If these times have taught us anything, it has well informed us all, that we always need to be prepared with life insurance. At Borman Insurance Group, we cover the state of Indiana with premier life insurance plans. While considering your options, think about how many people are dependent on you. It will aid in choosing the right amount of coverage for your family.
Permanent Life Insurance
Permanent life insurance comes at different premium levels. Overall, the policy will last throughout your if you keep your premium paid up. As your policy grows in cash value, you are able to withdraw some of that value or even borrow against it.
We also provide you with the ability to add a policy for a "provision", and that individual will not have to have any kind of medical exam. Nor, will they have to prove their "worthiness" of being insured. Lastly, your premiums are changeless. It will stay the same.
Short Term Life Insurance
The costs for short term life insurance are low, in the early years. They are good to help absorb costs like car loans and mortgages. One thing to note is that short term life insurance is made for short term coverage. So, you would not want to stay on it too long, because premiums do increase over time.
It would make much sense to go with permanent life insurance, to get a lot more benefit from the cost of the premium.
Are you ready for a more in-depth conversation? We service all of Indiana and would love to have one of our agents construct a policy for your specific needs. We are here for you. Reach out to at Borman Insurance Group, for a no-obligation quote.