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Life Insurance

If you or your family would be significantly impaired by the loss of the others income, buying life insurance insures peace of mind. In some circumstances it can be used during your life to cover medical expenses or help stabilize a survivor financial situation. Many times it is used to cover funeral expenses because the proceeds from life insurance can pass to your descendants without going through your estate first.

Two Types of Life Insurance

You can choose from a term or whole life insurance plan.

Generally speaking, term life insurance offers lower premiums, but the coverage period is temporary. It provides a payout if the policyholder dies within the insurance term, but once the term ends, you must reapply and be reexamined for coverage. Premiums go up after every renewal, and there is no build-up of cash value.

Whole life insurance provides long-term coverage but the premiums are typically higher than with term insurance. Many policies build up a cash value with permanent life insurance, which can be used during the policyholder’s life.

Willow Insurance Group Can Help

We have experience serving people with their insurance needs, and we also offer a tool on our website to assist you in finding a quote for automobile or homeowners insurance. For your life insurance needs, we suggest calling or visiting our office so that we can discuss the best insurance solution for your situation.