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The Value of Life Insurance
Assessing Your Need
Types of Life Insurance

The Value of Life Insurance:

Life insurance is a crucial step in planning for your future and the future of your loved ones. It can fulfill promises made to your family if you are no longer around by providing a death benefit to your beneficiaries in return for premiums paid to the insurance company. TX life insurance can also provide benefits while you are living.

Advantages of the Death Benefit

Advantages of Living Benefits

Assessing Your Need
The amount of life insurance you select should be dependent on your personal and financial needs. We can assist you in determining an appropriate coverage amount and help you decide on which type of life insurance is right for you. Generally, you should consider life insurance if you have:

Life Changes — So Should Your Policy
As events happen in your life, your life insurance coverage may need to change to adapt to your current needs. Some life changes that may require you to re-evaluate your coverage include marriage, divorce, a new baby, purchase of a new home, and/or retirement.

Types of Life Insurance
There are several different types of life insurance products available. The most common include:

Term Life Insurance
Term life insurance in provides life insurance protection for a specified period of time. If you don’t currently have life insurance, term can be a good place to start. It’s generally less expensive than permanent life insurance, and is available in varying term periods with fixed premiums from a one- (annual renewable term) to 20-year period (level term). Term insurance can sometimes be converted to permanent coverage, providing you with flexibility as your needs change.

Whole Life Insurance
Whole life insurance is a form of permanent life insurance that remains in force during the insured person’s lifetime, provided the premiums are paid as specified in the policy. Whole life insurance can build cash value.

Universal Life Insurance
Universal life insurance is a form of permanent life insurance characterized by its flexible premiums, flexible face amounts, and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to

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