Life Insurance
Life is filled with unpredictable events, and you can never predict what will happen to you. Even though you may hate to think about it, there is always the risk of unexpected death. It’s necessary to protect those who depend on you financially, such as your spouse, children, or other loved ones, with the right term-life insurance. You can protect your loved ones financially by having term-life insurance through Lowcountry Insurance Advisors.
You can use life insurance to cover your final expenses, pay off outstanding debts, meet ongoing obligations, and protect your beneficiaries from financial hardships if you pass away. As well as replacing your income, the benefit of your life insurance can help your loved ones pay rent, groceries, and other everyday expenses.
The most common type of life insurance in the United States is term life insurance. Insurance policies offer coverage for a certain period of time (usually 10-30 years), during which time the policyholder pays an insurance premium. Policyholders who die during the term length of their insurance policy will be given the benefit amount by the insurer. However, the insurer would have no obligation to the family if the policyholder died after their term-life coverage had expired. Term life insurance policies are affordable because they are simple and temporary.
Life, Health, & Financial Services
A full range of financial services are available through Lowcountry Insurance Advisors, regardless of whether you’re an individual, a small business, or a large corporation. The right coverage is determined by analyzing your individual needs and offered by a dedicated professional. Secure your future, and that of those who depend on you.
Individual Life Insurance
- Whole Life
- Universal Life
- Term Life
Life Insurance
Whenever possible, we do everything we can for the people we care about, not because we have to, but because we want to. Your everyday life revolves around providing for your family and protecting their way of life. It is quite important that your family and/or your business have financial protection. However, that protection might only be temporary. You can feel secure knowing that, regardless of the future, your loved ones can live out their lives without fear by choosing the right life insurance coverage, whether you choose affordable term insurance or lifetime protection from permanent insurance.
Life isn’t always how we plan it. You may be able to restore financial stability through the Guaranteed Cash-Out Rider on our permanent policies if your circumstances change or you no longer need life insurance.
Reassurance for Your and Your Loved Ones
Many people consider life insurance to be the cornerstone of a solid financial plan. Although it’s never pleasant to think about passing on, Life Insurance can alleviate your loved ones’ financial worries should you pass away.
Life Insurance can be used by your beneficiaries to cover a variety of expenses, including expensive funerals and estate taxes, or to compensate for lost income or fund your children’s education. The loan can even be used to make mortgage payments to help keep the family home.
Our team at Lowcountry Insurance Advisors understands the importance of choosing a Life Insurance plan with several important factors to consider. We have a team of expert insurance professionals dedicated to walking you through the process and offering you the best insurance solution for yourself and your family.
Types of Life Insurance
Lowcountry Insurance Advisors offer several types of coverage, including whole life, term life, and disability insurance.
Term Life – The simplest and least expensive way to obtain life insurance is through term life insurance. The premiums for term life insurance are fixed for a prescribed period of time. Benefits are paid for the insured only if they die during the specified period of coverage, and it is not primarily used to cover financial obligations. Term life insurance can usually be converted into whole life or universal life insurance.
There are two types of term life insurance:
- Annual Renewable Term – In an annual renewable term plan, the death benefit would only apply if the insured died within the one-year term, with the possibility of renewing after the term period has ended.
- Level Term Life – A life insurance policy with a fixed rate for a given period of time, such as 10, 15, 20, or 30 years. Rates vary with coverage options and age, with longer terms being more expensive.
Lowcountry Insurance Advisors is Here For You
There are a lot of factors to consider when purchasing life insurance, and changes in your life situation may lead to changes in your insurance requirements. To meet your long-term insurance needs, it is important to carefully examine the different policy options.
We offer a review of your current life insurance situation and help you build an insurance policy. Contact Lowcountry Insurance Advisors today.
One of the biggest investments you can make is in yourself.
As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs