Life Insurance

Life insurance is an important financial decision when planning for the future of your loved ones. But with so many options available on the market, it can be extremely daunting trying to determine what works best for you. Knowing your options and what these financial tools can provide goes a long way in picking the right plan. So, when it comes to life insurance, what can you expect?

There are two types of life insurance: Term life insurance and Permanent life insurance.

Term Life Insurance

Term life insurance is temporary life insurance coverage. Typically, these plans offer full coverage with fixed premiums for 10, 20, or 30-year term lengths. If something happens to you during that time, your beneficiaries will receive the plan’s tax-free benefit to be used however they wish.

Term life insurance is perfect for short-term responsibilities and debts.

Permanent Life Insurance

Permanent life insurance provides coverage for life with fixed premiums. With permanent plans, you also get the bonuses of cash value savings and investment components. These allow you to have living benefits alongside the plan’s death benefit.

Permanent life insurance is ideal for long-term family planning and estate settlements.

We’re Here to Help

Are you still looking for more information? Or do you need some help finding out which plan works best for your needs? We’re more than happy to help you! Please feel free to use our short free quote form to get in touch with our licensed advisors. Our team will help you determine the best plan and coverage amount for your unique financial goals.

Here at Specialty Life we specialize in no medical exam life insurance plans, designed for getting coverage simple, fast and affordable. Whether you need coverage for long or short-term needs, we can help you find your ideal insurance plan at a price you are comfortable with. Apply for a quote and discover your options.