Life Insurance Policy For Individuals West Palm Beach, FL
You usually buy life insurance for protection. In the event of your untimely death, the Insurance company will pay a lump-sum of money to your beneficiaries named in the Life Insurance contract.
The Benefits of Life Insurance Protection
The death benefit from a life insurance policy can replace the income of breadwinner, Pay for a college education. Cover final expenses. Life Insurance provides peace of mind and financial security for your loved ones.
Life Insurance can be used for other purposes, like Business continuation, Keyman life insurance, protecting business interest or partnership. Executive compensation and planning for long term care expenses in retirement.
Term Life Insurance
Term Life Insurance provides coverage for the lowest cost. This type of life insurance will end at the end of the term. This is usually 10 years, 15 years, 20 years or 30 years.
Universal Life Insurance
Universal Life Insurance can provide flexible lifetime coverage. This type of policy usually cost more than term life insurance.