If you die without life insurance, you aren’t likely to need it ever again. But what about your family? Every living adult needs some form of life insurance. Whether you are a young adventurer bent on taming the Alaskan wilderness or a stay-at-home mom, you need to make sure your family will have money to pay your final expenses in the event of your untimely demise. If you are a primary wage earner for your family, you need enough life insurance to help your family make ends meet after your death. Malone Insurance can help.

Insurance for Your Life Circumstances

Your life circumstances should be carefully considered as you choose a life insurance policy. Do you have a steady income that will help you remain current on premiums? Do you have a family needs a reliable income even if you die suddenly? Do you have a mortgage or other debts that will need to be paid after you pass away? The insurance professionals at Malone Insurance can help you evaluate these and other factors.

Types of Life Insurance

There are two primary types of life insurance: term life and whole life. With a term life policy, you are only insured for a set period of time. If you die during the time period and have stayed current on premiums, your beneficiaries will receive the death benefit. With a whole life policy, you are insured for life. As long as premiums are paid as set forth in your policy, your beneficiaries will receive the benefit at the time of your death.

Term life policies are great for people just starting out with life insurance. These policies tend to be more affordable and can be a great way to protect a young family. Whole life policies are more expensive but also more flexible. They provide a death benefit but can also be used as an investment in case of emergency or in the event that you outlive your savings.

Contact us today to learn more about life insurance from a dependable independent insurance company. We look forward to helping you protect the ones you love.

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