Texas Life Insurance
Life Insurance for Houston, Kerrville and Surrounding Texas Areas
Protecting your family is often forefront in your mind. As you grow older, the chances of leaving your loved ones behind increases. Luckily, you can continue to provide for them even after you’re gone with the correct life insurance policy. Joe Cook & Associates
understands that the unexpected can happen at any time and work hard to provide the best life insurance possible for each of our clients. Make sure your family is secure in case of disaster with a life insurance policy provided by trustworthy specialists.
How Does Life Insurance Work?
Life insurance is an investment. Once you sign a policy with a company, you pay premiums in exchange for the insurance company paying your beneficiaries—the family members you name on the policy—a sum of money after you pass away. After your death, a beneficiary must file a death claim to the insurance company to receive the benefits promised through your contract with the insurance company. Benefits include death benefits and inheritance. Families may use the benefits any way they see fit, including paying for funeral costs or any unpaid debt you may have left behind.
There are two main types of life insurance: term life insurance and whole life insurance.
Term Life Insurance
Term life insurance is a policy you can purchase for a certain amount of time. This policy is used frequently and its common terms last 10 years, 20 years or 30 years. You may purchase a longer—or shorter—term policy depending on how long you need life insurance. People may use a term life insurance policy only until their children are married and moved out. This is so the family is covered in case the insured suddenly dies before their family is financially stable. Term life insurance also helps if you simply want to be covered until your debts and mortgages are paid off so that the burden doesn’t fall on your family’s shoulders.
Whole Life Insurance
Whole life insurance is a permanent life insurance policy that lasts until you die. This policy provides more benefits while you are alive, as well. The investment aspect of whole life insurance allows the cash value of your policy to grow without taxes. You can also take money out of your account or trade it for cash.
There are other types of life insurance for people with specific needs such as:
- Group Life Insurance
- Long-Term Care Insurance
- Mortgage Protection Insurance
- Disability Insurance
- Second-to-Die Policy
- Key Person (Key Men) Insurance
Find Life Insurance Today
Investing in a life insurance policy isn’t only investing in insurance, but in your family’s future. Make sure your loved ones are covered even after you’re gone. Joe Cook & Associates
understands that each client has different needs. As your life changes and grows, we will work to adjust your policy with you so that you’re always covered. Contact Us Today!