As a full-service agency — with an emphasis on service – We offer you access to a whole team of professionals who can help you make good decisions about your future.
Almost everyone can benefit from life insurance. It is the best way to ensure that your survivors remain financially secure. Life insurance serves several purposes. First, it can provide mortgage protection – ensuring that your family would not need to give up their home. It also serves as replacement for income lost by a family wage earner. It can also help pay for services provided by a family member who usually works in the home.
There are two basic types of life insurance – term and permanent.
Term insurance provides protection for a specified period of time, typically from one to 30 years. It pays a death benefit only if you die during this term. Some policies can be automatically renewed at the end of the coverage period, and some can be converted to permanent insurance without need for a medical exam.
Permanent (cash value) insurance provides life-long protection as long as you continue to pay premiums. The premiums are based on your age at the time of purchase, and generally remain level. They do not increase as you age. Therefore, the younger you are when you buy the policy, the lower the premium you will pay for the life of the policy.
Because premiums remain level, permanent insurance is more expensive than term insurance. But permanent insurance accumulates cash value, which may be refundable upon surrender of the policy. While the policy is in force, cash values can be borrowed against or used to pay premiums.
Insurance is really about protecting the important things in your life against the unexpected. So, anytime you make significant changes in your life it’s time to think about updating your coverage.
Here are some examples:
- A change in marital status
- An addition to your family
- Kids away at college
- Changes in your income
- A new job or new business
- Retirement
To learn more about life insurance, we invite you to contact our office during normal business hours to speak to a representative. Our local telephone number is (978) 534-8329 or toll free at (800) 348-7779.
Should you prefer to contact us by email to express your interest in obtaining a quote for life insurance, please include your name, telephone number and a best time to call in your email to us at info@legereins.com