Unfortunately, there are no guarantees in life, which is why you need the protection and peace of mind afforded to you by life insurance in Mesa, Arizona. It is a means of ensuring your loved ones are financially secure in case the worst happens. Every life insurance payment is a step towards protecting your family, as it helps cover expenses such as funeral bills, your mortgage, rent, college tuition, and other costs of living.
Types of Life Insurance
There are typically three main types of life insurance:
- Term insurance: This provides you with protection for a set period of time, usually 10, 20, or 30 years. It is often the least expensive type of life insurance and is a good place to start if you are currently uninsured. You may even find annual renewable plans, which offer great flexibility.
- Whole life insurance: Unlike term insurance, whole life provides you with permanent protection as long as you are current on the premium payments. This type of coverage can also build cash value, which allows you to use or borrow the money paid into the policy without leading to the policy’s cancellation.
- Universal life insurance: This is another form of permanent insurance and offers total flexibility in terms of premium payments and pricing structures. It can also build cash value and may have a guaranteed minimum interest rate.
If you live in Mesa and don’t have life insurance coverage, there’s no time like the present to start the search for an affordable policy. The earlier you start, the lower the premiums are likely to be, as the cost of life insurance increases as you get older. Don’t take chances; protect your loved ones today by finding a suitable quote on our website on our Life Insurance Page.