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Valentine’s day may be a little different this year; maybe your favorite restaurant has limited seating or maybe you can’t purchase tickets to your favorite Broadway show. But what if you could say I Love You in a different way? What if you could gift your valentine peace of mind forever?
Life insurance provides your loved one and your family with protection and comfort through the many stages of life. From starting a family to buying a new home, you should review your coverage regularly and consider the best options to protect your family from unexpected tragedy.
Term Life Insurance
Term insurance is the least expensive form of insurance, it provides protection for a specific period such as 10, 20, or even 30 years or more. Depending on your family circumstances this the simplest and best life insurance for you. It allows you to maximize the benefit you can afford and cover you when most needed. If you have young children, term life insurance can be provide for your family’s lifestyle during the years your children are under your roof and being educated. Once they are launched for life, you probably no longer need to insure for their care.
Permanent Life Insurance
A permanent life insurance policy provides you with an unending benefit throughout your lifetime to secure those you care about.
Permanent life insurance is typically more expensive partly due to the investment component in the policies. Premiums tend to be higher and the investment component oftentimes carries high hidden costs. Permanent life insurance often builds cash value and you can usually access the value of the policy during your lifetime. These insurance policies can also provide liquidity for estate taxes or other end of life needs. For these reasons, a permanent policy may be a fit for some families.
Valentine’s Day only comes once a year and it’s a wonderful time to remind your significant other how much you love them. Why not use this loving time of year to also review how well you are securing the future for the ones you love?