Life insurance is simply a contract between the insurer and the policyholder. However, the emotions around life insurance are far more important. How do you care for your family in your absence begins with how they pay the monthly bills.
Life insurance is for those left behind
Term life insurance is normally very affordable coverage and provides death protection for a stated time period, or term.
It is well suited for short-range goals such as coverage to pay off a loan/mortgage, or providing extra protection during the child-raising years.
Everyone dies at some point in time. A whole life policy pays out when you do, no matter the age provided you have paid the premiums.
To get paid on a term policy, you have to pass during that term. Some choose whole life as a financial gift to loved ones, for estate planning, income replacement for a spouse and for overall peace of mind.
Choosing the right coverage for your needs.
- Generally, term insurance is more affordable than other types of life insurance.
- It is simpler to understand than “permanent” policies.
- Protection is only available for the term of the policy.
- it doesn’t provide certainty for future planning.
Let's plan it together.
PRP Insurance offers plans from a wide range of insurers, allowing us to shop and compare plan benefits.
Speak with a licensed agent and get expert advice on choosing a plan that’s right for you.
No Cost – No Obligation.