Life Insurance

Life Insurance

There is nothing more valuable than your family. And while discussing the need for life insurance isn’t a fun topic, securing proper life insurance coverage for you and your family is one of the most important decisions you can make. At Huwel Insurance, we help make this decision easier by providing the best options available to meet your current needs. And we’ll be with you as changes arise and your family grows to adjust your policy as needed. Our dedicated team has decades of experience in the insurance industry and our client-focused approach sets us apart from everyone else!

 



How Life Insurance Works

There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.
Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.
Permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.
It’s impossible to say which type of life insurance is better because the kind of coverage that’s right for you depends on your unique circumstances and financial goals. But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional that will help navigate your options, choose the right coverage for you, and update your coverage as you age.