Life Insurance To Protect You & Your Family serving
Kerrville, TX & Friendswood, TX
Life insurance is a contract between an individual and an insurance company designed to provide financial protection to their loved ones in the event of their death. Upon the insured person's death, the insurance company pays a predetermined amount, known as a death benefit, to the designated beneficiaries. This financial support can help cover burial costs, medical expenses, outstanding debts, and other essential needs, providing peace of mind during a difficult time. We serve Kerville, TX, Friendswood, TX, and the surrounding areas.
Types of Life Insurance
Term Life Insurance:
Term life insurance offers coverage for a specified period, usually ranging from one to 20 years. If the policyholder dies within the term, the beneficiaries receive the death benefit. Once the term expires, coverage ends, but it can be renewed, or a new policy can be purchased. Term life insurance is typically more affordable and is ideal for those seeking temporary coverage to protect their family during specific life stages, such as raising children or paying off a mortgage.
Permanent Life Insurance:
Permanent life insurance provides lifelong coverage as long as premiums are paid. This type of insurance is more expensive than term life but offers additional benefits, including cash value accumulation. There are two main types of permanent life insurance:
- Whole Life Insurance: This policy features fixed premiums and coverage, making it a stable and predictable option. It also builds cash value over time, which can be borrowed against or withdrawn.
- Universal Life Insurance: Offering more flexibility, universal life insurance allows policyholders to adjust their premiums and death benefits. It also includes a cash value component that earns interest.
Why Consider Life Insurance?
Life insurance provides essential financial security and peace of mind, ensuring that your loved ones are taken care of in the event of your passing. It can:
- Cover funeral and burial expenses
- Pay off outstanding debts and mortgages
- Provide income replacement for your family
- Fund future education expenses for your children