Protect your family’s future by expecting the unexpected. We can’t predict what will come your way, but we can help you prepare for it, protect against it, and ensure the financial future your family deserves.
Purchasing life insurance is perhaps one of the biggest investments you can make into your family’s future. Talking about life insurance can be daunting, but that’s why Hinson Insurance Agency is here to help you find exactly what you need.
The most common types of life insurance are term life insurance, whole life insurance, and universal life insurance – but what does that mean?
Term life insurance provides coverage at a fixed rate of payments for a limited period of time – hence the name “term”. A term life insurance policy only pays out if the insured dies during the allotted period. Term life insurance is typically a budget-friendly option for insurance.
Whole life insurance provides coverage at a fixed rate of payments for the lifetime of the insured, for as long as the insured is paying premiums. A whole life insurance policy pays out at the death of the insured.
Universal life insurance works much like whole life insurance but allows for more flexibility. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest.
The cost of premiums for any policy depends largely on the age and medical history of the insured, as well as the chosen pay out amount for the policy. Our agents will be happy to talk to you about all of your insurance options and make sure that you get exactly what you need for your family.
Call 731-285-5969 today for your FREE quote, and to discuss your life insurance options.