727.835.1500 | 386.446.4226 THEWELCHGROUP.NET
PRSRT STD US POSTAGE PAID BOISE, ID PERMIT 411
17221 CAMELOT CT., STE. 101 LAND O LAKES, FL 34638
INSIDE 1 What Does the Future Hold For Home Insurance? 2 Inside the Hot New Pet Tech Market 2 Pet Insurance Options
2 Easy March Madness Chili 3 Get Healthy While Spring- Cleaning!
4 Choosing Life Insurance
Breaking Down Term, Whole, and Universal Life Insurance WHAT TYPE OF LIFE INSURANCE IS RIGHT FOR YOU?
One of the most important investment that you can ever make when it comes to caring for your family is individual life insurance. While it can be tricky to navigate and choose the best options, don’t put it on the back burner. We are happy to walk you through the options: term, whole, and universal life insurance. Each type of life insurance pays out differently, and your individual needs will dictate which is best for you. When it comes to term life insurance, the policyholder will pay regular premiums for a set period of time and the policy will pay out in the event of death during that period. With whole life insurance, a set period does not exist. The policyholder will pay regular premiums as long as they are alive and then the policy will pay out upon death. In some cases, you may have the option to take a lump sum back, but the payout upon death is then reduced. When it comes to universal life insurance, just like with whole life insurance, you pay regular premiums, but it’s more flexible in that you can take out money early or borrow and repay it at a later date. It should be noted that if
a loan is outstanding when you pass away, the payout may be significantly impacted and your loved ones may receive a lot less than anticipated or planned. Before you get life insurance, it’s very important that you seek professional advice. Keep in mind that your premiums will be determined largely by your medical history, age, and amount you are seeking for your policy. If you have any questions, give us a call! We are here to walk you through the process and help you pick out your life insurance based on your needs, wishes, and desires. We’ve got you covered!
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727.835.1500 | 386.446.4226 | THEWELCHGROUP.NET
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