North Carolina Life Insurance Options
In Burlington, Graham, and Mebane, North Carolina, individual life insurance policies are an integral insurance type to purchase. Luckily, there is an easy way to obtain quotes and compare options to secure this important need.
Understanding the basics of life insurance is a must before purchasing coverage. Basically, life insurance is designed to cover those left behind when someone passes away. It can be used for funeral expenses, related debts, and as a way to replace lost income. This is where versatility comes into play, as an unexpected death in a young family can be emotionally and financially devastating – making life insurance a vital need.
There are two basic types of life insurance policies:
- Whole Life: A permanent policy that pays a death benefit. This amount is paid as long as the premiums are met and the policy is kept in good standing.
- Term Life: This policy only pays a death benefit within the term, which is typically 10 to 30 years in duration. If the person does not pass away within that term, the individual would need to obtain another policy to stay insured, if he/she is not already covered under a different policy.
As the previous sentence alludes, it is possible to purchase more than one policy; it can be a sound strategy. There are also other types of policies that branch off of the two types listed.
It is important to purchase life insurance from an independent agency like Don Allred Insurance who is always accessible to explain the policy and answer questions. An independent agent will be able to compare several top-tier companies at once, providing you with the best options in a convenient manner.
Take advantage of the expertise of an independent agency like Don Allred Insurance. You can receive the best price and unparalleled service and expertise.