092121 What Are The Different Types of Life Insurance?

Types of life insurance generally fall into two categories…

term life insurance and permanent life insurance.

Term life insurance

Term life insurance provides protection for a specific period

of time (the term). This is often 10, 20 or 30 years. Term life

insurance makes sense when you need protection for a

specific amount of time… for instance, until your kids

graduate from college or your mortgage is paid off.

Term life insurance typically offers the most amount of

coverage for the lowest initial premium. This makes this type

of life insurance policy a good choice for those on a tighter

budget.

Permanent life insurance

Permanent life insurance provides lifelong protection for as

long as you pay the premiums. It also accumulates cash

value on a tax-deferred basis, which you can tap into to buy

a home, supplement your retirement income, cover an

emergency expense and more.

Because of these additional benefits, initial premiums are

higher than what you’d pay for a term life insurance policy

with the same amount of coverage.

You Might Want a Mix

Depending on your circumstances and financial goals,

sometimes a combination of term and permanent insurance

is the answer. Get an idea of the types of life insurance

policies that could work for you by using our Product Selector.

https://lifehappens.org/life-insurance-101/

Hayden Childs

Alabama Licensed Agent

(205) 269-1382

Shcmail34@yahoo.com

www.haydenchilds.net

Comments

022823 The 9 Benefits of Whole Life Insurance...

(1) Provide for Loved Ones… It’s the basic need everyone thinks about. You have a young family. You are the major breadwinner. Something happens to you. How is Your family supposed to make ends meet? It’s a form of protection. Peace of mind. (2) Key Man Insurance… You and your partner own a business. It’s grown. Many employees Depend on you. If something happens to your partner, it’s likely their Spouse or family will inherit their share of the business. Cash would Be a lot more useful to them. Life insurance on both partners can Provide the cash to buy out heirs and keep the business intact. (3) Emergency Loans… Hopefully your client lives a long life. The whole life policy accumulates Cash value, eventually growing to the full face value, or beyond. Many Policies allow you to borrow money against the cash value. You would pay interest. (4) Funding Estate Taxes… Your client owns a farm. I...

090921 Those Dying From Covid-19 Are Least Likely to Own Life Insurance...

Many companies have sharply reduced estimates of their exposure, as measured by payouts per 100,000 U.S. fatalities As the number of U.S. corona virus deaths surpasses 200,000, public-health experts point to a series of missteps and miscalculations in the country's response. Here’s a look back at how the U.S. became the center of the global pandemic. Sept. 28, 2020 5:30 am ET U.S. life insurers are paying out far fewer Covid-19 death claims than initially expected, largely because the virus is disproportionately killing people with little to no insurance. In the past few weeks, many life-insurance companies have sharply reduced estimates of their exposure, as measured by payouts per 100,000 U.S. Covid-19 fatalities. Estimates have come down by an average of 40% to 50%, according to Credit Suisse stock analyst Andrew Kligerman. Driving the rapid reduction in exposure are two groups… older Americans and minoriti...

072321 Why I am a Insurance Agent?

Hello, I’m Hayden Childs I am based in Northwest Alabama I am an Independent Life Insurance Agent … That means I work for YOU to find YOU the Best deal in coverage available. I am thankful to be in an industry that is a blessing to people. You may be asking your self … Hayden why are you an insurance agent? That one is easy … I am doing this because I want to be a blessing to people. I care about helping people meet their final expense needs. I am a Christian businessman and I conduct my business in an ethical and professional manner. I have had the blessing of knowing and working with some great insurance agents I Believe in Life Insurance … If you have personal coverage you know what I am talking about. In YOUR time of need YOU don't have to wonder "where is the money coming from" for YOUR final expenses. YOU know because YOU made a responsible choice and purchased life insurance and kept the premiums paid. ...

Hayden at got insurance?

Search This Blog