33 west walnut street, oxford, oh, 45056 -  513.523.7533

give me a quote on Life Insurance

Life insurance helps to ensure that your family and loved ones are protected against financial difficulties in the event of your death.  When combined with investments and good estate planning, life insurance is an essential part of a sound financial plan.  Life insurance generally falls into two categories:  Term Insurance and Permanent Insurance.

Term Insurance insures you for a specific amount of money for a designated period of time (often 10, 20 or 30 years).  This policy only pays out if you die during that time period.  Some of these policies can be renewed at the end of the term.  The advantage to term insurance is that initial premiums are usually low.

Permanent insurance provides lifelong protection.  Therefore, as long as you pay the premiums, the death benefit will be paid.  These policies are designed and priced for you to keep over a long period of time.  The most common types of permanent insurance are whole life, universal life and adjustable life insurance policies.  Many times these policies build up cash value that can be paid to the insured if the policy is surrendered before the insured dies.  Sometimes you can borrow against the cash value in your policy or even use the cash value to pay your premiums if necessary.  These policies are typically more expensive than term, but have more flexibility to change with the needs of the policy holder. 

At Beaton Insurance, we sell all types of Life Insurance Products.  If you would like more information on any of these policies, or to find out about disability insurance, please give us a call.

 

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