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Life Insurance: Smart Investing

Protect Your Family with Life Insurance 

Whether you are just beginning your career or you are a month away from retiring, it’s never too late to protect your loved ones. By taking out a life insurance policy, your family can have financial security for the rest of their lives, including the resources to be able to:

  1. Afford medical expenses

  2. Pay off debts

  3. Have general income for living expenses While it’s sometimes difficult to consider passing on and leaving family behind, it’s important to think about life insurance like car or home insurance. You never want to use it, but it gives you peace of mind to know it is there.

How to Buy Life Insurance So you’re convinced you need life insurance, but how do you go about buying it? There are two types of life insurance: whole and term. Term policies usually last about 10 to 30 years and will only pay out if you die while you hold the policy, while whole life insurance policies will definitely pay out. Many experts recommend taking out a term policy, as opposed to a whole policy, because the premiums are so much higher and there are better investment opportunities elsewhere. Taking out a term policy for 10-30 years will allow you to provide for your family when they most need it. Of course, there are a few exceptions to this, such as parents of handicapped children, who may need the income for the rest of their life.

Aren’t Quite Sure What You Need? Talk to Our Agents! Give our Glendale insurance agents a quick call to get expert advice on purchasing a life insurance policy. We can help you find a life insurance policy that fits your family’s needs and budget.

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