The Basic Types of Life Insurance
Once you have determined the right amount, the next step is to decide which type of coverage is right for you. There are two basic types: term life insurance and permanent life insurance. For many people, some combination of the two is the best fit. Your financial professional can help you understand the benefits that each type of policy offers, and help you determine the coverage that is right for you.
Protecting the financial security of those you love with life insurance is a caring and responsible act. It is also an important step in helping to secure their future. This is why it is important to have both the right amount and right type of life insurance to help protect your value as a provider for the people who depend on you.
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Making sure you have financial stability in place for your family should something happen to you is very important. Various Life Insurance plans are endorsed by the DC Bar and TriBridge Partners to help you provide financial security for your spouse, children, dependent parents, and other loved ones.
More than just paying immediate expenses, such as funeral costs or unpaid medical bills, these coverages can help your family with things like: