Life insurance can protect your family’s future
There are many different types of life insurance available, and the financial professionals at Visionary Financial Group can help you choose what’s most appropriate for you and your family. The cost and availability of insurance depend on many factors such as your age, health and lifestyle as well as the type and amount of insurance purchased.
Term Life Insurance
Term life insurance is the most basic and usually the most affordable. Annual-renewable term is purchased year-by-year and has no investment’s included. The life coverage lasts for a set period of time as long as you pay the premiums. Policies can be purchased for a specified period of time. If you die within the time period defined in your policy, the insurance company will pay your beneficiaries the face value of your policy.
Permanent Life Insurance
The other major category is permanent life insurance. You pay a premium for as long as you live, and a death benefit will be paid to your beneficiaries upon your death. Permanent life insurance typically comes with a “cash value” savings element. There are three main types of permanent life insurance: whole, universal, and variable.
Call Shelly Dodge at 972/539-0002 today to schedule a complimentary consultation to review your life insurance options and keep your family’s future protected.