WHY LIFE INSURANCE?
Because somebody important is counting on us...
Life insurance is a great way to help prepare for life’s unexpected moments. Like most of us, you probably worry about the future. Can we pay off the house? Will my kids get a good education? Will they grow up healthy and happy?
With life insurance, you can know that no matter what tomorrow may bring, you can help support your family’s financial future.
We understand that life insurance is a personal decision, and not one to take lightly. That’s why we at The Fox Agency offer the experience and personalized service you need to guide you through the Life insurance process.
They are the reason I have Life Insurance, what's your reason?
Types of Life Insurance
Term Life Insurance
Term life insurance policies generally offer the greatest amount of coverage for the lowest initial cost – they are the most straightforward form of coverage. If you have shorter-term needs and limited money to spend on insurance, a term life insurance policy from Farmers New World Life Insurance Company may be the best fit for you.
Policyholders generally pay a premium on a monthly or annual basis for the length of that term. Proceeds help to cover financial responsibilities that decrease or end over time, like mortgages or car loans, should something happen to the insured. With term life policies, premiums will increase at the end of the fixed-term period.
Term life insurance policies are typically used to help provide additional life insurance coverage during child-raising years, to help pay for short-term debts, to help pay off a mortgage, or to fund a college education should the unexpected happen.
CALL TODAY to discuss your
needs and let me put together a personalized plan.
Permanent Life Insuance
Permanent life insurance may be a good option if you have long-term needs like income for a spouse, an inheritance for children, or end-of-life expenses, because it:
Can remain in force as long as you live.
Premiums generally do not increase during the life of the policy.
May build cash value, which you can borrow for other uses or which you can use to help pay your premiums in the future. If the policy is cancelled, any cash value is sent to the policy owner.
Permanent life insurance includes:
Whole life insurance - is one of the most common types of permanent life insurance. Premiums on whole life policies are guaranteed never to increase as long as the policy remains in force; policies offer guaranteed cash value accumulation, and the policy owner may borrow against the cash value of the policy.
Universal life insurance - allows you to tailor your insurance to meet your changing needs with flexible premiums and benefits with potential for building cash value. The policy owner may also borrow against the cash value of the policy.
It's often difficult to determine which life insurance policy is the better option because the type of coverage that is right for you depends on your individual circumstances and financial goals. For many individuals, a combination of term and permanent life insurance may be the best solution. Life insurance is my passion and I enjoy helping families create a way to grow their wealth and make sure their family and their future is protected. Call me today and we will sit down and discuss your personal needs for yourself and your family and come up with a customized plan just for you.