WHAT DO YOU KNOW ABOUT LIFE INSURANCE?

There are three big questions that clients face when purchasing life insurance:  

  • Do I really need life Insurance?
  • How much life insurance should I buy?  
  • Which is the best type of life insurance for me?  

Buying life insurance can be a little stressful when you don’t know what you’re looking for.  Everyone needs some sort of life insurance.  The only way to figure out how much life insurance you need is to assess your financial responsibilities and your long term goals.  

There are three types of life insurance: term, universal, and whole life:

TERM INSURANCE

Term life insurance provides you with death protection for a stated time period, or term. 

Term insurance is one of the easiest and most affordable forms of life insurance. It was developed to provide you with temporary life insurance protection on a limited budget. Term insurance can be purchased in large amounts for fairly low premiums; this makes it a great choice for short-term goals like insurance coverage during the child-raising years.

UNIVERSAL LIFE INSURANCE

Over the past 20 years universal life insurance has become one of the most popular forms of level life insurance.
 
Universal life insurance offers families permanent protection with flexibility.  Like whole life insurance (and unlike most term), universal life features cash-value accumulation, yet you have the flexibility to modify your premium payments, which can be a big help if you come up against unexpected expenses.

WHOLE LIFE INSURANCE

For over 100 years whole life insurance has provided families with guaranteed death benefits.


Whole life insurance provides guarantees to whomever buys the policy.  No matter what happens in the future, your premiums, cash accumulation and death benefit are guaranteed.  No matter what life has in store for you and your family you can rest assured they will always be taken care of.

Legacy Insurance & Retirement is dedicated to finding you the policy that best fits your family’s well being. We believe in the value of family and want to make it easy for you to feel secure no matter what happens tomorrow.