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Whole and Term Life Insurance
Don’t be overwhelmed by the complexities of selecting a life insurance policy. The helpful team members at The Michael Davis Insurance Agency are here to guide you through the entire process. If you don’t know the difference between whole life insurance policies and term life plans, we’re happy to explain it all.
It’s important to have life insurance when you’re planning for your future, as well as the future of your loved ones. Life insurance offers security to your spouse and children in the event of your death.
It helps them maintain the standard of living to which they’re accustomed. Choosing the right policy is pivotal as it can pay off your mortgage, uninsured medical bills, and other outstanding debts and burial.
You’ll be pleased to know that some forms of insurance can even be used as a means of saving money over a long time. Life insurance will benefit both you and your family.
A Wide Variety of Life Insurance Policies
- Term Life Insurance
You’ll get pure life insurance coverage with a term policy. This policy provides a death benefit for only a period of time. Your beneficiary would receive the face amount of the policy if you die during the coverage period. For periods ranging from 1 year to 30 years, term life insurance is available.
- Whole Life Insurance
Permanent insurance or cash value insurance that provides coverage for your entire life. The cash value account grows tax deferred as you make payments.
- Universal Life Insurance
It is a permanent insurance policy that combines term insurance with a money market-type investment. It pays a market rate of return.
- Variable Life Insurance
It is a permanent policy with an investment fund tied to a stock or bond mutual-fund investment.
Protect Your Loved Ones’ Future
With a comprehensive life insurance policy, you’ll have peace of mind knowing your loved ones will be taken care of in the event of a tragic incident. At The Michael Davis Insurance Agency, we offer many different life insurance policies at highly affordable rates.
Contact us today to speak to a member of our team. Same-day and next-day appointments are available.