The choice to get life insurance is a selfless decision. It’s about caring for your loved ones and helping them to continue to pay the bills after you’re gone.
Life insurance can help family members and loved ones cover funeral costs, pay off debts, continue to pay the mortgage, and maintain their lifestyle. Depending on your salary, current living expenses, and many other factors, you have many options for life insurance, which the expert staff at R. D. Fink Agency will happily discuss with you.
Life insurance can be quite complicated, even if you’ve had coverage for many years, so it’s important to sit down with a qualified, experienced insurance agent to help guide you through your options. At R. D. Fink Agency, we’re an independent agency, which means we put your needs first. Our number one goal is finding amount of coverage that is right for you.
There are two broad forms of life insurance: term life and whole life.
Term life insurance is the most affordable option, but benefits will only be paid out if you die during the time period defined in the policy. Of course, some policies allow you to renew your term life insurance after the term has ended, or convert to a permanent policy.
Whole life, or permanent life insurance, will pay out to your beneficiaries no matter when you die (yes, even if you live past 100).
A whole life policy tends to be more expensive than term life, but it has several advantages. For instance, some whole life policies accrue interest over the years, and ultimately provide you with a stream of income you can access in retirement (to be used for anything from living expenses to medical bills).
R. D. Fink Agency has years of experience crafting life insurance policies. We take extra care to get to know you personally, so we can help you find the best possible life insurance policy for your situation.
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