Whatever point you're at in life, a life insurance policy may be a wise choice. Point
Insurance provides the personal touch you expect, helping make sure you are well
protected with the life insurance coverage that meets your unique needs.
Term life insurance provides life insurance protection for a specific period of time
and a cash benefit upon death. Premiums are generally lower than whole life
insurance, but can increase as you grow older. Whole life insurance, sometimes
referred to as permanent insurance, provides life-long protection but at a higher
initial premium than term life insurance. Along with a cash benefit upon death,
whole life insurance accumulates cash value over time.
It depends. The lower premium of term life insurance is attractive. However, if you
want coverage for a period that extends beyond the original policy length, you will
need to re-qualify in order to purchase a new policy. This will likely mean a higher
premium as you grow older. Oftentimes, a combination of term and whole life
insurance is the right answer.
Point Insurance professionals can help you determine the right amount of coverage
to give you peace of mind. Call us at 715-544-4665 or visit our office at the corner
of County Highway HH and Hoover Ave. in Plover, WI.