The Ongoing Benefits of Life Insurance

Life insurance is one way to protect your family.  It can provide for your children should you or your spouse unexpectedly pass away.  This is primarily how people think about life insurance but it can provide many more benefits.  It can cover the final expenses and the cost of the funeral.  It can also be used to ensure that your children have funds for their college education.  You are also able to designate funds to support a favorite charity.  That’s more benefits than most people know that they have.  At Luebbering Insurance Agency LLC, we work with residents in the Jefferson City, MO area to understand how life insurance can benefit them. 

When talking with your agent, they will give you some things to think about regarding the type and amount of life insurance that would be best for you and your family.  The decision on the amount also needs to include the effects of estate taxes and inflation.  Term life and whole life are the primary forms of life insurance.  Term life policies provide coverage for a predefined period of time.  They can be renewed but each renewal costs more each time.  Also, they don’t build cash value over time.  Their premiums are lower making them more economical.  The other option is a whole life policy, which stays active during the policyholder’s lifetime.  Premiums will be higher but they build cash value that can be borrowed against.

At Luebbering Insurance Agency LLC, our agents work hard to help families in the Jefferson City, MO area understand the multiple benefits that life insurance policies offer.  Considering life insurance brings up many questions and we’re here to help!  For general information, peruse our website then contact us.  You work hard for your family.  Take the steps to protect their future.