So how does life insurance work?
The simplest way a life insurance policy works is you make payments or “premiums” to a life insurance company. When the insured (you) passes away, that life insurance company will pay a specified amount to the beneficiaries that you designate.
What many people may not know is that life insurance can also provide benefits that you can take advantage of during your lifetime.
We all want the satisfaction of the protecting our family and the ones who depend on us the most.
Everyone’s greatest asset is our ability to earn income and provide for our families. You have to ask yourself, what would your family’s financial outcome be if you suddenly were not there anymore to provide for them?
Would they be able to survive everything life throws at them without another source of income? Thankfully, life insurance provides the peace of mind knowing your loved have protection.
There are four different types of life insurance policies offered by companies. Each insurance policy is available to everyone, but each one works in a different way. It boils down to what you want out of your life insurance policy, what you want to pay, and when/how you want to see the benefits. We have broken down each type of life insurance policy for you to review.
If at any point you have questions and want more detailed information, contact us directly at 303.422.2018
Did you know that 65% of Americans say that they need life insurance!
We all face three common threats about our health and future:
- Becoming severely ill and not having the money cover all the medical expenses
- Living too long and not having enough money saved to live your life comfortably
- Dying too soon and leaving your family and loved ones without any financial stability