Life insurance is not a topic most people enjoy. It’s difficult to think about you or your loved ones life ending. Because of this, many people wait too long to consider buying life insurance. Being older, ill, or having significant debt can raise your premiums or make you ineligible for a policy.
Even though you may not think you need a life insurance policy now, it’s a good idea to speak to an agent about your options. When you discuss life insurance with someone at Navisure Insurance Group, you can be confident you're speaking to a considerate and compassionate agent who will help you find the right insurance policy for you.
Life Insurance Options
Term Life Insurance
Term life insurance is a type of life insurance that provides coverage for a specific period of time, such as 10, 20, or 30 years. If the insured person dies during the term of the policy, the death benefit is paid to the beneficiaries. If the insured person does not die during the term of the policy, the policy ends and no death benefit is paid. Term life insurance is generally less expensive than permanent life insurance, such as whole life or universal life, because it provides coverage only for a specific period of time.
Whole Life Insurance
Whole life insurance is a type of permanent life insurance that provides coverage for the entire lifetime of the insured, as long as the policy remains in force and premiums are paid. It also builds cash value over time, which can be borrowed against or used to pay premiums. Whole life insurance policies generally have higher premiums than term life insurance policies, which provide coverage for a specified term.
Annuities
An annuity is a financial contract in which an individual gives a lump sum of money to an insurance company in exchange for regular payments in the future, typically in retirement. These payments can be made for a specific period of time, such as a set number of years, or for the lifetime of the annuitant. There are different types of annuities that Navisure offers, including fixed and fixed indexed annuities, each with its own set of features and benefits.