Life insurance is a crucial step in planning for your future and the future of your loved ones. It can fulfill promises that you’ve made to take care of your family.
Life Insurance is a great way to make sure your family and loved ones are protected in the event of death. One can purchase a permanent policy, good through age 100 or death, or a term policy, which provides a death benefit for a specified length of time.
Buying Life Insurance also means you create an estate. You can determine one or more beneficiaries (people or organizations) for your policy. You can make your beneficiaries of equal proportions or designate separate amounts per beneficiary. As the owner of the policy, you can make beneficiary changes at any time.
Life Insurance Policies also have riders available, which are add-on features. Some commonly chosen riders areAccelerated Death Benefit (if you have a terminal illness and need some money while you’re still alive to help cover expenses), and Child Rider (buying life insurance up to $25,000 for your child added on to your policy).
Call us at Actsphere so we can help you with a Life Insurance quote and explain all your options to you.