Life Insurance ensures that your family can maintain the lifestyle they’ve grown to love and provide longer-lasting financial security. In the event that you pass away, your family can use the money for funeral expenses, housing costs, medical expenses, college tuition, debts and anything else they might need. Affordable life insurance.
How It Works
Simply choose the type of policy that best fits your needs, determine how much coverage would be needed, and how long you need it would be needed. A Carroll Insurance agent will help you find the policy that fits your needs and budget.
Three Different Types of Life Insurance:
Term Life – Term Life insurance policies are available for persons aged 18-80 years. You can choose to have your policy last from set term lengths, the most common being 10, 15, 20, or 30 years. Your payments and benefits are fixed, meaning that neither will change or fluctuate during your term length.
Need life insurance policy
Examples: Term life insurance is perfect for protecting specific goals in specific time frames, such as paying off your 30-year mortgage. They are used specific needs, such as paying for your children’s college costs that will start in 15-years.
Permanent Life – A whole life insurance policy does not have a elect policy term or end date. The policy lasts your entire lifetime, as long as you continue to make your payments.
Example: Permanent life insurance is for you if you want coverage that lasts your entire time and builds cash value. If you want to leave your family a legacy, guaranteeing that there will be money for your kids or even grandkids, then this is the type of policy for you.
Final Expense Life Insurance – Final Expense is our most affordable type of life insurance. This specific time is for settling your financial loose ends such as funeral expenses, medical bills, credit card debt, or other end-of-life expenses. You can add protection to cover terminal illnesses and take advance payment for treatment. There is no medical exam required for this type of insurance and you can typically get coverage in as little as 24 hours.
30 year level term life insurance rates