Protect your family financially with life insurance.
Life insurance is a key part of any financial plan. Do not think of life insurance as another monthly expense, but instead think of it as a way to help your family should you pass away unexpectedly. Your beneficiaries can use the proceeds from your life insurance policy to cover the cost of the mortgage, replace income that was lost, and pay for college tuition.
Life insurance is for everyone but is mostly recommended for people who have someone who depends on them financially. The type of life insurance you need depends on your specific situation. For some, term life insurance is enough to protect them and their loved ones, while permanent life insurance is better for others.
Term Life Insurance
Term life insurance is usually the cheaper of the two types of life insurance, but unlike permanent, it does have a shelf life. These types of policies only cover the insured for a specific amount of time. Once the time frame is up, then the insured is no longer covered. Most term life insurance policies are sold in terms of 10, 20, or 30 years.
Permanent Life Insurance
Permanent life insurance is just as the name suggests: permanent. Once you purchase a permanent life insurance policy, it will cover you for the rest of your life. Permanent life insurance can actually be broken down into different types with the most common being whole life insurance.
Secure a term or permanent life insurance policy with the help of Planning Bucket’s financial professionals. Contact them today to set up a consultation with a financial professional in Greensboro, 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.