Do you need assistance with life insurance coverage?
Deciding on the right individual life insurance policy usually depends on your future goals. Whether you wish to provide a tax -free income for your beneficiaries, have funds for the payment of the final expenses or estate taxes, replace the income that is lost if you die, or provide a significant charitable contribution, we can help you choose the policy that will fit your needs at an affordable price.
Generally, age and health are the most important factor in the premium you will pay. Although you can purchase a policy at any age, the younger you are, the more affordable the policies will be.
All life insurance policies are designed to pay a benefit when someone dies. The two most common types of life insurance are Term and Whole (or Permanent) policies. Our agents at Paul Diaz Insurance Agency can guide you through the different types of life insurance policies available and help you choose the policy that will best fulfill your unique needs and goals.
INDIVIDUAL LIFE INSURANCE CAN SERVE AS A MEANS FOR:
A source of savings – If not paid out by death benefit, some types of life insurance can have a cash value.
Final expenses – Using life insurance to pay for funeral and burial expenses
Income for dependents – A life policy can provide much needed income for your dependents when you die. Many times this is used for children, but can also be used for a partner that has a loss of income.
Inheritance – Using a life insurance policy as an inheritance even if you don’t have substantial assets to pass on to your beneficiaries.
Making a charitable contribution