Life insurance is a very personal type of insurance. It is not about protecting yourself, it is about protecting your loved ones. Each person has different life insurance needs and when it comes to what type of life insurance is best for me, it really helps to have an insurance agent who knows you and your situation. At David King Insurance Services LLC in Coppell, TX, we place the needs of our customers first and we make a point of getting to know them and providing the highest level of customer service.
There are two main types of life insurance whole life and term life and for most people, both of them offer a type of protection they can use. It depends on where you are in life and the amount of protection you need.
The name term life pretty much defines this type of life insurance, you buy it for a term. The term may be from 5 to 30 years. Some of the term life policies are renewable but the premium will not remain the same. What you are praying for is protection and the death benefit is what you get. At the end of the term, the policy terminates. It is the least expensive option.
Whole life is a policy you keep for your whole life, the premium remains the same and you earn dividends which add to the cash value. You can borrow against the value and you can collect the value before you die. It is an easy way to save and get protected at the same time.
At David King Insurance Services LLC in Coppell, TX, we have 28 years of experience helping people with insurance sales and claims. We would love to add you to our insurance family. Call our office or give us a call and let us find the most beneficial coverage for you.