If you want a secure future for you and your loved ones, a good life insurance policy is pivotal. Tri County Insurance, Inc. can help you put a plan together and answer the questions you may have.
First, there are several things you’ll need to consider. As such, it makes sense to familiarize yourself with the various Alabama and Georgia life insurance laws if you’re to make the right decision when buying a life insurance policy.
Level Term Life insurance provides a level death benefit for a 10-, 20- or 30-year period. Coverage may extend all the way to age 95. Affordable term insurance can be valuable to a family or a business that shoulders the financial responsibility of meeting future needs, such as: Family Living Expenses, Children’s Education Needs, Mortgages, and Business Loans.
A whole life insurance policy protects you for your entire life. It provides you with death benefit coverage, flexible payment options and access to guaranteed cash values. Advantages of maintaining a whole life policy include:
A Simplified Issue Children's Whole Life Insurance Policy provides permanent protection with a guaranteed level premium. It even includes simplified underwriting! No medical exams. blood tests, etc.
The death benefit automatically increases by 50% of the original death benefit at the age of 18, and again at the age of 25.
The biggest advantage of a Universal Life insurance policy is its flexibility. The coverage amount, premiums and payment schedules can be adjusted to meet your changing needs. With Universal Life you may increase your death benefit (subject to underwriting) or decrease your death benefit at any time. As events in your life occur, you’ll be able to make changes to your policy. Universal Life policies have the advantage of building cash value which may be withdrawn in the form of a policy surrender or a policy loan (subject to surrender charges, loan interest rates and policy conditions).
Tri County Insurance, Inc. is a reliable choice for life insurance policies in Alabama and Georgia. Reach out to our agents to learn more about the life insurance we offer and how to get a quote.