Protect your loved ones from the unknown with life insurance coverage.
It can be hard to imagine leaving your loved ones behind, but you will appreciate the peace of mind that comes from knowing that they will have a secure financial future when you have life insurance in place. If you were to pass away unexpectedly, life insurance would cover your final expenses, help replace your income, cover your mortgage or other large outstanding debts, and other family needs. If someone depends on you financially, life insurance is an essential part of your comprehensive financial planning.
When it comes to life insurance policies, you may know that there are two major types: term life insurance and permanent life insurance:
- Term life insurance: While this type of policy is typically cheaper, it has a limited scope of coverage. Most policies last 10, 20 or 30 years. It can be a good way to make sure your mortgage would be paid if you passed away before finishing payments or to have higher levels of coverage when your children are young.
- Permanent life insurance: The most common type of permanent life insurance is whole life, which will remain in place for the rest of your life as long as the premiums are paid. This type of insurance is also a form of savings, as it accrues cash value over time. Other types of permanent life insurance area also available, such as universal life insurance.
Whether you are looking for term life insurance or permanent life insurance or a combination of both types, you can reach out to the knowledgeable network of licensed financial professionals who work with Planning Bucket for assistance. They can help you find the policies that best suit your needs and budget, as well as helping you devise a comprehensive financial plan that will help you make the most of your resources and look ahead 10, 20 or even 30 years into the future. Contact them for help today in Asheboro, North Carolina.
Planning Bucket connects clients with life insurance advisors in Central and Western North Carolina, including Asheboro, Burlington, Chapel Hill, Charlotte, Concord, Greensboro, High Point, Huntersville, Kannapolis, Lexington, Matthews, Monroe, Reidsville, Winston-Salem, Asheville, Boone, Brevard, Dobson, Elkin, Hickory, Morganton, Mount Airy, Sparta, Statesville, West Jefferson, and Wilkesboro.