Finding the right life insurance in Burlington, North Carolina can seem difficult or complicated at first. The reason is simple: a variety of policy options are available. When you are worried that you will not pass away during the time that you obtain a term life policy, it may be beneficial to consider a return of premium life insurance policy.
How it Works
A return of premium term life policy is a simple plan that reduces the concerns about wasting money for a set period of time. You obtain insurance for a set amount of time, such as ten or 20 years. If you pass away during that period, your loved ones will receive the policy amount dictated in your current plan.
If the insurer does not pay to your beneficiary by the end of your term, then the insurer will return the full amount that you have paid. A return of premium policy means that you are not taking any risks.
Due to the guarantee that funds will be returned at the end of the term, it may cost more for the insurance on a monthly basis. The exact monthly expense may vary between companies, but in many cases the payments are greater than the amount that you would pay if you have a basic term policy. Depending on your budget and the coverage you want, the cost of the policy may or may not fit into your financial plan.
When you do not want to obtain a whole life policy, it does not mean that you must waste money on a basic term policy. You can obtain a return of premium policy to obtain the benefit of coverage without the worries of wasting funds. Contact us to talk to an independent agent for more details about policy options.
You still need your auto and homeowners policies, even if you have umbrella insurance in Burlington, North Carolina. An umbrella policy works just like it sounds, to protect you better from rain, even when you’re wearing a rain coat.
Umbrella insurance protects you after your auto or homeowners liability coverage falls short, just like your rain coat. Umbrella coverage takes over after your auto or home insurance liability protection maximum is insufficient to safeguard your assets, such as your home.
Equally important, umbrella insurance will reimburse you for the costs you incur from defending a lawsuit, even if you win, that you must pay to your attorney. Understand and accept that you’ll need to pay expenses to lawyers just to defend even frivolous lawsuits.
Your top independent agent will work tirelessly on your behalf and recommend insurance protection that covers you sufficiently. Unlike captive agents that work for only one company, your independent agent in Burlington, North Carolina works for you.
There are few results more discouraging than the cost you face defending a groundless lawsuit. But, in America everyone can sue anyone for solid or frivolous reasons. You must defend yourself, even in these circumstances. Umbrella insurance coverage in Burlington, North Carolina protects you and your bank account from disaster. You still need your auto and homeowners insurance policies to be your first line of defense.
As your trusted independent agent, we’ll advise you on the best auto, home and umbrella policy for your situation. You can get multiple online quotes on our website to compare your coverage options. When you find programs you like, you can contact us to discuss the best insurance solutions for you. We are here for you.