When you don't have life insurance, your loved ones are in danger of having financial hardship after you're gone. Getting life insurance as soon as possible is the best choice so your family doesn't face that risk. When deciding on the right life insurance for you, it's wise to know the available types to know which type you want. Two main types are available, and each has its pros and cons. If you're in Missouri, call us at Rich Insurance Agency LLC in Kansas City, MO to learn more about these policies.
As one of the main types of life insurance, this one is highly popular. It works by contracting with the policyholder to be in effect for a certain number of years. This is the term that the policy type is named after. It stays good throughout that term, and at the end of it, the contract ends, and the coverage is no longer in effect. The ending of the policy is a drawback for many people, but it's popular because it's inexpensive. This is sometimes the only way people can afford life insurance.
There is whole life insurance for those with larger budgets and who don't want their life insurance to expire. This type doesn't expire, and you can keep it as long as you want to. Because it is more expensive, it can be more challenging for some people to afford, but the policy does come with another benefit. It slowly builds a value that becomes available to you to borrow against. This can give you more peace of mind simply by knowing it's there in an emergency.
To get your life insurance in Missouri, call us at Rich Insurance Agency LLC in Kansas City, MO to learn more.
"I had the pleasure of working Jeremy who was very customer service focused. Jeremy listened to me and worked very hard to get my the insurance coverage that I needed for our business. He researched many options and made sure at the end I had the best coverage that worked for my price range and had the benefits that I needed!"
"Matt and his team are amazing at what they do. Customer service is hands down the best that I have experienced with any insurance agency. I am extremely satisfied with how they handle my insurance needs. I have and will recommend them to my friends and family!"
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"Provided us service quickly and did the best they could to offer the best coverage and the best rates. We’re grateful. Very professional and kind. Jeremy treated us like family."
"Team does a nice job! Very responsive to all my needs or questions and easy to get a hold of. Calls to talk through annual renewals. Would recommend using them."