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​Why Do You Need Life Insurance?

   We never know what life has in store for us. Most people know they need life insurance, but they're not sure why they need it or how much they need. If you have others that depend on you financially, it is very likely that you need life insurance. A life insurance policy will provide for your loved ones if you were to die.

   Whether you are single, married with kids, empty nesters, retired, or a small business owner, we can help you determine the coverage you need. Everyone needs life insurance. The question is, which kind is right for you? There are two different types of life insurance: term life and whole life.

Whole Life Insurance

• ​​Provides coverage for your entire life
  
• Premiums never increase while you own your policy
  
• Builds cash and loan value with premium payments
  

From retirement to the end of your life, you don't usually need term life insurance because your whole life policy is still there to help pay for your final expenses.

Term Life Insurance

• ​​Provides coverage for a limited period of time
  
• ​After that period, policyholders typically pay increased premiums to continue coverage
• Usually less expensive than whole life insurance
  

Want to know more about term and whole life insurance? Contact one of our agents today!