Stumped on finding the perfect gift for your loved one this Valentine’s Day? While chocolate and flowers may be nice, there is really nothing more valuable than to protect your spouse from the worst case scenario. While “life insurance” may not seem romantic, our agency begs to differ!
Life insurance is designed to protect your loved one from the possible financial devastation that could occur if something unexpected should happen to you. It can cover debts, the mortgage, final expenses and more. If you do not already have life insurance in place, now would be a great time to invest in this crucial policy.
There are a few options you can look into when it comes to life insurance. The two main types are:
Term life insurance: A term life insurance plan will guarantee coverage and life insurance payout for a specified time frame. For example, you can choose five years or even thirty years to be insured with a term life plan. Once the term is up, you can renew or opt for whole life insurance. It is the less expensive option but will still provide maximum coverage.
Whole life insurance: A whole life insurance policy is designed for those looking for permanent life insurance. It will protect your family for life, or as long as you continue to pay the premium. While it may be the more expensive option, it provides maximum coverage and has a variety of benefits. To learn more about them, you can ask our agency.
Are you ready to give the gift of protection this Valentine’s Day? Please give our agents at Mitchell and Mitchell Insurance Agency a call today. We would be more than happy to go over your options with you!
Happy Valentine’s Day