Venus Life Insurance
Life Insurance by Monique Navarro can help you get a life insurance policy that fits your needs and protects your family, no matter your life stage. We’ve helped customers who are just starting out on their own, beginning a family, or entering the later stages of life.
Our well-established and reputable insurance agency is locally owned and operated. We’re licensed insurance brokers, which means we can compare policies and rates from the top insurance providers in Venus.
There’s no better time to call than now if you need help picking a life insurance policy. Our team is dedicated to helping you understand the different types of life insurance so you can get the best coverage possible.
Different Types of Life Insurance
Choosing a life insurance policy can be difficult because there are several types of life insurance, and every policy can be slightly different. Our team will help you understand the advantages and drawbacks of each type of life insurance, including:
- Whole Life Insurance
- Universal Life Insurance
- Term Life Insurance
- Final Expenses Life Insurance
Each type of insurance will have a different price point and provide different coverage. We’re here to help you find which one works best for you.
Whole Life Insurance
Whole life insurance is permanent life insurance, meaning it will last throughout the policyholder’s life. The policy premiums are fixed and will not increase as the policyholder gets older. Additionally, the death benefits are fixed and will not decrease as the policyholder gets older.
A whole life insurance policy in Venus will build cash value over the life of the policy. Policyholders are able to withdraw or borrow against the cash value. Many people see the benefit of having a policy with cash value because they could use the funds in an emergency, or like a savings account.
Most whole life insurance policies require the applicant to complete a health questionnaire or medical exam. Premiums are based on the applicant’s age, exam results, and the coverage amount.
Universal Life Insurance
Universal life insurance policies in Venus are similar to whole life insurance; however, they provide more flexibility. These plans also build a cash value, and they earn interest. Policyholders can use the interest earned to pay for their premiums. The interest could reduce or eliminate some of the premium payments.
The death benefits in most plans can only be increased; however, with a UIL life insurance plan, policyholders can decrease their death benefits as they age. This is a good benefit because as you age, you typically won’t need as high of a death benefit as when you were younger.
Term Life Insurance
Term life insurance in Venus is a great low cost life insurance option. These plans are not permanent, but cover the insured for a specific amount of time or the policy’s term. Policy terms can last from one year to 30 years.
While there is no payout at the end of the term, some policies may include a cash back or premium repayment option. This option gives a portion of the premiums paid back to the insured, which is a great savings opportunity.
Final Expenses Life Insurance
If you find it difficult to qualify for life insurance, you should consider getting final expenses life insurance in Venus. These policies are geared for people ages 50 and up, or those with a medical condition. The policy will help pay for end-of-life expenses, like burial costs.
Call Life Insurance by Monique Navarro to get a free, personalized quote for life insurance – (682) 249-4190