When it comes to selecting life insurance, Bridge First Insurance is dedicated to making sure that you are as educated and confident about your choice as possible. With care and precision, we seek out the best life insurance policies that only cost cents on the dollar, over cheaper life insurance policies that do not fully cover you in the case of a tragic event. Unfortunately, most people do not know a lot about life insurance and therefore have many misconceptions about what it is or the benefits it provides. For example, most people think life insurance is significantly more expensive than it actually is!
Life Insurance has changed dramatically in recent years. The multiple options available to someone searching for life insurance range depending on their needs as a client. Available to those looking for a life insurance policy are term life insurance and permanent life insurance. Both serve a purpose to fit a need to the insured as well as their loved ones. But before the differences are discussed, one point to remember with life insurance is that the younger and healthier you are when you decide to make the purchase the lower your premium will be for the length of the policy! So if you think that life insurance is too expensive or that you want cheap life insurance, the best course of action is to get a plan sooner rather than later.
Term life insurance is great for covering temporary expenses for a certain period of time. Such a policy can work in a large number of situations, but the best example is when someone has a mortgage. A thirty-year term life insurance policy will last the length of the policy holder’s mortgage and provide life insurance coverage should something happen to the primary income provider of the household during the time that the mortgage is still being paid off. Term life insurance policies are great, and work for many households because they offer the greatest amount of protection at the lowest overall cost to the policyholder.
Permanent life insurance is great for expenses that won’t go away. Some examples of what permanent life insurance needs are would be funeral expenses, money to leave behind for loved ones, or an emergency fund. These are life insurance needs that you will have for your whole life and that should be covered accordingly to help your family and loved ones. Permanent insurance lasts your whole life. In addition, many policies offer other benefits including the accumulation of “forced savings,” that you can loan against, or take out of the policy should you choose to do so.
Bridge First Insurance can help you find the best life insurance solution for your needs. And having the best life insurance is important not only to you, but to your family and loved ones who will need all the help available in the case of a tragic event. Your best friends in insurance will actively seek the best life insurance policy to meet your needs and make sure that your family and loved ones are secure. If you are ready to start talking about getting a life insurance policy with Bridge First Insurance, click below to get started!