Celebrate Insurance Awareness Day: Learn About Life Insurance June 3, 2019 No person’s life is the exact same as someone else’s, so why should your coverage be? You can and should have a life insurance policy tailored to your unique needs. To celebrate National Insurance Awareness Day this year, we are sharing information about the different types of policies and which may fit your lifestyle best. Life insurance can serve as a safety net for you and your loved ones. It may bring you peace of mind knowing your family’s financial future is protected if anything were to happen to you. It could help your family continue to pay for things, like the mortgage. We offer three categories of policies: term, whole life and universal. Term Life Insurance One of the most affordable options, this policy protect your family or business for a set amount of time or for a set “term.” Coverage ends when the term ends or until you choose to convert to a different policy. These are recommended for those just starting out, whether raising a family or building a business. You can read more on the different types of term policies we offer here. Whole Life Insurance This coverage, named for its length of protection, provides permanent coverage for your entire life. This policy will give your family protection upon your death and access to the accumulated cash value while you’re alive. Our Whole Life policy can give you and your family lifetime protection. Universal Life Insurance Life can take some unexpected turns, so having flexibility is invaluable. Universal policies allow this flexibility when things may not go as planned. It is a form of Whole Life that provides lifetime coverage, while also allowing you to adjust things in your policy along the way, like premium payments and death benefits. Our Universal Policy is a great way to make sure you can adjust your policy when life throws you a curveball. Try Our Calculator Our life insurance calculator can help you understand the amount of coverage that is right for you! Learn more about the right coverage for your unique needs by contacting an OKFB agent near you.
