Did you know that you could use life insurance as a financial tool to help protect your family’s future? Proactive Ohio residents are opting to invest in term or whole life insurance policies that can offset costs arising from their death.
Get tips on securing your family’s future from The Merhar Agency LLC experts in Willoughby, OH.
Term Life Insurance
If you’re looking for an affordable and renewable life insurance policy that gives you control over how long you hold your policy, term life insurance could be right for you. Term life insurance policies provide coverage for designated periods and give policyholders and their families the option to renew at the end of the period in which no claims have been filed.
People who are new to the world of insurance typically opt for term insurance, as it is usually more affordable than longer-term whole life insurance policies. The best way to learn which policy options are a good fit for you and your loved ones is to sit down with a trusted local insurance agent and review your individual coverage options.
Whole Life Insurance
Whole life policies last for the entire lifetime of the policyholders. These policies can be more expensive to start with as they come with additional features, including lifetime coverage and cash value options that policyholders can borrow from in cases of emergencies and crucial life events.
Both term and whole life insurance policies have features that protect their families from funeral and burial costs, outstanding debts, and everyday living expenses.
Contact The Merhar Agency LLC to get a term or whole life insurance quote to protect your family’s interests today!
