Life insurance is something that needs to be customized to each individual person. What is right for one person won’t necessarily be right for another. The amounts will be different and the type of life insurance will also be different. Having an insurance agent who you trust to help you navigate through the questions that need to be asked and the answers that need to be analyzed makes it easier. At HighPointe Insurance Services LLC in Overland Park, KS we believe in empowering our clients by making sure they have the knowledge to make informed insurance decisions.
Life insurance comes in two main types, whole life, and term life. Both of them have a place in a comprehensive financial plan. Depending on your age and insurance needs we will provide you with the information you need to choose the carrier who provides the best product for you.
Whole life insurance is a policy that lasts for your entire life. The price is fixed and it earns dividends. This means it accumulates cash value. You can borrow against a whole life policy or cash it in for the accumulated value. If savings is something you have trouble with, this is an easy way to save while providing protection to your family.
Term life has a term, it can be 10, 20, or 30 years. At the end of the term, you may be able to renew the policy but it won’t be at the original premium. What you are paying for is protection there is no cash value. It is less expensive so if you need large amounts, it is the most affordable.
Don’t put off looking into life insurance. It is one of the most important things you can do for your family. Give us a call or stop by our office at HighPointe Insurance Services LLC in Overland Park, KS to get your no-obligation quote.