Life insurance is, in many ways a necessary element in Surprise, AZ. Imagine yourself as the breadwinner of the family leaving your loved ones without even so much as a crumb to eat because you failed to prepare for the unexpected. Such is the case when you choose to go without life insurance.

Contrary to what some may believe, life assurance plans are not all the same. Some policies come with benefits that you can take advantage of while still alive. Other, more economic, plans only provide payouts to your loved ones upon your death. The agents at Giles & Iten Insurance are professionals who know the ins and outs of life insurance. They can explain the details and help you find the indemnity plan that assures your family’s financial standing after you have passed on. Read on to learn three basic concepts about life indemnity plans.

1. Term life insurance comes with benefits

Some people shy away from term life assurance because of its ability to provide a payout for a certain term. The notion of such a “temporary” fix to a permanent and inevitable issue seems irresponsible to such consumers.

Term life insurance, however, comes with several benefits. First, term assurance plans are cheaper than permanent life insurance, which means that you can get more for your dollar. You may also be able to avoid the dreaded physical examination that prevents many from having the whole life insurance policy that they desire. Some term life assurance plans even offer policyholders in the good standing the opportunity to convert to permanent life insurance with no physical exam. This means that you can take an alternative route to permanent life assurance.

2. Permanent insurance is higher for a reason

Those expensive premiums are not just there for the sake of insurance companies charging more. Whole life insurance comes with fringe benefits that include cash build up that you can use while you are still alive. Many policyholders find their way out of a financial bind by cashing in on the interest that has accumulated with timely payments on their whole life assurance plans.

3. You should consider several things before buying life insurance

You are making a big decision when you decide to buy life insurance. You should, therefore, have several questions for the assurance company handling your purchase and consider your lifestyle before selecting the amount of coverage you want in Surprise, AZ.

The agents at Giles & Iten Insurance understand the importance of having financial stability as represented through life insurance. Let them guide you through the process of getting the assurance policy that your family needs. Call today to get started with a quote!