Life Insurance Comparison: Term or Whole Life?
If you're a life insurance policyholder, or even just someone who is interested in getting one, there are a few key things you need to know about the type of life insurance you should buy. However, many people don't know where to start when they see the complexity involved. That's why we're compiling this blog post that will guide people through the whole process of finding different types and prices of policies, as well as how to compare them. So let's get started!
Term insurance: covers a specific number of years for a set amount. This type is cheaper and has shorter payouts than whole life insurance policies but it doesn't offer any benefits once it's up. Term insurance is usually recommended for people who don't think they'll need life insurance in the future.
Whole life insurance: this policy remains active for your whole life and it's more expensive than term life. However, it has a lot of benefits that have set interest rates on the money you set aside. One advantage to this type of plan is that the longer you keep it, the more money you will be entitled to use when you need it. In addition, some policies provide secondary benefits such as rider options that can add a few thousand dollars onto your overall payout amount if something happens to you or your spouse during your lifetime.
Which type of life insurance is better?
You might be tempted to go out and get a whole life plan since it's a little pricier but that's not always the best option. In fact, according to an article from The Motley Fool, term life plans are more accessible to consumers and they have a lot of key advantages over whole life plans. For instance, the term life plans tend to be less expensive than whole life plans because you're not paying premiums for coverage that you don't need. But perhaps more importantly, the reasons why people buy term policies is different from why people buy whole life policies. Sixty-one percent of consumers say they get a term plan to protect their family in case they die early on in their lives, while only 49% of consumers say the same for a whole life plan. Additionally, people who have already bought a term policy might want to consider adding more years to it since it's cheaper and more accessible than buying additional whole life coverage.
Every case is different so it's important to discuss your options with an insurance professional before purchasing a policy. But whether you decide on term or whole life, Life Insurance Central will help you find the plan that fits your needs. Our goal is to help you find the best policy at the lowest price, which is why we have generated a list of quotes for consumers to compare before making any final decisions. We want consumers to feel free to shop around and compare plans so that they can find one that will give them the most value while still staying within their budget.
We understand how important it is to take care of your family after you're gone. That's why we've created this website and made it available for everyone who needs assistance when looking for a life insurance policy in California . Our site is dedicated to helping people find a policy that's perfect for them because we know how important it is and we're happy to help you get started.
We'd love to hear what you think, so feel free to make any recommendations or suggestions. We thank you for visiting and hope you have a great day!
If anyone would like a free quote on life insurance please send an email to:
info@lifeinsurancecentral.net
Feel Free to contact our offices at 1-800-805-2831 or visit us at www.lifeinsurancecentral.net
Suppose this very day, before sunset, one of your beloved ones will die... Will your financial worries be over? The answer to this important question is - No, because the moment of death is not the end of the world. You might be shocked to know that even when someone dies before sunset, there are no legal requirements for transferring his or her power of attorney. That means that you can appoint somebody else to manage your affairs in case something happens to you or if you are unable to take care of your affairs because of illness or other reasons. Even if your loved one does not have a Power of Attorney, his or her assets won't become yours automatically without his/her will and consent. In this case, you might need to follow certain procedures. Our firm can help you get these documents quickly and easily.
At Life Insurance Exchange, our lawyers have the experience to help you through the difficult process of obtaining Power of Attorney. We also provide experienced estate planning and probate planning services for those who want to ensure their affairs are in order should an unfortunate event happen. To learn more contact us at 1-800-805-2831 or send us an email: info@lifeinsurancecentral.net
If this is not a suitable time for you, feel free to call us at (888)805-2831 or (310)477-2831 or visit us at www.lifeinsurancecentral.net
If you are looking for a reputable life insurance company that offers great rates, please call us today at (888)805-2831 or (310)477-2831 or visit us at www.lifeinsurancecentral.net
Life Insurance Central Inc. is an Independent Agency that specializes in quality life insurance products from over 30 of the nation's leading Life Insurers. We offer FREE, no-obligation quotes and offer a variety of plans to fit most individuals and businesses needs.
Contact Information: Life Insurance Central Inc., 310 South Lake Avenue, Suite 511-312, Pasadena CA 91101 1-800-805-2831 or (310)477-2831 info@lifeinsurancecentral.net
Life Insurance Central is an independent agency established in 2009 specializing in approaching people that want to buy a life insurance policy but they are not able or not willing to do it directly through the company they are planning to subscribe. We are also called "Boutique Broker" because we work with a limited number of insurance companies. Our approach is quite different as we facilitate the purchase process through our network of hundreds of accredited agents and brokers who represent over 30 insurance companies. This way, our customers can have the best coverage at low prices and cutting their insurance costs by up to 25% compared to direct insurers.
Life Insurance Central and its brokers will take the time to research, compare and review hundreds of plans to find a policy that is tailored exactly for you or your business. We locate the plan with the best quality to cost ratio for your needs taking into consideration factors such as: life expectancy, health and lifestyle. When you work with us, you can be sure that your plan will provide peace of mind from unexpected events and at a reasonable price. Contact us today!
Life Insurance Central Inc. (LIC) provides independent life insurance quotes with SOLID PLANS from PROVEN COMPANIES at a DESCRIBED PRICE. LIC has offices in California, TX, New York and Georgia.
Conclusion
Life Insurance Central is an independent agency established in 2009 specializing in approaching people that want to buy a life insurance policy but they are not able or not willing to do it directly through the company they are planning to subscribe. We are also called "Boutique Broker" because we work with a limited number of insurance companies. Our approach is quite different as we facilitate the purchase process through our network of hundreds of accredited agents and brokers who represent over 30 insurance companies. This way, our customers can have the best coverage at low prices and cutting their insurance costs by up to 25% compared to direct insurers.
Life Insurance Central Inc.