Life insurance
Life Insurance not only provides stability upon your death, it can also support you while alive. Upon death, life insurance can be used to offset college expenses, leave an inheritance, pay off debt such as a mortgage, protect a business and more. It can also provide benefits in the event of terminal, chronic, or critical illness. The funds from living benefits can be used to cover medical expenses, long-term care services, and other costs.
There are three different types of insurance policies:
Term Life Insurance which provides financial protection for a specific period of time. It pays a death benefit to your beneficiaries if you pass away during the coverage term. Features include:
Whole Life Insurance provides lifelong financial protection for your loved ones. Features include:
Here are often-recommended benefits to add to a life insurance policy:
Short-term disability benefits are intended to help cover essential expenses, such as rent or mortgage payments, utility bills, groceries, and other basic needs, while you are unable to work. This ensures that you can focus on your recovery without the added stress of financial uncertainty.
Unlike short-term disability insurance, which provides benefits for a limited period, long-term disability insurance is intended to cover an extended duration of disability. It can range from six months to retirement age or until one is able to return to work.
Next Steps
Consider the benefits you currently have or maybe don't have & think about the following statements and identify your two biggest concerns
Call:
(206) 594-1126
Fax:
(509) 505-5566
Email:
insurance@morelandagency.com