Life Insurance is not only the cornerstone of a solid financial plan, but it's hands down one of the most cost-effective ways to protect the people who depend on you financially.
Finding the right life insurance products can be challenging in today's insurance environment. At Paschall Insurance Group, we make the process of buying life insurance extremely simple.
We offer a complete line of individual life insurance products tailored to meet you and your family's specific needs. Because we work with several top-rated insurance companies, we are able to find the best possible life insurance policy coverage and benefits you want and need.
Life Insurance Made Simple
When purchasing life insurance, there are a few things to consider. Do you want Term life insurance or Whole life insurance?
Term Life Insurance will cover you for a specific term (hence, the name). It will expire once the term ends with no cash value (usually between 5 to 25 years). After the term expires, the premium will increase. Term life insurance is extremely affordable.
Whole Life Insurance will cover you for your entire life. It surrenders with cash value. Premiums are higher as part of the premium is used for investment.
A Whole Life Policy offers flexibility allowing you to take a policy loan and withdraw a bonus for participating plans. The premium for a whole life policy remains level for a lifetime.
How Much Life Insurance?
Another question to ask yourself is, how much life insurance do I need?
A mistake that we often see people make is basing their life insurance coverage on a guess or just grabbing a number out of thin air without realizing the impact that inflation can have on their life insurance proceeds.
One of the benefits of working with an independent agent is that through a comprehensive needs analysis, we determine the exact amount of life insurance coverage you will need to protect the people who depend on you the most.
The amount of life insurance coverage needed depends on a number of different variables. Here are a few examples:
- How many children you have
- Your future earnings potential
- Whether or not you are married
- Your spouse's future earnings potential
- The age of you and your spouse
- Amount of debt you have
Paschall Insurance Group can help you make sound, informed decisions about issues affecting your life insurance needs. Our philosophy is to fully understand your objectives and then translate them into solutions that provide you assurance and peace-of-mind.