or a life insurance plan while alive, your family could be stuck struggling to pay for burial costs and much more. Always consider your age, financial situation, and if you have anyone who depends on your income when shopping for life insurance.
There are various types of life insurance policies that can help keep your family protected. They fall into term and permanent categories.
This is life insurance coverage only for a certain length of time or term. Typically, these policies can range anywhere between 10 and 30 years. Sometimes they are considered pure life insurance since these policies have no cash value. They were created specifically to give your family a payout if you happen to pass away during the term.
This is the simplest type of permanent life insurance. This provides you with coverage for the entire duration of your life. Additionally, it includes a cash value component, meaning a portion of your permanent would be placed into a cash-value account. Over time, this sum will grow on a tax-deferred basis.
This is another type of permanent insurance that offers cash value and coverage benefits you can receive for a lifetime. However, these premiums are more flexible compared to whole life insurance.
To obtain a quote for life insurance, don't hesitate to contact Insure Texas LLC. We are located in Katy, TX and serve clients across our great state of Texas.
