Life Insurance Services

Understanding Your Insurance Options

There are numerous life insurance policies, but they generally fall into two categories - term insurance and permanent insurance.

Term insurance is intended to cover temporary needs. It is designed to protect you for a specific time and generally is beneficial only if you die during the term. This type of insurance makes sense only if you need coverage until a certain point in time. For instance, you decide to remain covered until your children graduate from college or a particular debt is paid off.

On the other hand, permanent insurance provides lifelong protection. As long as you pay the premiums, and no surrenders, withdrawals, or loans are taken, the assured amount will be paid to you in full. It is designed to last a lifetime and is priced accordingly.

It is extremely difficult to point out which insurance is better, as both have their advantages. It completely depends on your unique circumstances and financial goals. Thus it is important to meet with a qualified and licensed life insurance professional and choose insurance that will make sense for your particular situation.

Contact Noble Insurance Service for more information on the various life insurance options available. We have over 36 years of experience in the industry. Same-day appointments and various payment options available.