Life Insurance in Rockville Centre, New York
Life insurance is essential coverage. Ensuring the financial stability of your family and loved ones is vital. Life insurance can help provide financial assistance to your loved ones when you’re no longer around to do so. Selecting the right policy may be difficult, but United Benefits Solutions is here to help guide you through the process.
What Is Life Insurance?
Life insurance is coverage that works like most insurance policies. In exchange for an insurance premium you pay your provider, your beneficiaries will receive a designated amount of money called a death benefit following your passing.
Life insurance is generally purchased as two primary options. Permanent or whole life insurance is coverage you have throughout your lifetime. Term life insurance is coverage that only provides financial protection for a term or period, often in 10-, 20- or 30-year increments.
What Does Life Insurance Cover?
Life insurance varies among policyholders. Life insurance covers most causes of death, and death benefits can be used for various needs of your beneficiaries, but some common uses include:
- Tuition payments
- Rent or mortgage payments
- End-of-life expenses
- General expenses (e.g., bills and groceries)
While these are some common uses for life insurance, your beneficiary may choose to use the death benefit for other essential costs.
Is Life Insurance Expensive?
Life insurance coverage rates often vary significantly among policyholders. Permanent or whole life insurance tends to be more expensive than term life insurance because it provides coverage for a more extended period. Your insurance carrier may use factors such as your age and health history to determine how much to charge you for coverage. The United Benefits Solutions agents can help you learn more about policy rates.
How to Get Life Insurance
If you’re in need of a life insurance policy, we’re here to help. Give United Benefit Solutions, LLC a call or request a quote online to get started.