Life insurance can be confusing. If you live in Canby, OR or in one of the nearby communities, you can call the agents of Oliver Insurance to get the answers you need to all of your life insurance questions. They take the confusion out of the process so that you know which type of life insurance will offer you the most benefits.
Whole life is a long-term policy that will remain in place for as long as the insured is alive. If all of the premiums are paid on time and the policy is in good standing when the insured passes away, their beneficiary will receive the proceeds. The money can be used for any type of expense or to cover the cost of the insured person’s funeral. Whole life is more of a straight policy that remains in place throughout the person’s lifetime.
Term life offers similar benefits but it has a maturity date after which the policy can be cashed in and the proceeds drawn from the account. A term life policy can be written for 10-years, 15-years, 20-years, or for however long the insured wants it to be as long as they meet the age requirements. For example, a 70-year old man may not qualify for a 20-year term policy but may be able to qualify for a 10-year policy.
If you are ready to purchase your life insurance policy and live in the Canby, OR area, call the licensed agents at Oliver Insurance. They will discuss what options are available to you and answer any questions you may have. Call and schedule your appointment today to get the insurance you want!