The Skipworth Agency

Life Insurance to Help Your Family in Roswell Georgia

Is your family dependent upon your income? Perhaps you’re the sole or main income provider, or you have a family business that may not be able to run without you. They’re all good reasons to consider taking out a life insurance policy.

You’ll need to decide Term vs Whole Life Insurance will suit your circumstances. Don’t know the difference? Here’s a simple explanation:

 Term life is a policy with a limited term. It may be just one year, or it may be twenty or more, or anything in between. Term life policies are usually much cheaper than whole life ones. You may choose a term policy if you can’t afford whole life premiums. Another reason to choose term life is if you believe the coverage wouldn’t be necessary after the term expires. For example, if your children are nearing college age now, you might take out the policy to cover their college years and the next few years during which they’ll be establishing their careers. In other words, the term ends at a time when you believe they’ll be financially independent and wouldn’t be disadvantaged by your departure.

 Whole life is just that. The policy usually ends when you die and the benefit is paid to the beneficiary. This is useful if you want to provide an inheritance for someone or make a charitable donation.

Need more information? Enquire online now or call us to discuss your requirements.