Life Insurance

Life Insurance: Our Complete Guide

Brian Getty Insurance, Vero Beach Insurance Specialists can help you get what you need when it comes to insurance coverage. Life insurance is no different. Here, the professionals at Brian Getty Insurance have combined forces to bring you a guide to life insurance. We will tell you what life insurance is, as well as why you need it. Hopefully this article will help you to understand just why life insurance is so important. Remember, for any and all of your life insurance needs, call us at Brian Getty Insurance.

What is Life Insurance?

Life insurance is a policy that is taken out on your life. When and if you die, a life insurance company, like the ones that partner with Brian Getty Insurance, will pay money to your loved ones. This money can be used in a variety of ways. There are several different types of life insurance. Some types of policies are renewed each year. Premiums on these policies can gradually rise due to age and health complications. However, they are cheap initially. Term life insurance, that locks in the price for much longer, might cost more. But it can keep cost down as you age.

Taking Care of Your Loved Ones

Time and time again, we here at Brian Getty Insurance have seen how important life insurance is to loved ones after you pass. Chances are, your loved ones might still be planning for the future, even if you do pass away. The money that a life insurance policy pays out can be used to help with this planning. It can be used as income for a while during the period while your family gets back on their feet. Or it might be used for future expenses like college or put into a trust fund to care for your children when they get older.

Cover Final Expenses and More

When you pass away, you will have final expenses. The most common expenses among our customers include funeral arrangements and costs, as well as payments on debts left behind. Did you know that the average funeral can now cost thousands of dollars? This can be a real burden on your family, especially in the trying time following your passing. As can any and all debts you have left behind in your name. How can you family pay for these things when you are gone? With money paid out through your life insurance plan.