According to LIMRA, 35 million American households do not have life insurance. Are you one of them?
Many individuals do not think twice about life insurance. Why? After numerous studies and surveys, there are two main reasons. For one, there are competing financial priorities, and two, because many individuals believe that they cannot afford it. In fact, a recent LIMRA/LIFE study found that Georgia consumers overestimate the price of life insurance by as much as a threefold! Fortunately, our agents at Lloyd Pro Group are here to prove to you that life insurance can be affordable.
The cost of coverage depends on a variety of factors, such as your health, age, hobbies, lifestyle, and more. It also depends on the policy that you choose to purchase. There are a number of options available, including the most popular: term or whole life insurance.
Term Life Insurance
Term life insurance is designed to pay a death benefit ONLY when death occurs during the policy period, which may range from 5 to even 30 years. This policy is the most simple form of life insurance and may be the most affordable, for some.
Whole Life Insurance
Whole life insurance is designed to protect the insured’s entire life, or as long as the premium is continually paid. This policy can build equity over the years and have cash value. While this policy may be more expensive than term life insurance, it can be more valuable in the long run.
Other options may include survivorship, variable life insurance and more. Our agents can discuss these options in further detail with you.
It may seem overwhelming to plan for the future, especially with so many options at hand. However, the experts at Lloyd Pro Group can help among several financial strategies, designed to protect your assets and secure a comfortable retirement. Our experienced consultants can ensure that you have the most appropriate plan for both you and your family’s needs.
To learn more about our life insurance options, please call 877-341-5728 or fill out a free quote form. Remember to ask if you qualify to get a discount by combining it with your insurance coverage. If you would prefer to speak with our agents face-to-face, do not hesitate to stop by one of our four locations: Atlanta, Duluth, Decatur, and Douglasville.