People buy auto insurance because the state of Texas requires it by law. People buy homeowners insurance
because the mortgage company requires it. Life Insurance is the foundation of your family's financial security. It protects you
and your family against the financial uncertainties of life. Buying life insurance is
an easy way to protect your family after you're gone. People buy life insurance because they love someone and want to protect them.
Grandparents buy life insurance on their grandkids so that the child will have life insurance coverage for his/her life. Couples
buy life insurance
each other so
that one can continue to live in the same standard of life. Business owners buy life insurance on each other to protect their investments.
What is Life Insurance?Life Insurance pays a benefit upon the death of an insured person.
- Term Life Insurance
- Term Life Insurance provides coverage for a specific period of time (term). If the insured
dies during this period, the beneficiary receives a lump sum of money, tax free. Term Insurance is perfect for young families with
a limited budget where as much insurance as possible is needed to protect the family's financial well being. Term Insurance is ideal
for some business situations such as buy/sell agreements, for mortgage coverage, or to fulfill other temporary needs.
- Whole Life Insurance
- Whole Life Insurance is for long term situations and provides permanent coverage with level premiums and a guaranteed death benefit amount. It
is not subject to investment gains and losses. The policy gains cash value over time.
Though coverage is life-long, you do not have to pay premiums for life. You can determine the number
of payments you wish to pay.