Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship

Life Insurance Policies

What is life insurance? and which life insurance policy is right for you?

Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… the list and combinations seem endless. Do you know which life insurance policy type is right for you? At The Clay Paul Group we can help. Our dedicated team of life insurance professionals understand market and regulations and can find the right plan – or mixture of plans – for your specific needs.There are a number of things to contemplate when evaluating life insurance policies. The most significant of these will be to determine the total amount of insurance sought. The need for Life insurance will likely be the greatest once you have little kids in the family, and only one main source of income, or there's not enough saved to support your family should anything happen to you. Permanent life insurance, term life insurance, universal life insurance, variable life insurance, survivorship insurance; the combinations appear to be countless. Do you know what life insurance coverage type will be right for you? At The Clay Paul Group we could help. Our dedicated group of life insurance professionals understand market and regulations and will get hold of the appropriate plan or mixture of plans for your particular needs.

Term Life Insurance Basics:

• Coverage for a “term” or period of your life
• Lower premiums for a higher coverage
• Rates can change after specific terms expire.
• No equity – cannot be used as cash value

Permanent Life Insurance Basics :

• Exactly like it says – permanent, not for a specific period
• Protection carries with you your whole life
• Can build equity and have cash value
• Higher premiums then term life, but can be more valuable in the long run

Term and Life Together :

• Build lifelong base of whole live coverage
• Supplement specific times of your life with term insurance

When to choose term life insurance?

Most people choosing term life insurance have a strategy for long term net worth and need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it might make sense to have a term life policy to cover the mortgage and living needs until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.

When to choose whole life insurance?

Whole life insurance can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Many times whole life insurance policies will pay dividends - although not always.

With so many options many people find themselves overwhelmed when they receive a life insurance quote. Let one of The Clay Paul Group’s life insurance professionals put together the right life insurance policy for you. For more information on a Whole Life Insurance / Term Life Insurance policy contact, The Clay Paul Group at 800-604-0283 or fill out our online form above for your FREE Life Insurance Quote Today