If you live in Amarillo, TX and are considering life insurance, it is important to know the key differences between term and permanent insurance. Term life insurance covers you for a specific time period while permanent life insurance covers you from the time you take the policy until death.
At West Texas Insurance Agency, our number one concern is that our policyholders have the life insurance products that best fit their needs and the needs of their families. It is also important to educate our customers so that they have the information they need to make wise choices.
Term Life Insurance
West Texans who are young or only need insurance until their children can support themselves may choose term life insurance for a period that best fits their needs. Term life insurance policies pay death benefits that can help surviving family members pay for funeral expenses, or help a surviving spouse pay to care for their children.
It is important to know the exact nature of your term life insurance policy, to be sure you know when it is time to renew, or to make a switch over to a permanent life policy. Keep in mind that a term life insurance policy doesn’t carry any cash value, so you cannot make any withdrawals against your payments.
Permanent Life Insurance
People in Texas who want coverage for the rest of their lives, or the lives of their family members, may choose permanent life insurance. These policies accumulate a cash value over time, and you may be able to take loans against your policy. This type of policy also offers the peace of mind that you are covered for the rest of your life, without worrying about term expiration or loss of policy value.
If you live in the Amarillo, TX area, contact West Texas Insurance Agency at (806) 352-2090, or visit us at 3702 Mockingbird Lane in Amarillo, TX. One of our experienced life insurance agents will be glad to talk to you about the right life insurance policy to protect you and your family.
West Texas Insurance Agency of Amarillo