Life Insurance protects your family’s future.
Your AgPro policy can help take care of your loved ones when you can’t.
An investment in life insurance is an investment in those you care about most. If something were to happen to you, you would want your family to be provided for.
You’ve heard stories about someone passing away and the spouse having to foreclose on the house or struggle to finish supporting a child through college. Life insurance ensures that this does not happen to your family. In return for your monthly premium, the company pays your family if something were to happen to you.
Life insurance is essential whether you are planning for retirement or just starting your family. We’ll find you the best policy at the lowest cost.
How Much Life Insurance Should You Get?
Ideally, you want enough life insurance to maintain your family’s current living standard even if you were not in the picture. You’ll want to think about what the future will look like. Odds are that expenses will be higher than they are today.
Total up everything you now provide for your family, including not only the money you bring home but also your services and assets. Then subtract your expenses, and you should arrive at a rough estimate of the kind of life insurance you need.
Term Life Insurance
Term life insurance is usually offered through an employer during your working years and is meant to be temporary. It ends when you stop working.
Term life insurance can also be purchased separately from your employer, but it still has a limited time frame. It can be great to help with short-term debt such as mortgages or college funds, and it can be much less expensive than whole life insurance.
Whole Life Insurance
Whole life insurance offers coverage for your entire life. It does not have a limited time frame, and it builds cash value over time. You can even access the funds during your lifetime. Some life insurance policies, depending on the provider, even come with a limited pay option, in which you pay monthly for 10 or more years and have your $100,000 policy paid in full. Other companies even offer a one-time gross sum payment for a whole life insurance policy.
AgPro Insurance will find you the whole life insurance policy that works best with your finances.