Benefits of Having Life Insurance Coverage
There are many benefits to holding an active policy. The benefit of coverage today gives you the peace of mind that your loved ones will be cared for financially in the event for your death. A policy allows you to plan for, and meet many financial obligations that may be passed on to your family if no such plan is in place. These obligations may include payments on your home mortgage, business loan or ensuring your children's college is paid in full. Another advantage of coverage is you can purchase the amount of protection specific to y our financial needs and circumstances. Insurance is simply an affordable way to protect your family's financial future.
The simplest type of policy is known as term insurance. It is good for a particular period or "term" of time ranging normally from 10, 20 or 30 years. Term insurance guarantees that your coverage amount remains level for the lifetime of the covered individuals. To determine the amount of coverage you should purchase, you can use our online insurance coverage calculator to predict your coverage needs. When you know the policy amount you need, you can also use our simple quoting process to get a term insurance quote online. You can also get life insurance plans that last for life; these are known as permanent life plans. These types of policies are guaranteed to provide a death benefit as long as the policy is kept active. IntelliQuote® can provide quotes for both of these types of policies and help you choose the most suitable plan.