Having a life insurance policy is one of the best ways to help provide financial support for your family even after your death. There are many different types of life insurance, so it’s important for you to work with a trusted insurance broker when you want to get a life insurance policy.
At Life Insurance by Monique Navarro, we help our customers pick a life insurance policy that has the benefits and coverage options they want at an affordable rate. Since we are insurance brokers, we can shop around at the best life insurance providers in Grandview for the best possible policies. We are licensed, insured, and bonded.
Our team of highly trained agents is dedicated to providing you with the best experience. We will walk you through the different policy types so you understand exactly what your policy benefits are.
If you’re looking for an affordable insurance policy, you should consider a term life insurance policy. These policies only provide coverage for a set time, but it’s the most affordable option.
Term life insurance in Grandview is a temporary life insurance policy that lasts for up to 30 years. A term life insurance policy pays a death benefit to the beneficiary if the policy holder passes away within the policy timeframe.
If the policyholder of a term life policy lives beyond the life of the policy, they will have to purchase a new policy. It’s possible to convert a term life policy to a permanent life policy if you decide you want more coverage at a later time.
Many life insurance policies require the policyholder to undergo a medical evaluation before the policy can begin. Most final expenses life insurance policies in Grandview do not have this requirement.
You should consider a final expenses policy if you want to provide coverage for your end-of-life expenses without taking a medical exam. Many people find peace of mind with one of these policies because they know their family will not be financially burdened by medical bills or burial costs.
There are many different types of policies that fit under the umbrella term for permanent life insurance. The different policies have different benefits and coverage options. These plans will cover the policyholder for the remainder of their life, so long as the premium is paid.
Whole life insurance provides consistent premium costs and a death benefit that won’t change or expire as the policyholder gets older. These policies build a cash value the longer the policy is in effect.
Having a life insurance policy with a cash value can be very beneficial. Policyholders are able to borrow against the cash value of their policy. Many people use this benefit as an emergency fund. It can also be used to pay off debts, like personal loans or medical debt.
You should consider getting whole life insurance in Grandview if you want your policy to have a cash value without expiring. It’s important to note that borrowing against your cash value could affect the death benefit.
Universal life insurance in Grandview is similar to whole life insurance, but it has a few more benefits. Premium payments are used to make investments in the stock market. These investments add to the policy’s cash value and earn interest. Interest earned can be used to pay for the policy premiums.
For help choosing a life insurance policy, call Life Insurance by Monique Navarro at (682) 249-4190. You’ll get a free, no-obligation quote that meets your life insurance needs.