Your family and dependents will be properly protected.
When it comes to life insurance it can get confusing on what type of policy and features to choose. Get expert advice from a professional at Northbrook.
There are many factors, such as age and health status, that must be taken into consideration. However, the most important factor that we look at to ensure you have the proper policy is your objectives. Before we look into pricing we ensure that the product selected is a good fit that satisfies your objectives for purchasing life insurance.
If you have a family, mortgage, a business owner or have others that depend on you call a professional at Northbrook today. A life insurance policy will protect your family against any financial burden in the event of an unexpected or premature death. Whether it is to pay for death related expenses, debt left behind, business survival and more your family and dependents will be properly protected.
Life Insurance Options:
Term Life Insurance
Term life insurance is a life insurance policy that is set out to cover the policyholder with fixed payments for a specified time period (Usually 10 years or 20 years). At the end of the policy term there is the option to extend coverage past the original coverage period. In the unfortunate event of an unexpected or premature death of the policyholder the death benefit will be paid to the named beneficiary
Whole Life Insurance
Whole life insurance provides protection for life. Premiums are paid annually and the policy remains in force, regardless of changes in age or heath. In the event of an unexpected or premature death of the policy holder the insurer pays a sum of money to the beneficiaries, just like a term life policy. However, a whole life policy includes a cash value. A cash value allows the policy holder to increase the death benefit by increasing the premium. The benefit does no decrease unless premiums are not paid.
Universal Life Policy
Universal life insurance is similar to whole life insurance, as it provides protection for life, however it is paid over a specified time period (Usually 10, 15 or 20 years). In addition, Universal life insurance offers guaranteed insurance costs, guaranteed cash values, choice of insurance periods.