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Life Insurance

Life insurance is one of the most important purchases you will make in your life. Your family only receives the benefits if you have an active life insurance policy at the time of your death. So, you need to make your choice wisely because once you do, you can not back out of it.

But taking this step means having the sense of security that comes with knowing your family is financially secure. In the case of the unfortunate yet inevitable, your children, your spouse, and even your parents will not suffer financially. Over thirty percent more Americans will spend their money on car insurance than they will life insurance every year.

What are the types of available life insurance?

When it comes to life insurance, you have two main types.

Term Insurance

This kind of policy has a maturation date. So, your plan automatically ends after a particular time, be it ten, twenty, or forty years. It has low returns. However, it is also cheaper and comes with the opportunity to upgrade to a permanent plan later on. Term insurance is a policy younger people prefer because it gives them time to improve their living standards before they have to commit.

They can purchase a less expensive plan now and upgrade it later on in life when they have dependents, and it becomes necessary to have that safety net.

Permanent Insurance

Permanent insurance is the real deal. It only matures at the time of death and provides lifetime coverage. The returns are higher. This type of policy ensures that your loved ones receive enough money that necessary expenses and bills are covered, funeral and burial costs are paid, and any outstanding debt is settled.

While you may receive life insurance through your employer, it is a small sum and becomes null and void in case you are fired or quit your job.

For more information on our policies and the benefits you can receive by investing in Investment ORG, contact one of our professionals with your personal information. Our experts will review your information and get back to you with a personalized, full-coverage plan.