Having extra security can be important whether you’re married with children, have a partner, or have other family members who financially rely on you. When you die, your life insurance policy pays a cash pay-out to your chosen beneficiary, which is known as a death benefit. Life insurance is designed to help protect your family’s financial future. Regardless of whether you have investment assets, it can’t be sufficient to meet your family’s expenses for a long time, if something unexpected happens to you. Rick Tinker Insurance Agency has a reputation for providing high-quality protection and exceptional customer service. Our company is dedicated to providing our customers with life insurance protection at reasonable prices, as well as exceptional customer service that is worth every money. There are three types of life insurance to consider: term life, whole life, and all-inclusive life.
Let us discuss below in detail:
Term Life Insurance
This type of disaster insurance covers you for a specific period, usually 10, 15, 20, or 30 years. Inclusion ends near the end of the semester.
Whole life insurance
This type of life insurance does not expire as long as the charges are paid. It also includes a money value component with growth potential. You can also benefit from the money value, but advances or withdrawals may result in a personal assessment obligation, lower the money value and passing advantage, and cause the plan to fail.
Universal Life insurance
This type of life insurance is similar to whole life insurance in that it does not expire as long as the premiums are paid, and it also includes a cash value component. You usually have the flexibility to adjust the premium and passing advantage with an all-inclusive life strategy.
If your family is living in Pasadena, TX, Friendswood, TX, Houston, League City, Galveston, Manvel, and the surrounding areas, we can help you choose the best life insurance policy for your needs. You can contact us at 281-484-7158 now!