Term life insurance. This type of life insurance is designed to cover a specific period of your life, whether five or 30 years. This is the preferred option for many individuals because it provides a great deal of coverage for a relatively low premium. The downside: no equity can be built and it does not have cash value.
Whole life insurance. A whole life insurance policy does exactly what it says! The protection carries with you for your entire life, or as long as you continue to pay the premium. While your premium may be higher than one with a term life policy, the upside is that it can build equity over time and have cash value.
This may seem like a tough decision to make but our Arizona firm is here to help you weigh the pros and cons of each option. Consider us your guide!
At Bennett and Porter, we are dedicated to providing both affordable and comprehensive insurance solutions in Arizona. We encourage you to ask about our life insurance solutions. Please reach out to our agents today to learn more about what you can do to safeguard your future. We look forward to evaluating your lifestyle and designing the perfect policy for you!
Whether you reside here in Scottsdale, Arizona or anywhere else in the country, our Certified Financial Planners are ready to assist you. Please give us a call today at Bennett and Porter — one of our professionals will be happy to answer your questions regarding the different life insurance options.
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