Types of Life Insurance

No one wants to think about dying but unfortunately, it is a fact of life. There is a lot to be said for taking solace in knowing your loved ones will be protected when that time comes and the best way to achieve that is by having a good life insurance policy in place. The life insurance agents at Oliver Insurance in Canby, OR know and understand all facets of life insurance and can help you obtain the best policy for you and your situation.

Reasons to Obtain Life Insurance

Most life insurance policies through an employer will only cover the cost of your funeral and burial costs. You will want to ensure your family is in a good place financially if you pass away and to do that, you will need a more comprehensive life insurance package.

With a good life insurance policy in place, your family will be able to pay off any debts you leave behind in the event of your untimely death. This will be a hard time for your loved ones and taking financial stress off of them is a gift from you that will be appreciated.

A permanent life insurance policy can actually accumulate a cash value over the life of the policy, unlike a term life insurance policy that expires at the end of the term that was stipulated at the start of the policy. A permanent life insurance policy allows you to borrow against it while you are still alive in case you need the money. It allows you to do this without paying taxes so you can use the money to supplement your social security or retirement benefits during your golden years or before that time if needed.

To determine the type of life insurance that will work best for you and your loved ones, contact an experienced agent at Oliver Insurance in Canby, OR for all of your life insurance needs.