Make sense of your life insurance options with help from an expert.
The concept of life insurance can be a difficult subject for some people to talk about, as many people associate life insurance with death. While it’s true that life insurance policies are designed to help take care of the policy holder’s loved ones after the policy holder passes away, that’s not all these policies can offer. Here at Elite Benefits Group, our experienced insurance experts want to ensure that you have all the information you need to select the right life insurance plan for you and your family.
Our team has been serving the residents of Columbus County, North Carolina for over 25 years, and we’re deeply committed to helping out anyone who comes to us with questions or concerns about their insurance options. In our experience, we’ve realized that few people fully understand the different types of life insurance plans that are available to them, and we want to do our part to demystify this complicated topic.
- Whole life insurance: Whole life insurance lasts for the policy holder’s entire life, and it has the ability to increase in value over the years. However, this option tends to be more expensive than other life insurance policies.
- Term life insurance: This kind of life insurance lasts for a set period of time, such as 10 or 20 years. Unlike whole life insurance, this kind of plan doesn’t increase in cash value over time.
- Universal life insurance: Universal life insurance is similar to whole life insurance in most regards, except it’s designed to be more flexible for the insured. For instance, the insurance premiums and the death benefit can both be adjusted if needed.
- Variable life insurance: This is a permanent type of life insurance that has the potential to increase or decrease in value based on the current market conditions.
If you’d like to learn more about life insurance policies and which type might be right for you, please give our team a call today.