No one wants to imagine the unthinkable, but is your family adequately protected in the event of your death? If you don’t have life insurance, or if you don’t have enough life insurance, you could leave behind unpaid medical bills and funeral and burial expenses that your family simply can’t afford.
At West Florida Insurance, we can help with all your Lee life insurance needs, and we were here to help you choose the policy that’s best for you.
If you’re looking for the most cost-effective type of life insurance, term life insurance is the way to go. This type of life insurance provides coverage for a set number of years. If you live longer, the policy expires with no cash value.
Universal life insurance provides flexibility by allowing you to decide when and how much you pay your premiums. The more you pay, the fewer payments you’ll have to make. The payments cover the cost of the policy as well as an investment portion, which has a fluctuating interest rate.
Whole life insurance provides coverage for the rest of your life from the date that your policy is issued. The policy remains in effect as long as you pay your premiums. Unlike other like insurance, whole life insurance policies build cash value over time. You can use this cash for things like paying off a mortgage or sending your child to college. If you decide to cancel the policy for any reason, you’ll receive the cash surrender value.
Living without life insurance is a risk your family can’t afford. At West Florida Insurance, we can help you secure the coverage you need so your family can afford to pay for your final expenses and live comfortably. To request a life insurance quote or additional information, please contact us today.