Why Is Life Insurance Important?
Life insurance is designed with one goal in mind — to provide your family with the financial security they deserve. Regardless of your age or situation, we can help you find a life insurance policy that offers maximum peace of mind for your family. Best of all, we work with some of the most respected names in the business. As you can imagine, there are many reasons you'd want to get life insurance. In the event of your death, your loved ones will need to be cared for. Whether you're the primary bread winner or have young children who cannot care for themselves, Comfort Insurance & Finances listens to your needs, does the research, and provides you with the options that will work best for your family.
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You can even benefit from life insurance while alive! Call our dedicated team today at (305) 420-3207.
The Benefits of Life Insurance
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Policies can supplement your retirement savings
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You can get coverage for chronic and terminal illnesses
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It can cover major financial expenses
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Your dependents won't have to worry about living expenses
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Payouts are tax-free
What Type of Life Insurance Do I Need?
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Pros of Term Life Insurance
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Affordable
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No medical exam
Term Life Insurance
Term life insurance provides a death benefit only for a limited time. Once the term expires, you either have to renew it for another term or convert it to permanent coverage. You can also let it expire. Term life insurance policies provide a guaranteed death benefit, but other than that, they have no value, unlike the savings value of permanent life insurance. You use term life insurance against loss of life, but not for wealth or retirement planning.
Cons of Term Life Insurance
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No cash value
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It expires after a specific time
Permanent Life Insurance
In contrast, permanent life insurance can provide a death benefit and the potential to build policy cash value that you can access during your lifetime, using policy loans and withdrawals. Permanent life insurance can also offer the flexibility to increase or decrease your death benefit as your needs change, as well as the potential to reduce or skip premium payments.
Pros of Permanent Life Insurance
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Provides coverage for your entire life
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Has cash value
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Flexible premium payments
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Extra tax benefits
Cons of Permanent Life Insurance
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Can be expensive
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There can be a policy lapse
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It is not convertible
We've only touched the surface of what life insurance can do for you, what types are available, and what differentiates them. To learn more, make your appointment with Comfort Insurance & Finances today. We'll be happy to go over all the plans available and explain what the different terms mean.
Call our experts today at (305) 420-3207 to learn more.
Why Choose Comfort Insurance & Finances?
As a Florida life insurance agency, we strive to provide our clients with industry-leading service that provides them with the level of coverage that’s right.
At Comfort Insurance & Finances, our mission is to take the time to listen to your unique needs in order to provide you with the best possible coverage.
We proudly work with some of the most trusted carriers in the industry to ensure that you have options that work best for your specific needs and your unique situation.
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