No matter your age or whether you have children or not, you should consider getting a life insurance policy in Wenatchee, WA. Life insurance is a great way to plan for the future and will make you and your family feel at ease in the event of death. A trusted Wenatchee Insurance Agency agent can help you decide which policy is right for you.
Types of Life Insurance
A Wenatchee, WA life insurance policy will supply financial assistance to your beneficiaries in the event of your death. How much and how often your beneficiaries get paid, the benefits they receive, and the circumstances that will allow payment are laid out in the contract with you and your insurance company. What your beneficiaries receive also depends on the type of insurance policy you get. The main types of insurance are:
Term Insurance: Protects you for a limited time – one year – 30 years or more. This policy can be renewed if it expires.
Cash Value Life: The insurer uses part of your premium to set up an interest-earning financial account. You can borrow or withdraw from this account at any time. There are different types of Cash Value Life. They include:
- Whole Life – provides coverage for life
- Universal Life – a flexible policy
- Variable Life – where your money is invested into investment accounts.
Important things to know
- If you want to apply for the Lump Sum Death Benefit from Social Security then here is where you want to go.
- If you are seeing to see if a person has a life insurance policy then you want to go to the NAIC locator.
Contact An Agent Today
If you want to learn more or to get started on an insurance policy, contact an agent at Wenatchee Insurance Agency now. They will be able to help answer all your questions and get you started with a life insurance policy that is an excellent fit for you. Putting not only you at ease, but your family at ease and ready for the future.
