Think of life insurance as “Family Protection.”
Here at Mel Himes & Associates we have witnessed how Life Insurance can help when one passes away either suddenly or from a known disease. We have also seen how it would of helped if a family had Life Insurance to help with the financial responsibilities when someone passes.
One question you should be asking yourself is:
How will my family manage financially when I die, or how will I manage my family when my spouse or a loved one dies?
Life insurance is a simple answer to this very difficult question. If you haven’t asked yourself this question, it might be a good time to ask, then seek the solution to the question. We are here to help with that solution.
A life insurance policy pays a lump sum of cash called a “death benefit” to the beneficiary upon the death of the policy holder.
Life Insurance usually covers:
- Burial Expenses
- Stay at home expenses
- Living expenses for family
- College expenses for the children
- Student Loans that were co-signed
We represent many carriers such as:
- Auto Owners
- Genworth Life Insurance Company
- North American
- Reliance Standard
There are two types of Life Insurance:
Term policies are sold for specific lengths of time. These policies are usually between 10 and 30 years. Once the term expires, you stop paying premiums and the policy is no longer in effect.
Permanent Life Insurance never expires before your death as long as you pay the premium. It also includes a “cash value” component that grows or in some cases shrinks over the life of the policy. This type of policy is much more expensive. Permanent Life Insurance includes: Whole Life, Universal Life, Variable Life
If you would like a quote for Life Insurance please click on the appropriate kind and fill out the form.