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Life insurance is designed to be a security blanket for your family. It helps provide peace of mind from knowing that your loved ones can be more financially secure in the event of your death. These funds can help your loved ones pay living expenses, stay in their home and pay off debts, including final expenses. It can also help send a child to college or leave a legacy.
Life insurance policies come in all shapes in sizes – just like families. Some families may decide they need $10,000 while others may need $100,000 or more. It is important to know what your financial needs are and which factors are most important to you when evaluating life insurance options.
Deciding how much life insurance you need is the first step. Then, you can choose the type of life insurance policy for your family. A term life insurance policy gives you coverage for a period of time while whole life insurance is also known as permanent life insurance because it can last your entire lifetime.
There is no right or wrong life insurance policy, so make sure to find one that best fits your needs. We can help. Call us for a free educational consultation.
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Mutual of Omaha
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