Life Insurance
You and your loved ones can have a promising future if you have the right life insurance. The best thing about life insurance is that it can accomplish the promises made to your family if the worst happens. It is not advisable to leave your family’s future to chance.
Some changes that may necessitate you to change your life insurance policy include:
- Marriage or Divorce
- New child or grandchild
- Opening or expanding a business
- You are providing financial care to a parent
- Your health or spouse’s health has worsened
- You bought a new home
- Your child or grandchild needs a long-term assistance
- You are concerned about retirement income
- You have a sizable estate
- You have lately acquired an inheritance share
Request Quote
Click the hotspots on the map & view risk factors & solutions.
There’s more to insurance than the price of the policy.
Explore our interactive graphics and learn about your unique risks and the related insurance solutions.
Mortgage & Housing
Risk Factor
You do not lose any financial obligations or debts after your death. One of the most important and most expensive properties you own is probably your home. Couples and partners are often burdened by mortgage or rental payments.
Solution
In the event of your death, your spouse or children can take care of your debts and avoid the stress of having to make mortgage payments.
Automobile Payments
Risk Factor
Automobiles are often leased or financed these days by many families. An automobile payment could be outstanding for years if the family's primary earner died.
Solution
Your spouse or children would be able to repay your outstanding debts through a life insurance policy, saving them from having to make monthly payments on your car or cars.
Retirement Savings Protected
Risk Factor
If you have a pension or retirement fund, you will live off of social security once you retire. How about if you have been funding a surviving spouse's retirement? Social Security benefits can be affected by the unexpected death of the main earner.
Solution
With a life insurance policy in place, surviving children and spouse are able to support themselves.
Burial Expenses
Risk Factor
Even without unnecessary options or luxurious services, a funeral can cost upwards of ten thousand dollars, a huge expense out of pocket. It's stressful enough to lose a loved one; what's the point of adding the stress of a funeral bill?
Solution
There is no need to worry about funeral costs if you have life insurance. Having a funeral that is affordable for your family will give them peace of mind without having to worry about funeral costs.
Providing for Family
Risk Factor
The journey of raising children is rewarding, but it is also very costly. Bringing a child to adulthood can cost hundreds of thousands of dollars, and college expenses and their cars can also be extremely expensive. Would your child be able to feed, clothe, receive day care, and attend school if you were to die tomorrow?
Solution
Your children can benefit from life insurance if you die untimely. In the event that your child needs everything he or she might need during their childhood, a life insurance policy could provide enough income to cover the expenses.
Income Replacement / Support for Spouse
Risk Factor
It is a common misconception that if your children are grown or you don't have children, you don't need life insurance. Upon your death, your family will be responsible for your financial obligations.
Solution
If you pass away before your spouse or adult children are able to maintain their lifestyle, life insurance can replace the income you would normally contribute.
Click the hotspots on the map & view risk factors & solutions.
What You Need to Know
We can help you choose the ideal life insurance policy that covers your requirements. The common types of life insurance products you can choose from include:
Term Life Insurance
It offers protection for a particular period. A term life insurance provides you a good starting point because it’s cheaper than permanent life insurance. It is also available in various periods with fixed premiums. What’s more, term life insurance is convertible to permanent coverage to give you the much-desired changes.
Universal Life Insurance
It is typically permanent life insurance characterized by flexible premiums, unbundled pricing structure, and face amounts. Universal life insurance can create cash value, meaning you can earn an interest that adjusts periodically. However, it shouldn’t go below a specific percentage.
Whole Life Insurance
It’s a type of permanent life insurance that stays in place for your entire lifetime as long as the premiums are reimbursed as articulated in the coverage. A whole life coverage offers you an investment opening as it can build cash value over time.
Get in Touch
The Amount You Want to Cover
Your Selected Policy Options
Your Policy's Set Coverage Limits
Why You Need Life Insurance
Having the ideal life insurance policy gives you the chance to plan for your present and future. Life insurance offers assurance for your family following your demise. Also, a life insurance policy may provide other benefits and investment prospects you can use while you are still alive. Here are the benefits of life insurance:
Death Benefits
Should you pass away, life insurance offers a tax-free income to your named beneficiaries to use to pay funeral expenses, estate taxes, education, debt, or other financial requirements. The policy comes in handy in offering security for your business, too. For example, it allows partners to acquire the interests of a departed partner and, in the process, avoid a forced liquidation.
Living Benefits
A whole life insurance policy’s cash value growth is tax-deferred. Merely put, it means you don’t pay taxes on the cash value’s growth unless you withdraw the money. You can withdraw or take loans against the cash value of a permanent life insurance cover to help you pay for various expenses like home down payment or college tuition.
Let's Get Started
STEP 1
Complete the form
STEP 2
Review Policies
STEP 3
Start Coverage Fast
Contact Giddings Agencies
*indicates required fields
