Life Insurance by Monique Navarro is an independently owned and operated insurance agency. Our team is composed of highly trained and dedicated agents who can help you get a life insurance policy that fits in your budget.
We will help you understand the different types of life insurance so you are able to get the most benefits out of your life insurance policy. Since we are insurance brokers, we are able to work with the best life insurance providers in Keene to get great coverage at the lowest possible rates.
There are several different types of life insurance available. The two most common forms of life insurance are whole life and term life insurance. These policies have different benefits, lengths, and prices.
A policy for whole life insurance in Keene is a permanent life insurance policy. It’s beneficial to have a permanent life insurance policy if you want to ensure your coverage won’t end once you reach a specific age.
Whole life insurance policies provide a death benefit at the time of the policyholder’s passing. They also build cash value over the life of the policy. Policyholders are able to use their cash value once the policy reaches a certain value.
If you want to use the cash value of your whole life policy make sure you speak with your insurance broker first. We can help you tap into your cash value without creating a tax burden or lowering your death benefit.
A term life insurance in Keene will only last for a specific period of time. Term life policies are available for as little as a year or as many as 30 years. While the policy doesn’t have a cash value like a whole life policy, the premium rates are much lower.
Term life insurance policies might have a cash back or return of premium option. They can sometimes be extended or converted to whole life coverage upon the conclusion of the terms of the original policy.
A policy for universal life insurance in Keen is similar to a whole life policy, in that the policy is a permanent policy that builds cash value. These policies provide the policyholder with more flexibility.
For example, policyholders are able to pay their universal life premium with interest earned from the policy’s investment in the stock market. The death benefit can also be adjusted to include more or less coverage. As time goes on, you may decide to reduce your death benefit and lower your premium cost.
Final expenses life insurance, also known as burial insurance, is a good option if you are older or have a medical condition that prevents you from obtaining other forms of life insurance.
A final expenses life insurance policy in Keene will provide funds to cover your end-of-life expenses. Your beneficiary can use the funds to pay for burial costs, outstanding debt or medical bills, and more.
While these are not a low cost life insurance option, aplan like this could give you peace of mind that there won’t be a financial burden on your family after you pass.
To get help finding the best life insurance policy to protect your family, call Life Insurance by Monique Navarro at (951)710-0799.