Life Insurance
Life insurance can help provide a financial safety net that provides protection for your loved ones in the event of your passing. Contact TS Insurance in Katy, Texas, to compare personalized life insurance quotes.
How Does Life Insurance Work?
When you buy a life insurance policy, you pay regular premiums to the insurance company. You designate a beneficiary (or beneficiaries) who can apply to receive the death benefit upon your passing.
Life insurance policies come in various types, including term life insurance and permanent life insurance. Term life insurance provides coverage for a specific period (e.g., 10, 20 or 30 years), while permanent life insurance offers lifelong coverage so long as premiums are paid as agreed.
What Does Life Insurance Cover?
Life insurance proceeds can be used for numerous reasons and may help cover the following:
- Final expenses—These can include funeral costs, medical bills, and other end-of-life expenses.
- Debts and loans—These can include outstanding debts, such as mortgages and car loans.
- Income replacement—If anyone relies on you for financial support, life insurance proceeds can help replace your income upon your death.
Why Consider Life Insurance?
Life insurance can help ensure your loved ones are financially protected even when you’re no longer there to provide for them. It can be an essential part of your overall financial plan.
Contact Us
Working with a knowledgeable life insurance broker who can guide you through the options and find the right policy for your needs is essential.
For personalized quotes and expert advice, contact TS Insurance.