Life insurance needs vary greatly from one family to another. To ensure that you have the right coverage, you should consider the amount of coverage, the type of life insurance, and the company that insures you.
How much coverage do you need? The amount of coverage you need depends on a number of factors specific to your family: number of dependents, other assets, mortgage and other debts, benefits through work, etc. We can help you determine the appropriate amount of coverage for you and your family.
What type of life insurance is appropriate? The two main types we offer are whole life insurance and term life insurance. Whole life provides coverage throughout your lifetime, and also builds cash value that can be used as a financial safety net. Term life allows you to purchase high limits at a low cost, but the coverage has no cash value and ends after the fixed term. We often recommend a blend: whole life for a permanent insurance base, and term life to provide higher limits while you have dependents
Which insurance company is best? For life insurance, you need a financially sound company that will be there decades after you take out your coverage. We are proud to represent Massachusetts Mutual Life Insurance Company (MassMutual), which we highly recommend to meet the long-term needs of our clients.
If you would like more information, just call us and ask for our free guide, “Guaranteed to fit your life.”
We offer insurance products through Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001, and other companies.
Related posts:
- When should you think about life insurance?
- Life changes… has your insurance kept pace?
- It’s time: Take a look at long term care insurance
Drop by www.albionagencies.com or get in touch with me or Mike Pilon for more information on retirement and life insurance solutions for you and your family.
Albion Agencies, Inc. is a licensed insurance agent/broker only in the State of New York.
The information in this post is general in nature, and geared toward insurance conditions in Western New York. As always, you should speak with an insurance adviser to determine your specific insurance needs.
