Have you given any thought to what might happen if you pass on? Who will be responsible for the bills? Who will make sure your spouse has enough money to live on and continue to raise the kids? Leaves a pit in the bottom of your stomach doesn’t it. Affordable Life Insurance is in your reach.
Here is what to expect when you start the process.
No money is ever collected ahead of time until you are happy with the plan.
During the quoting process, most insurance companies are looking at your age, health and lifestyle. These areas will determine rates.
Common Types of Life Insurance
There are several different types of life insurance policies available — the most common include the following:
So what type of life insurance is best for you? Talk with us at Blue Paddle Insurance Agency today at 701-760-0531. We can assist in identifying the best protection for you.
Advantages of Life Insurance
Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.
Advantages of the life insurance death benefit: When you pass away, your life insurance provides income tax-free money to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need. Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.
Advantages of Living Benefits: The cash value growth of a whole life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a whole life insurance policy to help with expenses, such as college tuition or the down payment on a home.
We write all lines of insurance and can help you get any type of policy you need, anytime. Please call us at 701-760-0531.