Many people rely on us, which makes it important always to carry a life insurance policy. Life insurance protects those you will leave behind someday. It's important to understand the types of life insurance. Learn how they work, and which type you may need to get.
Contact us at Ziegelbauer Insurance in Wisconsin when you want to get started.
Whole Life Insurance
When you get whole life insurance, it comes with a lot of helpful benefits. With a whole life policy, you pay premiums as agreed, and you can keep the policy for as long as you want. You can even keep it through your elderly years. The amount you pay tends to be relatively high because the policy lasts through your old age. You can keep the policy as long as the premiums are still being paid. As you pay the premiums, the insurance company invests those funds for a profit. A small percentage of the profits they earn build up as a cash amount you can borrow. Many people like the peace of mind this brings in case of an economic emergency in your household.
Term Life Insurance
This type of insurance doesn't build a cash value. The policy is suitable for a specific number of years, and then it will expire. However, this type of life insurance is far less expensive than whole life policies. It tends to be highly affordable for those with a smaller insurance policy budget. These policies often have large amounts of life insurance for a small price. If you understand that the term of the policy eventually ends, this can be an excellent way to have life insurance on a budget.
Protect Your Loved Ones
When you have a life insurance policy, you are protecting those around you from economic hardship. To get your policy in Wisconsin, call us at Ziegelbauer Insurance.