Get the Best Life Insurance with Insurance by Rita

 Today’s life insurance companies may offer other features and variations. Applicants should compare policies and make sure they understand the pros and cons of one option over others. In its purest form, term life insurance provides:

• The policy will pay a death benefit in cash to beneficiaries. Beneficiaries can inherit this cash sum without declaring it as income or paying taxes.
• Pure term life does not build a cash account and expires with no value if the insured person survives the contract term. Insurers offer a variety of term periods, but these contracts commonly last from 10 to 30 years.
• Since term life insurance offers temporary coverage and does not grow in value, the policies generally cost less than permanent life insurance, like universal or whole life insurance.

For term, whole, or universal life policies, insurance companies may base their rates on the applicant’s health history, lifestyle, life expectancy, and current age. For instance, older people typically pay more than younger people for the same amount of coverage.

Term policies generally have level premiums, meaning they won’t increase as the insured person ages or if they develop a medical condition. Many insurers offer policies without requiring a physical exam. The applicant just needs to answer a few questions about their health history or lifestyle.

 Are you thinking about buying a whole life insurance policy? If so, you’ve made an excellent choice to use life insurance to help secure the financial security for yourself and your family. Whole life insurance can offer a lifetime death benefit, predictable premiums, and some features that may help build financial security while you’re still alive.

At The Insurance Hub, we know that each client has unique preferences and financial needs. We want to offer you the information you need to make an informed decision. We will also help you compare various life insurance companies and policy options to find the most satisfying solution