Depending on your income, life insurance is essential, especially if you have a spouse or children. But the options can be confusing. At Jagwan Insurance, we guide our Texas customers through the process of finding the right coverage for their families. A life insurance policy gives survivors financial security, burial expenses, and funeral costs. The money from a life insurance benefit makes it easier for your family to pay bills and rebuild their lives after a significant loss.
We offer our customers two life insurance forms: term and permanent.
Term Life Insurance
Term insurance is protection for a limited amount of time. If you die during that period, your family receives a death benefit. Term life insurance is suitable for short or medium financial goals. It gives your family a backstop in case you die before paying off a significant debt or putting your kids through school. Once the debt is paid or your kids graduate college, you no longer need the term coverage.
Permanent Life Insurance
Permanent insurance provides protection for the rest of your life. Permanent life insurance increases cash value as you make payments. Each monthly payment increases the cash value of the policy. If you avoid withdrawals or loans (or pay them back in full), your family will receive the full death benefit when you die.
The right life insurance for your family depends on your situation and financial goals. The best way to determine the amount of life insurance right for you is to get in touch with a qualified life insurance professional in Texas.
Please call Jagwan Insurance & Financial Services at (972) 414-2060 for a quote. An experienced agent will help you find the life insurance that best fits your situation.