Life Insurance Provides Security for the Ones You Love
Planning ahead to Protect your families wellbeing.
Life insurance should mean something to you no matter what stage of life you’re in.
People think about auto Insurance whenever they get behind the wheel—they know the law requires coverage. People think about health insurance whenever they get sick—again, the law requires coverage. People don’t think about life insurance every day, some don’t think about it at all and the law doesn’t require it. Nevertheless, protecting your life is just as important as protecting your car, your health, and your property. It means the world to loved ones and to your peace of mind—it’s there and it works for you without having to worry about it. There are probably more types of life insurance than you realize, and each one protects you and your family. Here are just a few:
What is term life insurance?
Term life insurance is a type of life insurance that provides coverage for a certain amount of time, or a specified “term” of years. If the insured passes away during the time period specified in the policy and the policy is active (also known as “in force”), a life benefit will be paid.
Term insurance is initially much less expensive compared to whole life insurance or universal insurance. Unlike most types of whole or universal life insurance, term insurance has no immediate cash value. In other words, the only cash value is the guaranteed life benefit of the policy.
What is whole life insurance?
Whole life insurance provides coverage for the entire life of the insured. There is no specified “term” of years. In addition to paying a life benefit, whole life insurance also has a saving component in which cash value may accumulate. These policies are known as “permanent” or “traditional” life insurance.
Whole life insurance policies are one type of permanent life insurance. Universal life, indexed universal life and variable universal life are others.
What is universal life insurance?
Universal life insurance is permanent life insurance with an investment savings element and low premiums that are similar to those of term life insurance. Most universal life insurance plans have a flexible premium option. However, some require a single premium (single lump sum payment) or fixed premiums (scheduled fixed payments.
A universal life option provides more flexibility than whole life insurance. Policyholders may change their premium payments and life benefits.
When is the best time to buy life insurance?
You may be young and just starting out on your own. Whole life insurance or universal life insurance may be the best way to protect your future. They both actually accrue a cash value though the life of the policy and can be used as collateral if and when a loan is needed. You can cancel it at any time and your rates will never go up. It will always be there, working for you, protecting you and your loved ones without having to worry about it.
You may be a little older, building a home, a family, and a career. Group term life insurance will probably be available through your work, but it’s seldom enough to fully protect a home and family—it isn’t meant to be. This is the perfect time to think about purchasing additional term life insurance. Additional term life insurance can be obtained for pennies on the dollar and is generally set up for 10, 20, or 30 years. It’s always there, just in case, without having to worry about it.
Retirement is coming up, have you done everything to prepare?
You may be thinking about retirement and realize you don’t feel comfortable with the amount of Insurance you own. Life can bring many surprises and you know how important it is to be prepared for them so you can spend your time enjoying your golden years. Even at this time in your life, Life Insurance is still available to you to take those worries away.
Who can help me choose the correct type of life insurance?
Choosing the right type of insurance at any stage of your life is an important decision, but it doesn’t have to be a difficult one. Sound advice from industry experts can guide you to making the best choice to protect you and those you love. That’s why you need an agency that has a proven track record of over 90 years in helping people make important decisions. An agency exactly like Dickey McCay Insurance Agency.
Dickey McCay has been helping people since 1929 in the states of Georgia, North Carolina and Tennessee and is also licensed to serve clients in Alabama, Kentucky, Mississippi and South Carolina. Their professional staff is there to listen, research and offer different types of pricing based on your individual goals and needs and affordability. Dickey McCay can do more for you because of the excellent relationships they have achieved as trusted partners of such well-known life insurance carriers such as Auto Owners, Erie, Ohio National, Grange, and other carriers which include Allstate, Safeco, The Hartford, Progressive, and Traveler, to just name five a few of thirty-five of their company partners. If you are interested in reviewing their full list of insurance partners which Dickey McCay uses to offer super insurance offers to their customers, checkout our Dickey McCay’s insurance carriers page.
What is the real value of life insurance?
Once life insurance is in place, the cost never goes up and it’s something you never have to think about again. It’s always there, protecting you. And with their help, Dickey McCay Insurance Agency is there to see you are protected for the rest of your life.
Have more questions about life insurance policies and which one may be the right fit for you and your family? We have experienced friendly local insurance professionals who are trained and will be happy to guide you through the process of selecting a life insurance policy, as well as ensuring you make a fully educated decision that you can stand behind and trust. Give Dickey Mccay a call, or contact us online to get quickly connected with a local agent that can get you on the right track with your life insurance needs.
