1200 NW 78 Ave, Suite 109
Doral, FL 33126
When thinking of life insurance, various factors will likely influence your decision-making. These include the duration of your coverage, the Florida eligibility requirements, and how you want to use your policy. This will also be followed by figuring out the types of coverage suited to your needs. To help out with this, Jetsteam Insurance Group LLC discuss the types of life insurance available to Doral, FL residents.
Term life insurance refers to coverage that protects you for a given duration. When you pass away, your beneficiaries receive the death payouts. However, this is possible only when you die during the term of your coverage. If this period expires, your loved ones will not receive payouts. Fortunately, term life insurance can be converted to permanent life coverage, allowing you to accrue the benefits over the long run.
Whole life insurance is coverage that is designed to protect you until your death. This makes it the first example of permanent life insurance. Your beneficiaries receive their payouts after you die, allowing them to take care of their everyday expenses. These may be responsibilities such as final expenses, tuition fees, and mortgage costs. Additionally, it offers a cash value component, which allows you or your loved ones to get accumulated benefits. It can also be redeemed, with numerous individuals using this as a retirement safeguard.
Universal life insurance also covers you until your death, making it another example of permanent coverage. It comes with a cash value benefit, which accumulates over time. Universal life insurance also offers flexible terms, allowing you to take care of current life changes. Examples of these are moving to a new house, changing jobs, or welcoming a new addition to your family.
For more information on life insurance, make it a point to reach out to Jetsteam Insurance Group LLC today for peace of mind during your Florida stay. Our Doral, FL agents will help you get customized coverage for your individual needs.