We’ve done our best to help you Understand Life Insurance and explained the differences in Whole & Universal Life as well as Mortgage Protection and Term Life products. In this article we’ll explain the basics of Annuities.
An annuity is an investment product offered by an Insurance company that, in some cases, carries a death benefit option, and is designed to protect in the instance one outlives his or her pension, retirement benefits and/or savings.
In our post, Understanding Life Insurance, we mentioned Whole Life, Term Life, Universal Life and Annuities and we discussed the differences in Whole and Term policies. Today we’ll talk about the differences in Whole and Universal Life insurance products.
Recently we did a post on Understanding Credit Life / Disability and Gap Insurance. Today let’s look at the difference in Mortgage Protection and Term Life policies.
Mortgage protection insurance is normally obtained through your lender at the time of a home purchase or when refinancing a current mortgage. Yet many people opt out of this coverage because it increases their house note.
That’s only one of several reasons you should purchase a separate term life policy instead of mortgage protection. Here are a few others….
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