Find Your Ideal Life Insurance Coverage our experienced consultation services will protect your family
Life insurance is a vital component to your plans for your future and for your family’s future. It is crucial to establish a policy which can help your family stay financially stable in the event of your death. But because everyone’s personal situation is totally unique, it is important to consult our experienced life insurance professionals at the Seltzer Group to determine the exact coverage and benefits you need.
There are two major types of life insurance policies: term and permanent.
Term Life Insurance
Term life insurance delivers protection over a pre-determined amount of time, the “term,” and will generally pay out benefits if you pass away during the term. Term life insurance is a good choice if you require coverage for a specific period of time, for example, until your children graduate college, until your mortgage is paid off, etc. Term life insurance policies usually have lower premiums than permanent life insurance options, which make them an attractive choice for individuals with specific periods of need.
Permanent Life Insurance
Permanent life insurance, also known as cash-value life insurance, is the proper type of policy for individuals who require a life insurance policy which lasts a lifetime. Permanent life insurance policies accrue cash value as you pay into them, similar to an investment, and they pay out a certain cash amount in the event of your death as long as you continue to pay the premium.
The best way to determine which of these two categories of life insurance is best for you, and which specific policy is ideal, is to consult your trusted insurance advisor at the Seltzer Group. Our approach to serving you is centered around understanding your unique situation and requirements, which enables us to design a plan with the exact level of coverage you need.