Thinking about death is never easy, but it’s important to think of your own death in terms of how your loved ones will be impacted, especially financially, after you pass. You want to make sure your loved ones are supported long after your passing. Life insurance can be a great way to assure that those you leave behind will be financially cared for. 

What Is Life Insurance? 

The main role of life insurance is to provide financial support for your loved ones after your death. If the policy is in your name, the chosen beneficiary will receive a certain amount of money based on the value of your policy. It provides for your loved ones’ financial needs when you are no longer able to do so. 

The insurance benefit might help survivors pay for the following expenses: 

 

• Funeral costs

• Everyday needs and bills

• Debt settlements

• Targeted costs like a child’s education or a spouse’s health needs

  

What Type Of Policy Options Are Available? 

Everyone has different life insurance needs. There are two plans that you are typically able to choose from:  

Term plans: Last a set number of years. Coverage will issue payment if you die during the term. 

Whole-life policies: Remain active indefinitely, as long as you pay your premiums. Many offer cash accumulation and interest benefits. 

Talk with one of our agents to help you select a plan that will provide the optimal financial benefit to you and your loved ones.  

Learn More About Life Insurance 

At Steve Jones Perez Health & Wealth Advisory, we want to set you up for the best coverage possible, no matter the unique needs. Contact your agent today to speak about your life insurance options.