Simply put, life insurance is an investment for the future. Is there a recurring cost in the short-term? Yes. Will you, personally, reap a financial reward from it? No. But in the event of your death it is a wonderful gift to bestow on your husband, wife or children. Investing in a life insurance policy gives your family a sense of security that will last long after you are gone. When they use the money to renovate their home, buy a new car or send a child to college, they will always remember where it came from.
Speak to a Regal life insurance broker today, and give your family the gift of financial security.
The Types of Life Insurance
There are three main types of life insurance:
- Term Life Insurance
- Whole Life Insurance
- Universal Life Insurance
Term Life Insurance
Term life insurance provides coverage within a specific time frame (i.e 10, 15 or 25 years). This time frame is usually the time frame during which your family would need the death benefit most, and offers coverage at affordable premiums. Of all life insurance options this one is the least expensive and most frequently purchased. To purchase this type of life insurance policy, speak to a Regal life insurance broker today.
Whole Life Insurance
As the name suggests, whole life insurance covers you for your whole life and also builds cash value while the premium remains level. Whole life insurance can also be borrowed against tax free. Unsurprisingly, the premiums for this form are significantly higher than those found in term life insurance.
Universal Life Insurance
Under the terms of a universal life insurance policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy.
Get Life Insurance Quotes Today
Call Regal and speak with an experienced life insurance broker today. Our seasoned experts will provide you with life insurance quotes that are tailored to your specific circumstances. Always at great value with i’s dotted and t’s crossed, your life insurance policy will be a wonderful safety net for years to come.