How Freedom Life Insurance Can Help Provide For Your Family
When choosing between term life insurance and permanent life insurance there are a number of factors that play into which one is better for your particular needs. There’s some guidelines to consider when making this important choice.
Term life insurance is a great choice for those who need insurance for a specific amount of time. For example, some people just need life insurance until they no longer have others depending on their income, such as their children. They could just need life insurance until their child is out of college, for example. Follow freedom life insurance on facebook.
One of the best things about term policies is that they are the least expensive type of life insurance to get. Another reason to choose a term life policy is due to this very fact. If you need a large amount of life insurance but your budget for this type of policy is limited you get more bang for your buck by choosing this type of policy since they are the least expensive.
A permanent life insurance policy is more expensive but it lasts forever no matter how old you get. It also can help you save money as it builds cash value. This money grows on a tax-deferred basis and can also be borrowed against. Additionally, you can use these savings to pay the monthly premiums when you need to do so in a pinch.
A great company to talk to when you need a life insurance policy is Freedom Life Insurance, a company headquartered in Fort Worth, Texas. Their policies are sold in USHEALTH Advisors offices across the country. This is a privately held company that was established in 1956 and it is a subsidiary of USHEALTH Group, Inc.
The life insurance policies underwritten by Freedom Life Insurance give policyholders peace of mind that if something happens to them their family members are protected. They will have the money they need to live on and take care of financial needs such as their child’s college education. The beneficiaries of Freedom Life Insurance policies don’t have to pay federal taxes on what they receive and the policies are economical which monthly payments between $10 and $50.