Your legacy is something you leave to those you love long after you have gone. Life insurance is one of the most important gifts you can give to your loved ones and dependents, as it can provide for their financial needs for years to come. Today’s insurance options are very affordable and easily accessible to most people in good health. At Ozark Legacy Insurance Partners, we believe that nearly everyone can benefit from a quality life insurance plan. The amount and type of coverage you need, however, depends on your individual goals and circumstances.
There are many ways you can allocate your insurance benefits. Examples include:
- Paying for funeral and burial expenses
- Paying off your family’s debts, such as a mortgage, credit cards, or medical bills
- Long-term income replacement
- Paying for a child’s college education
- Paying for a spouse’s retirement
- Leaving a legacy by donating a large sum of money to your favorite charity or cause
- Taking care of a partner’s financial interests in a shared business
We offer several different life insurance options. You may find that your insurance needs change at different points in life. Whether you desire guaranteed financial security for your family or want a policy that can also provide living benefits, we can help you find a plan that is right for you. Examples include:
Term Life Insurance
The most popular type of insurance, term coverage provides a large death benefit – usually between $100,000 and $1 million or more. Premiums are generally low, but the policy does not accumulate cash value. In addition, term life insurance limits coverage to a specific period of time – usually between 10 and 30 years.
Whole Life Insurance
Whole life insurance provides coverage that never expires so long as the policy is active. Although benefits are typically lower than term coverage, the premiums paid into a whole life policy will generate cash value over time, allowing the policy-holder to borrow against the policy or use it as an investment in the future.
For more information about purchasing life insurance for you and your family, contact our office. Protecting your family shouldn’t cost a fortune. Let us save you money on the life insurance you need today.
For more information about life insurance in Missouri, contact our office to request your free quote.
