The first step to learning about life insurance, is understanding it's necessity and importance. Life insurance is essential for a number of different reasons. It is a financial instrument that allows you to protect your family and loved ones when you're gone. Life insurance helps create stability for your family, helping them meet their financial obligations with ease. Our job is to plan for the worst and hope for the best and that is what we strive for at Aspen Insurance Agency.
This insurance coverage offers two main options:
This is a policy that protects you over your entire lifetime. It is also known as permanent life insurance. It matures after the death of the policyholder. Over the term, the cash value accumulated may be used as savings or can be borrowed against if you need the money.
This is a policy that protects you over a specified period. After the chosen period is over, the policy matures. The period ranges and it's up to the policyholder to determine how long they will want the policy to last. A term life policy may also serve as a savings plan for time-bound ambitions.