Getting a life insurance policy can protect your family. If you’re interested in finding a life insurance policy with benefits and coverage to meet your specific needs, call Life Insurance by Monique Navarro.
Our well-established independent insurance agency works with the leading life insurance providers in Newark to get you top-notch coverage at the lowest rates. We are licensed, insured, and bonded. Our team is highly trained and committed to helping you navigate the different types of life insurance so you get the best policy possible.
If you’re looking for a life insurance policy with a low premium, you should consider term life insurance in Newark. Term life policies cover the policyholder for a set amount of time. There are death benefits that are payable if the policyholder unexpectedly passes away within the term limits.
The term limits for your specific life insurance policy can start at just a year or go all the way up to 30 years. The price of your policy will depend on the length, your age, your health, and the amount of death benefit you want included.
Final expenses life insurance is available for people who are older or may not qualify for a term or permanent policy. They’re also good for people who want to avoid a medical exam or have a preexisting health condition.
A final expenses policy, also called burial insurance, will help your family pay for your burial costs, final medical expenses, legal fees, and more. Consider a policy for final expenses life insurance in Newark if you want to have coverage for your end-of-life expenses.
Unlike a term life policy, a whole life insurance policy is a permanent plan that lasts for the duration of the policyholder’s life, so long as the premium is paid for. Whole life insurance in Newark has set premiums that won’t increase as the policyholder ages.
In addition to the set premiums, the death benefit of a whole life insurance policy is fixed and will not decrease over time. Whole life policies also build a cash value over time.
Policyholders can choose to borrow from the policy’s cash value if they have an emergency or want to pay off debts, like medical bills or a personal loan. Borrowing from the cash value can decrease the death benefit or incur taxes, so be sure to work with your insurance broker to get the most beneficial use out of your policy.
If you like the idea of whole life insurance, you might also want to consider universal life insurance in Newark. A UIL policy offers the most flexibility of any life insurance policy—both the premium payments and the death benefits are flexible.
Universal life insurance policies earn interest through investments in the stock market. Policyholders can choose to use the interest to pay for some or all of their policy payments, thus lowering or eliminating the payment cost.
The death benefits could also be increased or decreased throughout the policy. Decreasing the death benefit of a universal life insurance policy could decrease the policy’s premium.
Call Life Insurance by Monique Navarro to get help comparing life insurance policies at (682) 249-4190. We’ll provide you with a free quote and review all of your policy options and benefits.