Life Insurance Information
Life insurance is among the most essential insurance coverages to have. Few things are more important than the safety and security of your loved ones. Life insurance can help assist your family financially for years following your passing.
What Are the Types of Life Insurance?
There are many different life insurance policies from which you can choose. However, life insurance policies typically fall into one of the two following types:
· Term life insurance plans last a set number of years. You pay a premium for a period of time, and if you die during that time, the policy pays a cash benefit to your family (or anyone else you name as your beneficiary).
· Whole-life insurance policies remain active indefinitely as long as you pay your premiums. Many offer cash accumulation and interest benefits. When you die, your beneficiaries will receive a set death benefit.
To learn more about which policy might be the best fit for you, contact the agents at Killingsworth Insurance.
How Much Life Insurance Do I Need?
Life insurance needs vary significantly among policyholders. Although it is not legally required in Florida, life insurance can help support your loved ones for many years after your passing. You should figure out how much life insurance to have by estimating how much financial support your dependents will need after you pass away. This amount can vary significantly depending on factors like age and occupation, but it is never too early or too late to start considering potential life insurance policies.
Contact Our Agency
If you live near Brooksville, Florida, the agents at Killingsworth Insurance can help you learn more about life insurance and potential policy options to start considering.
For more information, contact our agency today at 352-796-1451.