Peace of mind with Life Insurance
You’ve worked hard to make a life you’re proud of in northwest Indiana – for yourself and your family. But after you pass away, what is left of your legacy? Life insurance policies ensure that your family is provided for after you’ve passed. Other types of insurance make your life easier in catastrophic events; life insurance makes life easier for your loved ones. Life insurance funds can cover the costs of your funeral, future living expenses for your family, and more. La Porte Insurance Agency’s team of professional experts can help you determine which life insurance policy is best for you and your family.
How Life Insurance Works
Life insurance is a contractual agreement, similar to your car insurance or home insurance. As the policyholder, you agree to pay a certain amount of money each month (the premium) in addition to other annual fees. In return, when you pass, your beneficiaries (the people you designate to receive the funds) will receive your death benefit payout. But there are different types of life insurance, and each works a bit differently from the others.
Term Life Insurance
The simplest type of life insurance is term life insurance. With term life insurance, you only pay the premium for a set amount of time (the term length). Life insurance protection with a term policy only lasts as long as the defined term, which means that death benefit coverage ends with that term. The typical term length is 10-30 years.
Who are term life insurance policies ideal for?
- People with dangerous jobs or lifestyles.
- Young families.
- Individuals with limited income.
- Individuals looking for flexibility.
Whole Life Insurance
The more complex type of life insurance is whole life insurance, also called permanent life insurance. This insurance lasts for the length of the policyholder’s life. It has a more expensive premium that the individual pays for the remainder of their life.
Who are whole life insurance policies ideal for?
- Established professionals.
- Individuals with stable and predictable finances.
- Those looking for tax breaks and loan collateral.
Insure Your Life with La Porte Insurance Agency
La Porte Insurance Agency has been insuring individuals like you for more than 50 years. With 1,300+ satisfied customers, you can trust that our team of expert insurance agents will keep your best interests in mind.
Contact Us Today
When you get life insurance, you’re not just protecting your life – you’re making it easier for your family, too. Contact us today and our team will start working with you right away to find the best policy for you.