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Life Insurance Overview

Taking out life insurance is an important and necessary step for everyone but one that is often confusing and uncomfortable. With Advantax & Insurance it doesn’t have to be. We can guide you to the best type of policy for you.

There are two main types of life insurance:

1) Term Life Insurance is purchased for a specific time period normally from 5 to 30 years and provides death benefits while the policy term is in effect. You can also renew the term and convert it into whole life insurance.

2) Whole Life Insurance covers you for the duration of your life and pays death benefits as well as its accumulated cash value. This type of policy usually requires a health examination, although for a higher cost it can be purchased without one. Although its premiums are more expensive than those for term life insurance policies,’ it offers more benefit especially if active for many years.

Insurance You Can Depend On

It is important to understand your needs before researching life insurance options. This kind of coverage is intended to replace income that would be lost with the death of a wage earner.  In order to determine how much coverage is enough you should gather personal financial information and review your family’s specific needs.

Different people suit different types of coverage and can even choose to combine term life and whole life insurance for a custom solution to their life insurance needs.

Let Advantax & Insurance walk you through the benefits of each policy and help you to choose the one or combination for you. For a free consultation call us today.

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