Life Insurance St.Petersburg Florida
We understand most people don't even consider life insurance until they get older but, life insurance is necessary for people of all ages; it is much more important than many realize. The reasons why you should purchase this type of insurance can vary and sometimes it is confusing to decipher what type of life policy you should buy. Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… the list and combinations seem endless. Do you know which St.Petersburg Florida life insurance policy type is right for you? At Brinker Insurance we can help. Our dedicated team of life insurance professionals understand Florida’s market and regulations and can find the right plan – or mixture of plans – for your specific needs.
Florida Term Life Insurance Basics:
- Coverage for a “term” or period of your life
- Lower premiums for a higher coverage
- Rates can change after specific terms expire.
- No equity – cannot be used as cash value
Florida Permanent Life Insurance Basics :
- Exactly like it says – permanent, not for a specific period
- Protection carries with you your whole life
- Can build equity and have cash value
- Higher premiums then term life, but can be more valuable in the long run
Term Life and Permanent Life Together :
- Build lifelong base of whole live coverage
- Supplement specific times of your life with term insurance
When should I choose term life insurance?
Most people whom choose term life insurance have a strategy for long term net worth and need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it might make sense to have a term life policy to cover the mortgage and living needs until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.
When should you choose whole life insurance?
Whole life insurance can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Many times whole life insurance policies pay dividends - although not always.
With so many options many people find themselves overwhelmed when they receive a life insurance quote. Let one of Brinker Insurance’s life insurance professionals put together the right insurance policy for you. For more information on a Whole Life Insurance / Term Life Insurance contact, Brinker Insurance at 800-459-2292 or fill out our online form above for a FREE Life Insurance Quote Today
Brinker Insurance a local Florida Insurance Agency, offering affordable Life Insurance in St.Petersburg, Pinellas Park, Clearwater, Largo