Life Insurance

What Kind of Life Insurance Do I Need?

You may have seen commercials on TV advertising these new low rates on term life, but it can be difficult to know what insurance company to use. Instead of wondering if term life is even the correct type of coverage, get the information you need from our experts.

Call us today at 1-800-767-3161 to schedule a one-on-one consultation to help you get started.

 

Term Life Insurance

Term life comes in many different forms, and as the name implies, it protects you for a set term of time. The coverage can be flat (the same benefit and premium every year) or decreasing (the benefit decreases over time like in mortgage insurance).

 

Whole Life Insurance

Whole life will provide a death benefit until the holder dies at any age. This type of coverage typically costs more but offers guarantees and cash-value, or an amount of money you can trade in the policy for at any time. As you pay into the policy, the cash value increases– and with a carefully constructed policy, you may be able to stop making premium payments in the future.

 

Variable Life Insurance

This is a type of cash-value coverage where your premium payments are invested in sub-accounts, similar to mutual funds. Variable life insurance lets you participate in the market in a way that can alter your premium payments. It’s not an annuity; rather, it’s designed to provide a guaranteed level of coverage.

 

Get a Life Insurance Quote

Speak to a specialist at Caton Hosey today by completing the form on the right or calling us directly at 1-800-767-3161.