Life Insurance
Whether you’re just starting out, or are a business executive in South Carolina or Ohio, life insurance is available at competitive rates through Consultative Insurance Group.
Have you ever considered how much your family relies on you? From contributing financially to raising your children, every little thing you do for your family adds up. Now, consider this – if something were to happen to you, what kind of hole would be left for your family to fill?
While it may be difficult to imagine, it’s important to prepare in advance for a time when you may no longer be around - the experienced agents at Consultative Insurance Group will assist you through this process from one of our offices in South Carolina or Ohio. Life insurance policies are designed to help you feel more secure about moving toward the future. If you’re looking for coverage in South Carolina, life insurance is an area of expertise for our dedicated agents. We can help you streamline the process of selecting the perfect life insurance solution.
Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… the list and combinations seem endless. At Consultative Insurance Group we want to help you determine which policy type is right for you! Our dedicated team of life insurance specialists understands the Ohio and South Carolina markets and regulations, and can find the right plan- or mixture of options- that fit your individual needs.
Term Life Insurance Basics:
- Coverage for a “term” or period of your life.
- Lower premiums for higher coverage.
- Rates can change after specific terms expire.
- No equity – no cash value accumulation
Whole Life Insurance Basics:
- Exactly like it says – permanent, not for a specific period.
- Protection carries with you your whole life*
- Can build equity and have cash value.
- Higher premiums than term life, but can be more valuable in the long run.
- Build lifelong base of whole live coverage.
- Supplement specific times of your life with term insurance.
Term and Whole Life Combined:
When to choose term life?
Most people choosing term life have a strategy for long term net worth. They need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it may make more sense to have a term life policy that covers the mortgage and living requirements until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.
When to choose whole life?
Whole life can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Often times whole life policies will pay dividends - although not always.
With a variety of alternatives and policy possibilities it’s understandable that you may feel a bit anxious. But remember, life insurance is all about you, and you are certainly worth insuring!
No matter where you reside in South Carolina or Ohio, life insurance is available at competitive rates through Consultative Insurance Group. As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs. Give us a call and let one of our life insurance specialists get you started on the right path. Contact Consultative Insurance Group for more information and get a free life insurance quote today!
*Guarantees are subject to the claims paying ability of Nationwide Insurance
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