Life insurance offers numerous options, with each type suited to different individual needs. While you may be interested in getting coverage for your retirement years, other policy holders may be interested in getting coverage to help their dependants take care of their daily expenses. To figure out your ideal option, Luebbering Insurance Agency LLC takes you through various options to consider looking into within the Jefferson City, MO area.

Term Life Insurance

Term life insurance refers to life coverage that lasts for a given time frame. If you die within the stipulated number of years, your beneficiaries receive their benefits, with the payout helping them cover expenses such as child care costs and estate expenses. If, however, you outlive the policy, your beneficiaries lose out on their payout, and your cover expires. Unlike other life insurance options, term life insurance can be converted to permanent insurance, allowing you to get coverage for an increased duration.

Whole Life Insurance

Whole life insurance refers to coverage that protects you for your entire life. This policy builds cash value during its use and allows policyholders to redeem it after some time. Based on your underlying needs, you can surrender your whole life insurance, helping you get a retirement plan for use. If, however, you prefer using it for the long term, your beneficiaries will still be eligible to get their death benefits once you pass away.

Universal Life Insurance

Universal life insurance is the second type of insurance that offers permanent coverage until you die. It also comes with a cash value feature, with your beneficiaries eligible to receive their payout when you pass away. Universal life insurance offers flexible terms, unlike whole life insurance, allowing you to take care of various life changes as needed. These can be moving to a new house, getting a new job, or catering to the child care costs of a newborn.

If you need life insurance within Jefferson City, MO, call Luebbering Insurance Agency LLC today to keep you and your family protected.