Life Insurance
Life insurance can play an important role at nearly every stage of your life especially if you have children or other people with whom you share your life and depend on you.
We at Catalli Insurance Brokers can explain all your life insurance options and assist you in making a smart and informed decision buying life insurance. Call us today and we will let you know how much to buy, which type of life insurance coverage to buy, and let you know the best company that will protect your future.
Life Changes – So Should Your Policy
Your need for life insurance is dependent on your personal and financial needs. As your life changes, your life insurance coverage may need to change as well to adapt to your current needs. Some life changes that may require a policy “tune-up” include:
- You recently married or divorced
- You have a new child or grandchild
- Your health or your spouse’s health has deteriorated
- You are providing care or financial assistance to a parent
- Your child or grandchild requires assistance or long-term care
- You recently purchased a new home
- You are planning for a child or grandchild’s education
- You are concerned about retirement income
- You have refinanced your home mortgage in the past six months
- You or your spouse recently received an inheritance
Types of Life Insurance Policies:
There are several different types of life insurance products available. The most common include:
Term Life Insurance
Term provides life insurance protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than permanent life insurance, and is available in varying term periods with fixed premiums from a one- (annual renewable term) to 20-year period (level term). Furthermore, term insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.
Types of Term Life Insurance
Permanent Life Policies:
Whole Life Insurance
Whole life is a form of permanent life insurance that remains in force during the insured person’s lifetime, provided premiums are paid as specified in the policy. Whole life insurance can build cash value.
Universal Life Insurance
Universal life is a form of permanent life insurance characterized by its flexible premiums, flexible face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.
Types of Permanent Life Insurance
Talk with us today to identify the best protection for you. We can help make sure your life insurance continually meets your needs.
Some questions to consider:
Why should I buy life insurance?
How much life insurance do I need?
What are the principal types of life insurance?
What is a beneficiary?
What are the types of term insurance policies?
What are the different types of permanent policies?
Why should I purchase permanent insurance?
How should I choose what type of life insurance to buy?
How do I pick a life insurance company?
How can I assess the financial strength of an insurance company?
How can I save money on life insurance
What is “burial insurance”
Should I buy life insurance on my child’s life?
Do “empty nesters” need life insurance?
How often should I review my policy?
