Life Insurance

What is Life Insurance?

Life insurance is typically used to replace income, cover funeral expenses, and pay off debt if you die prematurely. There are several different types of life insurance available, including permanent and term insurance.

Do I Need Life Insurance?

If you’re concerned about passing on debt or financial obligations to your loved ones, life insurance may be a good option for you. People often purchase life insurance when they go through important milestones in life, like getting married, buying a home, having children, or starting a business.

What Types of Coverage Are Available?

  • Term Insurance: Covers you for a set amount of time, typically 10, 20, or 30 years.
  • Whole Life Insurance: Permanent insurance that also allocates some of your premium into an interest-bearing account.
  • Universal Life Insurance: Flexible permanent insurance that can be changed as your life changes.
  • Child Rider Coverage: Allows you to add coverage for your children on your policy.
  • And More

Insurance is better with Nadon Insurance Agency