Life Insurance and Health Insurance in Durham, Cary, Wake Forest, Raleigh, Chapel Hill, Morrisville, NC, and the Surrounding Areas
Life insurance is one of those things you don’t really want to think about, yet, when it’s needed you wish you had. That’s why the professionals at Insurance Center of Durham will sit with you to discuss the different types of life insurance to help figure out which policy is best for you. There are several options when it comes to life insurance. It’s not a one size fits all and age plays a part in how much the premiums will be. The younger you are, the better the premiums will be for a life insurance policy. If you are older, life insurance is still very important, but the premiums will be higher, even if you are in good health. As you get older, the risk of sickness and disease becomes greater, making life insurance very expensive or even being denied coverage.
Type of Life Insurance Policies
Term Life Insurance and Permanent Life Insurance are very different insurance policies and when you are deciding which works best for you, you need to look at their differences.
Term Life Insurance policies remain in effect for a set amount of time, whether that be 5, 10, 15, 20 or 30-year term and pay out a specific death benefit.
Permanent Life Insurance is a policy which remains in effect for the course of your life. There are multiple types of permanent life insurance, such as variable life, universal life and whole life. Whole life insurance differs from variable and universal life because it allows you to build cash value, which you can draw against in the future. Variable and universal life insurance policies involve investments.
If this seems confusing, it can be! We will work with you to review the options and help decide on the proper life insurance you require, then we will calculate the amount of life insurance you will need. This is done by taking age, life expectancy, overall health, your income, your debts, your family situation and your assets into consideration.
In addition to the above-mentioned life insurance policies, we work with other life insurance policies, including return of premium term life, which returns all the premiums to you at the end of the policy term.
Health Option Coverage
When you need health care options, we will work with you to provide proper coverage. We understand that having proper medical care is important to each of our clients. We work with an assortment of plans to make sure you will find the one which works best for you.
We will discuss your needs with you and review the options available, such as Major Medical, Disability Income Protection, Health Savings Accounts and Medicare Supplements.
We can also provide vision and dental policies for you and your family.
We can meet your needs for:
- Permanent Life
- Universal Life
- Whole Life
- Term Life
- Return of Premium Term Life
Coverage options include:
- Major Medical
- Disability Income Protection
- Health Savings Accounts
- Medicare Supplements
- and Ancillary Products such as