Nothing makes one happier than being able to provide and be there for their family as they grow up and become successful. Unfortunately, the gift of life is not guaranteed to anybody and breadwinners may pass on.
Life insurance is an ideal way to ensure that your family will not struggle to pay the mortgage, school fees, and other basic needs when you are gone. At Focus Insurance, we will help find the best life insurance coverage for your family. Many of our clients prefer to discuss this type of insurance during a face to face consult and we very much welcome a vist to our office for a personal meeting. Focus insurance is located Eureka, MO and we service the entire St. Louis area. We are also licensed in 38 states.
Under whole life Insurance coverage, the amount of premium you pay doesn't change over the years. The amount on this coverage grows exponentially with time because it is not taxed and you can choose to be paid dividends after a period.
The cash value on this coverage also grows tax-deferred, so your death benefits increase over time. However, universal life insurance is flexible and allows you to choose the amount you want to go to your cash value and the amount you want to go to the death benefits. This means that you can be able to access the amount you put in the policy's cash value before you die.
Just like the other permanent life insurance option, variable offers a death benefit and cash value components. However, as the policyholder, you can choose to have your cash value policy invested in different options like equities. Depending on how the market performs, your benefits can go up or down, but they can't go below the set guaranteed amount.
Contact Focus Insurance to learn more about life insurance coverage options by calling or visit our office located in St. Louis, MO . Our experienced agents will help you evaluate the options and find a plan that works for yourindividual needs.
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