Watauga Life Insurance

Having the right amount of life insurance coverage is one of the best ways to protect your family. Call the dedicated team at Life Insurance by Monique Navarro to find the best life insurance policy. We’re a well-established and reputable license insurance agency. Our company is licensed, insured, and bonded.

When you work with one of our licensed agents, you’ll be able to see policy comparisons from the top life insurance providers in Watauga. Since we’re insurance brokers, we can help you find low cost life insurance with the best benefits and most coverage.

Different Types of Life Insurance

Picking a life insurance policy can be confusing since the policies have different coverage amounts, lengths, and other benefits. When you work with the team at Life Insurance by Monique Navarro, we’ll help you to compare policies and understand the benefits of each policy. You’ll be able to look at the following types of policies:

  • Whole Life Insurance
  • Universal Life Insurance
  • Final Expenses Life Insurance
  • Term Life Insurance

The rates for these policies will depend on the applicant’s age, type of policy, and policy coverage amount. Some life insurance policies require the applicant to answer a health questionnaire or undergo a medical evaluation.

Whole Life Insurance

A policy for whole life insurance in Watauga has many great benefits. The policy premium will not increase as the policyholder ages, and the death benefit will not decrease. Additionally, whole life insurance policies build cash value throughout the policy’s life.

The cash value of a whole life policy can be borrowed to help the policyholder. Many people use these funds in the event of an emergency or to pay off personal loans or other debts.

Whole life insurance policies are permanent insurance policies. This means that so long as the premiums are paid, the insured will have coverage that doesn’t expire.

Universal Life Insurance

A policy for universal life insurance in Watauga is similar to a whole life policy. This type of policy is also permanent insurance that won’t expire. One major difference between the two policies is that UIL life insurance policies have more flexibility than whole life.

Policyholders are able to use interest earned through the policy to pay the policy’s premium. Essentially the policyholder can decrease the amount they pay for their policy. Another benefit to a universal life insurance policy is that the policyholder can decrease their death benefit, thus allowing them to reduce their premium cost.

Final Expenses Life Insurance

Final expenses life insurance in Watauga is a type of insurance that’s designed to cover end-of-life expenses. Also called burial insurance, these policies are best for people who have a preexisting medical condition or are 50 years or older. The death benefit of these policies is usually enough to cover burial expenses, medical bills, legal fees, and potentially outstanding debt.

Term Life Insurance

A policy for term life insurance in Watauga covers the insured for a limited timeframe, it is not permanent insurance. These policies are designed to provide financial support to the policyholder’s family in the event the policyholder passes away unexpectedly.

Term life insurance policies are available from one to 30 years. When the policy expires, so does the coverage. It’s a good idea to convert these policies to a whole life policy or extend the policy.

For competitive life insurance rates and a free quote, call and speak with a Life Insurance by Monique Navarro team member at (682) 249-4190.