Life Insurance Information
Planning for your loved ones’ financial future after you’re gone is never an easy discussion. But, it’s an incredibly important one to have. At Truststar Ins Services, Inc., we want to help you navigate the complexities of life insurance and find a policy that meets your needs. Give us a call today to get started.
What Are the Types of Life Insurance?
There are two primary types of life insurance:
Term Life Insurance:
A term life policy provides a death benefit to your loved ones if you die during the policy’s term. This term might be a period of 10, 20, 30 or more years, depending on the expiration date of the policy. If you do not die during this time, then the policy does not pay. You will also have to reapply for a new policy if you want to continue to have coverage.
Whole Life Insurance:
Whole life policies last for the remainder of your life once you enroll. They will not expire unless you stop paying for them. Additionally, these plans offer cash value investment opportunities, and the cash value component can enable you to receive a source of income during your lifetime (in addition to the eventual death benefit).
Speak to one of our agents to learn more about which type of policy is best for your needs.
How Much Life Insurance Do I Need?
Determining the amount of life insurance you need will depend on various factors, including your debts, financial plans, and how many loved ones you need to provide for. Ultimately, when choosing your life insurance policy, you’re choosing how much money your dependents will be left after your death. The minimum amount of coverage you need will be very different from what someone else may need. As such, it’s recommended that you work with your agent to determine what type of coverage is appropriate for you.
Is Life Insurance Expensive?
A life insurance policy’s affordability is often a chief concern among people. The important thing to note is that our agents will assist you in selecting adequate coverage no matter where you are in life or your unique situation.
Contact us to learn more about life insurance or request a free quote now.
TrustStar Insurance Services provides quality Life Insurance solutions for clients near Universal City, San Antonio, New Braunfels, Alamo Heights, Schertz, and Helotes.
As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs.