Life Insurance Lewisburg Ohio

Life Insurance Protection for Lewisburg, New Lebanon, Brookville, Eaton, Arcanum, Greenville, Vandalia, Dayton, West Alexandria, Englewood, New Madison and Richmond, IN

There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.

 
 

Term Insurance 
Term Life is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

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Permanent Insurance
In contrast, permanent insurance also known as whole life insurance or universal Life insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

Which Type of Insurance Is Right For You?
In generic terms it's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your unique circumstances and financial goals. Please call us at 937-962-2123 and speak with Bill VanBrederode, our local life insurance professional for a consultation about the best type of life insurance for you and your family. 

How Much Life Insurance Do I Need? 
This is a loaded question that needs to be evaluated individually. If you want help getting started, you can click here to use this life insurance calculator.

 

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