What will happen to your family and your life savings if the unexpected should occur? It’s not something people like to think about, and at Brad Sizemore Insurance, we understand that. Pursuing life insurance can be a difficult decision, but it’s an important one that can ensure a bright future for your loved ones.
Life insurance provides a monetary benefit to a decedent's family or other designated beneficiary, and can also specifically provide income to an insured person's family, burial, funeral and other final expenses. You may choose the beneficiary of your policy to be paid in a lump sum or annuity.
Preparing You for the Unexpected
Your options for life insurance policies vary and may sometimes involve your retirement. They’re a great way to save up money for your children’s future and in case the worst should happen to you. Many people take out life insurance policies once they have children or acquire a great deal of wealth to ensure everything is handled properly in the event of their untimely death.
Certain life insurance contracts accumulate cash values, which may be taken by the insured if the policy is surrendered or which may be borrowed against by the policyholder. As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure these strategies and products are suitable for your long-term life insurance needs. You should weigh your objectives, time horizon and risk tolerance as well as any associated costs before investing. Also, be aware that market volatility can lead to the possibility of the need for additional premium in your policy.
Variable life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs.
Please contact Brad Sizemore Insurance for more information or for a life insurance quote.