Life Insurance
Why Do You Need Life Insurance?
There are many reasons, but to begin consider these questions:
- Can your family maintain their current standard of living, without your income?
- Do you own your own home?
- Who will be responsible for paying for your final expense costs?
Contact Us
Life Insurance comes in many forms – from Term Life, which can protect your family from possible financial hardship, to Whole Life policies with set premiums and guaranteed payouts. The best way to decide what is right for you is to meet one-on-one with a licensed David A. Crotts & Associates agent.
Term Life Insurance
The most straightforward of protection, Term Life Insurance offers coverage for a set number of years, generally ranging from 10 years to 30 years. These policies are most often used to cover a financial obligations such as paying off a mortgage or assuring a college education for surviving children.
Term Life can also be used to cover end-of-life expenses, such as burial and funeral costs; and can be used to pay off debt so that survivors are not burdened.
Term Life Insurance is easy to understand, very affordable and is a practical solution for protecting loved ones from possible financial hardships that an unexpected loss could create. You choose the length of the coverage term (10, 20 or 30 years for example), and the amount, which can be anywhere from a few thousand up to a million or more dollars.
Whole Life Insurance
Whole Life is a permanent solution to life insurance and offers policyholders financial security for the length of their lifetime. Whole Life pays a set amount to your beneficiaries upon your death.
Whole Life Insurance is normally Guaranteed Renewable and builds a cash value that may be borrowed upon. Many Whole Life policies also have the additional benefit of favorable tax benefits.
Meet with a David A. Crotts & Associates Life insurance agent and learn about the benefits of owning a Life Insurance policy.
Get a Life Insurance Quote Today
Final Expense Insurance Plans
Peace of Mind for Life’s Final Expenses
Today’s funeral costs are skyrocketing with the average funeral now reaching over $8,000. A Final Expense policy offers peace of mind during a difficult time and assures that your final wishes will be carried out properly, without added financial stress on your family.
Final Expense insurance is a division of Whole Life insurance that has a lower death benefit, usually intended to cover final expenses and burial costs. Also known as burial insurance or funeral insurance, it's designed for older adults who are ready to make end-of-life plans, typically age 50 and older.
What you need to know about Final Expense Insurance
- Renewable for life, regardless of changes in your health.
- Much more affordable than most traditional Life Insurance policies.
- Do NOT require a medical exam It takes on average, 90 days, for a traditional Life Insurance Plan to pay benefits.
- Is a division of Whole Life Insurance which means it's permanent insurance and maintains a cash value.
- May be purchased to supplement already existing Life Insurance or may be used as a stand-alone policy.
- You may receive the payout in as little as 24 hours after the death of a loved one.
Rest assured that you are not leaving your family with the undue burden of end-of-life expenses, and ask a David A. Crotts & Associates Life insurance agent about Final Expense plans today.
Contact Us Now
