Life Insurance in Missouri
The agents at MedInsure Group offer different types of life insurance policies to Missouri residents who live in the Chesterfield, MO area. With our many years of experience, we can explain each type of coverage and what factors will affect your decisions when you choose. Every person's situation is unique, and one policy does not fit everyone's needs.
Different Types of Life Insurance
There are two main types of life insurance. Each policy offers benefits but is designed to accomplish different things.
- Whole - A whole life policy is designed to last throughout your lifetime, whether it be long or short. It is more expensive regarding premiums, but they pay the entire amount of the policy if you would pass away and leave your family without a viable form of income.
- Term life - A term life policy is more affordable and is set to span a specific number of years. By building equity in your policy, you can borrow against it or cash it out once it has reached maturity.
An insurance agent can explain each policy in great detail and help you understand each one's benefits as well as its drawbacks.
Factors to Consider
Before choosing a life insurance policy, you need to consider what you are trying to accomplish and what factors will play a role in your decision. They include:
- Your age
- How much you want to pay
- What is your ultimate goal (care for your family or paying final expenses)
- Knowing what your goals are and purchasing a policy accordingly
If you live in the Chesterfield, MO area and have questions about life insurance, call the agents at MedInsure Group and schedule a consultation. We have the answers you need and are looking forward to working with you. Call now and find out how you can benefit from having a life insurance policy in Missouri.