1942 W County Road 419, Suite 1000,
Oviedo, FL 32766
Having proper insurance coverage in place is extremely important. While most people know the importance of having a home, auto, or medical policy, you also need to make sure that you are properly covered with life insurance. When you are shopping for a new life insurance policy, there are many different options to consider. Two of the most common options are term and whole life insurance policies. It is important to understand the difference between these two policies when you are trying to get coverage.
For many people, one of the best options is to take out a term life insurance policy. This type of insurance will provide you with coverage for a certain period of time, which can range anywhere from 5 to 25 years in length. During this time period, you will make monthly premiums and will receive coverage up to the predetermined policy amount. The costs of the policy will vary based on a variety of factors including the policyholder's age, gender, and health factors. The monthly premium payments tend to be lower compared to other types of insurance.
Another option to consider is whole life insurance. With a whole life insurance policy, you will receive the coverage for the rest of your life, which means there is never any term risk. In general, the premiums that are paid tend to be more than you would pay with term life. However, whole life premiums also will be placed into an account that will appreciate in value and could eventually be liquidated. This makes whole life an excellent conservative investment option as well.
If you are in need of life insurance in Florida, meeting with our agents at The Wurzel Agency Inc. in Oviedo, FL is a great option. The Wurzel Agency Inc. has helped many Florida residents better understand their life insurance needs and options. Contact our offices in Oviedo, FL to have your questions answered and to learn how to get a quote.