Protect Your Family with Life Insurance
While we can’t predict the future, we can definitely prepare for it.
Today, families are concerned about inflation, healthcare costs, and outliving their money in retirement. At MMC Insurance, we provide comprehensive solutions designed to help you achieve financial security—for life. Ask us about cost-effective life insurance options today!
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Life Insurance 101
Life insurance is a contract between you and the insurance company. It gives you peace of mind while you’re alive and financial support for your family when you’re gone.
How much the death benefit is worth will depend on the policy. There are different types of life insurance for different stages of life. The two main types of term life and whole. Then there is universal life insurance.
Do You Really Need Life Insurance?
If anyone relies on you for financial support, you need a life insurance policy. It’s the smart, responsible thing to do.
Choosing a Beneficiary
Because your beneficiary might be receiving a large sum of money, you must pick someone you can trust. You should also make them aware of your policy and the responsibilities that they may have in the future.
Many choose a family member or a close friend to be their beneficiary. However, it is possible to choose an organization. If there’s a charity that you strongly believe in, then naming them as a beneficiary is a great way to leave behind a legacy and help those in need.
Which Type of Life Insurance May Be Right for You?
Term life provides affordable protection for a set period. The premium is initially lower than the premium for a comparable whole life insurance policy. If you have a young family and need temporary life insurance protection, get this policy.
Whole life insurance is a kind of permanent life insurance. As the name indicates, it lasts for your entire life. Pay the premiums, and your beneficiaries will be taken care of when you pass away. It also has a cash value component.
Whole life is typically best for high earners and those with long-term financial responsibilities.
This is a type of permanent life insurance. It combines a cash value component with lifelong protection, making it a great option if you have long-term savings goals.
Universal life has some additional features:
- Flexibility with premiums
- Adjustable death benefit
- Cash value earns interest
- You can withdraw money or borrow against the policy’s cash value
Final expense, aka burial insurance, is a type of whole life insurance designed for seniors. It’s an affordable way to manage finances for the end of life, such as funeral costs, medical bills, etc.
Even with health issues, you can still qualify for a final expense insurance policy.
To get a crystal clear view of which policy is right for you, book an appointment with MMC Insurance LLC. We’ll get to know your situation and help you find the product that fits.
Call Us Today
Take a minute and consider all the reasons you might need life insurance. Then call us at (772) 266-3056.
Disclaimer: By submitting your information, you give us permission to contact you.