As you walk around the Mile Square or through Eagle Creek Park with your loved ones, the last thing on your mind may be life insurance. But if something unforeseen should happen to you, your family would still need to make the mortgage payments and cover the costs of education and other living expenses. A life insurance policy can provide that important protection.
To learn more about Indianapolis, IN life insurance, contact a local independent agent in the Trusted Choice® network. A member agent can help you compare options and quotes and find the right policy for your needs.
Over 40 percent of Americans don’t have life insurance, and have no other means to replace the income of the primary wage-earner if something tragic happens. Fortunately, there are very affordable plans that can help to secure your family financially in the event that you die unexpectedly. Life insurance is most affordable at a younger age, but this flexible insurance coverage can meet many different individual and family needs at all phases of life.
There are two distinct types of Indianapolis life insurance – term life and permanent life. Term life is the most basic, and therefore cheapest policy type. Term life insurance provides coverage over a specific period of time, such as 10, 15, 20 or 25 years. Should anything happen to you in that period, your family will receive the face value of the life insurance policy as a benefit.
In addition to a death benefit, permanent insurance has a saving or investment portion that grows during the life of the policy. The cash value portion can be used for your needs in retirement, to pay off a mortgage, or to fund your children’s education or inheritance. There are three basic types of permanent Indianapolis life insurance: whole life, universal life and variable life.
To find the life insurance option that is best for your family, work with a local agent from the Trusted Choice network. A member agent can help you with:
Life insurance can be complicated, and the number of options are sometimes daunting. How do you know which type of life insurance policy is best for your family’s needs and budget? A Trusted Choice independent agent can help you review the options and make the best choice for you. Your agent will provide impartial information and answer your questions so you can choose the most suitable coverage for your circumstances and financial situation.
Only you can decide which type of life insurance policy is best for you, but an independent agent in your area can be an excellent resource. Your agent can provide Indianapolis life insurance quotes from multiple insurance companies for you to compare.
Find a local Trusted Choice member agent today. You’ll have peace of mind knowing your family will be taken care of today and in the future.