Life insurance (or life assurance) is often considered the cornerstone of sound financial planning. It is the contract between the policy owner (you) and the insurer, and states that the insurer agrees to pay a specified sum of money upon the occurrence of the policy owner's death and the policy owner agrees to pay a stipulated amount (premium) at specified intervals.
The need for life insurance will vary based on your age, health and responsibilities. The amount of insurance you purchase depends upon the standard of living you wish to assure your dependents. Which one of these is right for you?
- Term life insurance is the simplest form of life insurance. It pays the policyholder only if death occurs during the term of the policy (generally 1 to 30 years).
- Return of Premium Term Insurance
- Mortgage Insurance
- Universal Life
- Whole Life or Permanent life insurance pays a death benefit whenever you die (even if you live to 100).
Want More Information?
Contact Wilgus Associates, Inc. Insurance today to discuss your options including which life insurance policy best covers you and your loved ones and get an affordable life insurance quote in Delaware.
Bethany Beach Office: (302) 539-7511
Lewes Office: (302) 645-9215
Georgetown Office: (302) 855-0500
