Types of Life Insurance
There are two major types of life insurance, whole and term. Term life insurance only pays if you die during the term’s length, which is usually about 30 years. Whole or permanent life insurance pays whenever you may die. These main life insurance types are broken down further based on their specific conditions of payment and other factors. It’s helpful to have someone to explain the details of each type and plan in terms you understand. That’s where we, as a life insurance broker, come in!
What is a Life Insurance Broker?
A life insurance broker is someone who works independently from the insurance company to help provide you life insurance. They work on behalf of the customer, rather than the insurance company. They aren’t stuck to one specific company, for instance, New York Life. Instead, they can offer you quotes on policies from many different companies. They will search their inventory for the insurance that best fits your unique needs and budgetary requirements.