The Facts About Texas Life Insurance
Here's a question that everyone needs to think about, but few do: What would happen to your dependents if you suddenly passed away? Would they have the financial means to maintain their current standard of living? Would your partner have to return to work or pick up a second job to make ends meet? Would the kids have the funds to attend college? These are tough questions to answer. When you have life insurance, you no longer have to worry about your family's finances because the payout, when invested wisely, will provide them with enough money to survive without your income. Life insurance isn't just limited to couples with kids; any individual with dependents needs to seriously consider the impact that their passing away would have on their loved ones.
Whole life insurance will stay in effect for the rest of your life or until you decide that you don't need the coverage and cancel the policy. Term life insurance is a popular choice among younger people who need an affordable way to protect their family in case an unfortunate event claims their life too soon. However, it only remains in effect for a set number of years. No matter which type of policy you choose, it's important to have at least 10 times the amount of your annual income in coverage.
As your Austin, Texas, life insurance agent, Cannon Insurance Services is here to help you understand your life insurance options and help you find the best value on the policy type that you choose. We're an independent agent who takes the time to sit down with you and listen to you explain your current place in life so that we can give you the best life insurance options. Contact us today to have your questions answered or to find a policy!