You want to ensure that you have financial protection in place, not just for you but for your family. Life insurance can help to protect against the unexpected. At Modern Benefits, LLC, our agents are here to help every step of the way.
Types of Life Insurance
As you shop for life insurance, you will come across a few different options. The most common include term and whole life.
The main difference between the policies is that term allows you to have coverage for a limited-term, such as 5 to 30 years while whole life remains with you for your entire life. While term is more affordable, whole also provides a cash value that can be used during retirement. As such, you will want to consider some of the pros and cons of the policies – and our agents can help you with this.
Determining the Level of Coverage
Shopping for life insurance means determining how much coverage you want. Some people choose less than $100,000 while others want more than $1 million. It all comes down to how much financial protection you want to leave behind and what you can afford on the life insurance premiums.
Consider some of the expenses you could leave behind after your passing:
- Burial and funeral expenses
- Credit card debt
- Tuition for children
Additionally, you must look at what those expenses will be 10 or 20 years down the road. While the entire process can seem overwhelming, you don’t have to do it on your own. Our independent agents can offer guidance every step of the way. It will provide you with greater peace of mind knowing that your family will be taken care of.
Call our agents at Modern Benefits, LLC today to talk about life insurance. We’re here to answer questions and customize a policy that’s right for you.
Our insurance agency is licensed in multiple states, including NJ, PA, DE, and MD. We want to help you with all of your insurance needs, no matter where you live.