from Summit Insurance Advisors
The need for life insurance is dependent on financial needs as well as personal ones. As life changes, your life insurance policy may need to be changed up in order to meet these needs.
Some life changes that may require a policy "tune-up" include:
There are several different types of life insurance plans available. The most common include:
Term life insurancegives you life insurance coverage for a set amount of time. If you do not currently have an insurance policy, term can be a good option to start with. Generally speaking, its less expensive than permanent life insurance, and is available in varibale term periods- with fixed premiums from a one- (annual renewable term) to 20-year period (level term). Furthermore, term insurance may sometimes upgraded to permanent coverage, providing you with the flexibility of changing it up in order to meet needs.
Whole life insuranceis a form of permanent covergae which remains active during the entirety of an insured person's lifetime, provided premiums are paid as specified in the policy. Whole life insurance can build cash value over time, making it a possible investment option.
Universal life insurance is a subset of permanent life insurance characterized by its flexible premiums, flexible face amounts and unbundled pricing structure. Universal life policies may build cash value, earning an interest rate that may adjust periodically. These options are usually guaranteed not to fall below a certain percentage, making them a safe investment option.
Our offices are conveniently located at:
10214 N Tatum Blvd #A1500
Phoenix, Arizona 85028
5425 E Bell Road Suite 103
Scottsdale, Arizona 85254
Summit Insurance Brokers has been providing Arizona life insurance for many years, and the expert agents in our Phoenix AZ insurance office take pride in servicing the life insurance needs of Phoenix, Scottsdale, Mesa and Paradise Valley. Live outside of Arizona? We've expanded our life insurance offerings to California and Maryland.
We know how to find discounts on life insurance you may not find on your own. Give us a call, or get a quote online today.
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