We have insurance on almost all the material things we own, but never think of ourselves. Think of your children, spouse, siblings, parents, and anyone who depends on you. What would happen to them when you are gone? Life insurance is the answer. It gives you peace of mind knowing that you have provided your loved ones with the financial stability they will need during the most difficult time of their life. That said here are some of the facts you didn’t know about life insurance in Ball Ground, GA:
A source of income if you are disabled
You can receive benefits when still alive. Policyholders suffering from terminal or critical illness to an extent they can’t perform their daily activities, can tap into part of their benefits.
Builds up cash value
Life Insurance increases in value over time. The premiums you pay to your policy grow at a given interest rate. The extra cash value is yours to use should you need it.
Affordable premium rates
Just like any other insurance policy, you can get a policy at different premium rate; expensive or cheaper. You can also reduce your premiums by staying healthy.
Other Uses of life insurance
Life Insurance can be used by the beneficiary for any financial need they have. Whether it’s paying the mortgage, loss of income or even settling debts.
Permanent or Term life insurance
With term life insurance you get coverage for an exact period of time while for permanent life insurance you get long term coverage for as you live. If you live in Ball Ground, GA then, contact a local agent at The Sanford Group, to know which one suits you the most.
It’s important to re-evaluate your policy especially when you undergo major life transformation. Take the right step in taking care of your loved ones even when you are gone.
Contact The Sanford Group today and get all the information about Life Insurance including commercial life insurance.
