Whether you’re an empty-nester or a new parent have you considered a life insurance policy?
Whether you have a desk job or a job in the Florida heat, the value of a life insurance policy can be invaluable to your family should you have an untimely death. There are several type of policies to consider based on your goals including:
1) Term life insurance – provides coverage for a specified period of time
2) Cash value term life insurance – this type of policy builds cash value
3) Whole life insurance – this type of policy offers life long protection
Depending on your financial picture you may elect one plan over another. Some couples will purchase a term life insurance plan that will mature when they reach a certain age while others will maintain their policy for their lifetime. There is no right or wrong answer for which type of plan is the best.
A life insurance policy can pay for outstanding expenses such as credit card debt, car loans, mortgage and funeral expenses. A life insurance policy takes the financial burden off your loved ones. For more information and for help in deciding the best type of policy for you and your spouse please call any one of our three insurance agency’s in Naples, Ft. Myers and Port Charlotte. We would be happy to discuss the life insurance options and review the benefits of each.