Buying CT Life Insurance

by owner

Category: Our Blog

Have you been contemplating a CT life insurance policy but are unsure if it would be the right move?  Well, if you have any loved ones that would struggle financially if you were to pass away, having some sort of life insurance policy might be a good option for you.

There are several different types of life insurance policies available in CT to choose from.  If you are strictly looking for a policy that will pay a death benefit to your chosen beneficiary when you pass away, having a term life insurance policy might be the best option for you.  Term life is set up for a specified term, usually 10, 20 or 30 years, and is used strictly as insurance against your untimely death.  It does not offer any cash accumulation or other bells and whistles which makes it a much more affordable option.

However, you might be looking for more.  Permanent life insurance policies like traditional whole life, universal life or variable universal life are available as well.  These types of policies will cover you for your entire life and have cash values that can be borrowed against in the future if you want to do so.  They do tend to cost more than term life insurance policies as they offer more benefits and last longer.  

No matter what type of CT life insurance policy you are leaning towards, your life insurance agent will be able to help you.  He or she can review your finances and help you determine which type of policy will fit your lifestyle.  If you only care for one or two people, you may only need a small bit of coverage.  You may want to carry a large policy with a high pay-out if you have children that plan on going to college in the future.  It’s up to you.

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