What is the value in having a life insurance plan?

Residents in the Commerce, GA area will always have different personal insurance needs. A type of coverage all people here should take seriously is the need and requirement to get a life insurance plan. There are various forms of benefits and value that come when you do get a proper life insurance policy, which can make it a great form of coverage and investment. 

Benefits of Life Insurance

Provide Financial Protection for Dependents

A common reason that many people will get a life insurance plan is so they can provide financial protection for their dependents. When there are people that rely on you and your income, it is important you provide them with support if you were to pass away unexpectedly. The use of a life insurance plan is a great way to do this as it will offer an insurance benefit that you can build and curtail to meet your needs. 

Conservative Investment for Personal Portfolio

While life insurance is a great way to offer support and protection for your dependents, it is also a good investment option. One popular type of life insurance is whole life coverage. If you get a whole life plan, a portion of your payments will build in an account with interest. This can make it a conservative addition to any personal investment plan as you prepare for the future.

Give Us A Call

There are different benefits that come with having a life insurance policy in place. As you are looking to get the right insurance in the Commerce, GA area, it would be a good idea for you to speak with the Commerce Insurance Agency. The professionals with the Commerce Insurance Agency will give you the right guidance that you need to select a plan that will provide ideal protection and meet your needs. 

Why life insurance is so important for young families

If you have a young family in the greater Commerce, GA area, you can rely on the Commerce Insurance Agency for all of your insurance needs. Our team is here to help you protect your home, auto, and your life.

Life insurance for young families

When you have a young family, it’s important to plan for the future. Part of that planning should include a life insurance policy to protect your children in the event of the untimely death of yourself or your spouse.

In addition to providing the financial means for burial and other end-of-life expenses, an appropriate life insurance policy can also help in many other ways.

The death of a parent can be difficult at any age, but it may be even tougher for young children. In addition to losing a parent, there may be financial implications that come with a loss of salary. For example, if the main wage earner dies it may significantly alter the financial status of the family.

With a life insurance policy in place, you can ensure that your survivors will have the means to pick up the pieces without having to struggle with finances. Having to move out of the family home, or change schools can create an even heavier burden for children already dealing with the loss of a parent.

Be sure to protect your family, no matter what the future may hold, with adequate life insurance.

Is it time to protect your family with life insurance?

The Commerce Insurance Agency is here to provide our friends and neighbors in the Commerce, GA area with the insurance they need. If you would like to find out more about the life insurance options available in our area, give us a call today!

What Types of Life Insurance are Available?

Life insurance is more important than many people may think it is since it provides financial security for you and your family in the event of your death. It is especially important if you are the main income earner of your household since your income will no longer be available if you suddenly pass away.

Even if you have a life insurance policy for your employer, you will more than likely need more coverage than that type of policy normally provides. Life insurance will give you a sense of peace in knowing that your loved ones are taken care of no matter what the future holds. The staff at the Commerce Insurance Agency in Commerce, GA is explaining each of the types of life insurance policies that are available to help you decide which one is the best type of policy for you and your particular situation,

Types of Life Insurance Policies

There are many types of life insurance policies available and below is a detailed list of the three most popular types of policies.

Term Life Insurance Policies

A term life insurance policy only pays out if the person who initiated the policy passes away during the term that it is in effect. You can obtain this type of policy for one year or up to 40 or 50 years but once the term expires, there is no more coverage, and you will have to start a new policy. It may cost more in premiums when you start a new policy than the premium you were paying with your initial policy.

Universal Life Insurance Coverage

A universal life insurance policy is the most common one of the three types since it comes with a savings account type of option. This means you can actually borrow money from this policy while it is in effect which means you can pay off debts while you are still alive. This will provide peace of mind for you and your family since you can pay off the mortgage on your home ahead of time or pay off other debts that will lessen the amount of stress your loved ones will experience when you pass away.

Whole Life Insurance

A whole life insurance policy is also known as a permanent life insurance policy. It will pay out a death benefit when you pass away and you get to choose from the three major types of whole insurance policies, including variable universal, universal life, or traditional whole life.

To choose the best life insurance policy for you and your family, you can enlist the assistance of the insurance agents at the Commerce Insurance Agency in Commerce, GA. Call for an appointment today!

Understanding Life Insurance

You hear people talk a lot about investments and protecting their investments. Few people consider their families an investment, though. You have invested a lot of time and money into your family to make sure they have a happy, secure life. What happens to that investment, however, if you pass away? Will your family still be able to maintain that security and happiness? Understanding how life insurance is a protection for this investment is crucial. At Commerce Insurance Agency, serving Commerce, GA, we know how vital it is to have a good understanding of insurance topics so that you can make the best insurance choices. Keep reading to learn more about life insurance. 

How Does Life Insurance Work?

A life insurance policy is a type of insurance you purchase for your family’s benefit if you pass away. If you have a spouse and children or dependents who rely on your income, their lives will be drastically changed financially after you die. The life insurance policy is a financial tool you can use to ensure that your family’s financial needs can still be met after you are gone. 

You will make monthly payments on the life insurance policy while you are alive. Upon your passing, the policy’s value is paid to your family to help with your final expenses and help provide for your family’s needs. 

How Much Life Insurance Do I Need?

The answer to this question will vary greatly from family to family. How much life insurance you need will be based on what your family’s standard of living is. 

If you would like to learn more about life insurance, please call our friendly staff at Commerce Insurance Agency, serving Commerce, GA today. We will be glad to answer your questions.