What Types of Life Insurance are Available?

Life insurance can help you protect loved ones or even business partners in the event of your untimely passing. This type of insurance is an essential financial planning tool for almost anyone. If you want to learn more about life insurance coverage options, contact the experts at Commerce Insurance Agency, proudly serving the residents of Commerce, GA. 

Life Insurance Options

Individuals who want to secure a life insurance policy should know they have a few options. The most popular and beneficial is whole life insurance. Over time, it builds value you can borrow against after a specified time frame. This can be handy for retirement or unexpected emergencies in the future. 

Term life insurance is a policy with a flat rate payment plan for a specified time rather than a lifetime. You collect the designated amount on the policy if a death falls into the outlined incident scenarios. This policy expires after the specified term with no further borrowing options. 

Universal life insurance protects your policy for your entire lifetime. You need to ensure the payments are made up to date, and you are covered if your death falls within the terms and conditions of the policy. 

Other life insurance policies include senior, variable, and group life insurance. If you would like to know about these life insurance options, one of our professional team can assist you and get you covered. 

Reach Out To Us Today

We can assist you if you want to secure life insurance coverage for your family or business partner. Call or stop by Commerce Insurance Agency today and let us help you get access to a policy that works for your needs. The residents of Commerce, GA know they can count on us to protect the things that matter most.