The COVID-19 virus, also known as the Coronavirus has caused great concern not only in the nation but throughout the world. More and more individuals are starting to think about their future and prepare for the unexpected.
For Ohio individuals who want to be prepared for the unexpected, life insurance is a great way to do so. There is a broad range of life insurance options for individuals of all financial situations and ages. But what kind of life insurance is right for you? Check out these three common forms of life insurance and decide for yourself.
- Whole Life Insurance.
Whole life insurance is a life insurance coverage policy that guarantees life insurance coverage for the lifetime of the policyholder. With a savings component that has a real cash value, whole life insurance offers policyholders tangible benefits throughout their life and higher death benefits for beneficiaries.
- Term Life Insurance.
Term life insurance is an affordable life insurance option that’s popular amongst younger individuals. With fixed affordable payments, term life insurance offers coverage for a fixed period of time. Once the term expires, the policyholder can either renew the policy or let the coverage expire without penalty.
- Universal Life Insurance.
Universal life insurance coverage is a form of permanent life insurance that allows policyholders to invest in savings. With real cash value, policyholders can borrow against cash without tax implications and more flexible premiums.
These common types of life insurance coverage are most popular amongst Ohio individuals. With the recent outbreak of the Coronavirus, are you armed with the life insurance you need?
Beck Insurance Agency can help you prepare for the unknown with a range of life insurance coverage options. Serving the communities of Defiance OH, Swanton OH, Bryan OH, Waterville OH, Perrysburg, Maumee, and the surrounding areas, Beck Insurance Agency offers practical and affordable coverage of individuals of all ages. Visit https://www.beckinsurance.com/ or call today to get a FREE quote and explore your life insurance options.
