When it comes to protecting your loved ones, having the proper life insurance coverage is a must. If you have anyone who depends on you, children, parents, or anyone else, purchasing this type of protection is the responsible thing to do.
However, at the Carrillo Insurance Agency, we understand how confusing it can be to try and figure out the type of coverage you should purchase. Our team has years of experience in the insurance industry that we will put to work to ensure you get the coverage you need, for a price you can afford.
When it comes to life insurance, there are several options for you to choose from. The two most common terms you are going to hear when shopping for this coverage term life insurance and whole life insurance is. Both options provide benefits and learning more about them can help you figure out which one is right for your needs and your family.
Term insurance coverage, as the name implies, lasts for a specific amount of time. Most term policies are available for periods of 15, 30, or 50 years, but there are other time periods available. Once the term has passed, the policy expires. However, if you pass away within the term, your beneficiary will receive the funds guaranteed by the policy. Term policies are typically the more affordable option compared to whole life policies.
A whole life policy, as the name implies, lasts for your entire life. Since there is no expiration, the premium for this policy is usually higher. However, an added benefit of a whole life policy is that it builds cash value you can borrow if needed.
If you are ready to purchase life insurance, contact our team at the Carrillo Insurance Agency. We will help you get the policy and coverage needed.