Life insurance guarantees financial protection for your loved ones in their most vulnerable moments. Find out what you need to know to make an informed decision.
A life insurance policy ensures that your loved ones will receive a lump-sum payout, known as a death benefit, if you pass away while your policy is active. This payment is generally tax-free and can be used to cover things like mortgage or rent payments, education costs, funeral arrangements, and more.
Term life insurance uses premiums to cover you for the determined “term” of the policy. Coverage expires if there is no claim within that timeframe. Term life can b e a good match for someone seeking affordable coverage to replace lost income over a critical period, such as while raising children or paying off a mortgage.
Whole life insurance lasts your entire life if premiums remain current. Whole life policies also have the potential to accrue cash value, depending on the policy. For these reasons, whole life insurance premiums are typically higher than term premiums for the same coverage amount.
Employer-sponsored policies typically offer coverage that is about 1 – 2X your annual salary. Financial experts recommend having coverage that is about 10X your salary.
We offer multiple companies life insurance policies. One of the quickest ways to get a quote and find out what you qualify for is use the tool or link below.
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Neither JOBRAN Insurance nor its agents are connected with the Federal Medicare Program.
“We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.”
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