Swimmer Insurance


Life Insurance

Most people know they need life insurance, but don't know how much and if they can afford it.

Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… the list and combinations seem endless. Do you know which life insurance policy type is right for you? At Swimmer Insurance we can help. Our dedicated team of life insurance professionals understand the market. That means we can find the right plan – or mixture of plans – for your specific needs.

Term Life Insurance Basics:

  • Coverage for a “term” or period of your life.
  • Lower premiums for higher coverage.
  • Rates can change after specific terms expire.
  • No equity – cannot be used as cash value.

Whole Life Insurance Basics:

  • Exactly like it says – permanent, not for a specific period.
  • Protection carries with you your whole life.
  • Can build equity and have cash value.
  • Higher premiums than term life, but can be more valuable in the long run.

Permanent Life Insurance:

  • Permanent insurance with flexible options
     
  • Can build equity and build cash value
     
  • Higher premiums than high life, but can be more valuable in the long run

When to choose term life?

Most people choosing term life have a strategy for long term net worth. They need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it might make sense to have a term life policy to cover the mortgage and living needs until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.

When to choose permanent life insurance?

Whole life can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Many times whole life policies will pay dividends - although not always.

With so many options many people find themselves overwhelmed. One of our life insurance professionals can put together the right life insurance quote for you. Contact Swimmer Insurance directly at 704.333.6694 for more information!

 

Get A Free Life Insurance Quote

© Swimmer insurance | 704-333-6694 | 725 Providence Rd Charlotte NC 28207 | Website Design Laire Group Marketing