Term life insurance in Astoria, OR

If you are the main source of your family’s income, it is important to purchase a term life insurance policy as a means of planning and securing their future. Undoubtedly, no one wishes to plan for their death since the thought of it is scary but such planning can save your family from financial stress upon your death. 

Why you should buy Term Life Insurance
Life insurance helps in replacing your income once you die helping your family manages their living costs and pay any existing debts. Examples of these debts include house mortgages which can be fully settled using the money from term life death benefits. This will save your family from financial stress. Due to its low cost, term life insurance policy is the most dominant type of life insurance in current times according to Linda Dugan Insurance, Astoria, OR. 

Benefits of term life insurance
Term life insurance is a simple type of life insurance whereby you are aware of what your beneficiaries should expect. Also, this insurance is affordable since it offers large coverage for the lowest initial premium. The initial premium will also be fixed to ensure that they don’t alter before the end of your insurance term. Finally, the beneficiaries will receive a tax-free death benefit package if you pass-on during the term of your policy.

Term vs. Whole Life Insurance
Often, a question will arise on whether you should opt for whole life or term life insurance, but it all goes down to your specific situation. Notably, whole life is just one form of permanent life insurance, and you should review the situation at hand before settling on an insurance policy.

As seen above, purchasing a term life insurance is a good way of ensuring that your loved ones are protected from financial burden upon your demise. At Linda Dugan Insurance which is based in Astoria, OR, you will get to learn about the benefits associated with this policy. It is high time you visited our company.