Life Insurance

Purchasing life insurance is a crucial financial decision for you and your family members. The primary purpose of life insurance is to provide financial protection to the people you love if you pass away. It is not a mandatory type of insurance, so many people decide not to purchase it. However, it is worth having it, especially if you have people who are dependent on you. For those who want to know more about it, Integrity Insurance Agency serving clients in Indiana prepared some essential information about life insurance:

You Can Choose from Several Types

There are two types of life insurance - term life insurance and whole life insurance. Term life insurance is valid only for a limited amount of time (up to 30 years), while whole life insurance does not expire and provides coverage for the policyholder's entire life. Usually, whole life insurance is more expensive than a temporary one.

Life Insurance Can Also Be Used as Savings

Many whole life insurance policies have a cash value that can increase over time. These policies include a death benefit (also known as face amount) and a cash value that grows over time. This makes its cash value similar to a tuition saving plan or retirement. That means that you can use your life insurance in your financial portfolio.

Life Insurance Is Affordable

Many people mistakenly believe that life insurance is expensive, and they cannot afford it. However, the truth is that life insurance is cheaper than most people think. For example, a healthy nonsmoking 30-year-old person can get a temporary 20-year life insurance policy for a low price.

Integrity Insurance Agency - Your Financial Security Is Our Priority

If you are looking for a trustworthy insurance agency to get life insurance, Integrity Insurance Agency is ready to help you. We can find you the perfect policy based on your personal needs, requirements, and budget. Feel free to contact us if you have any questions.