Choosing the Right Life Insurance

To this day, life insurance is a very contentious subject. There appears to be a lot of different types of life insurance out there, but there really are just two kinds of life insurance. Term Insurance and Entire Life Insurance are them. Term insurance is insurance only. For a certain period of time, it covers you. Insurance for Entire Life is insurance plus a side account known as cash value. Generally speaking, consumer reports suggest, and have been for some time, term insurance as the most economical alternative. But still in today’s culture, whole-life insurance is the most common. Which one should we purchase?Find additional information at Life Insurance.

Let’s address the meaning of life insurance. If we get the right insurance intent down to a science, then everything else is going to fall into place. The aim of life insurance is the same as that of every other insurance type. It’s about “insure against loss of”. In the event of an accident, auto insurance is supposed to cover your car or someone else’s car. In other words, because you may not be able to pay for the damage on your own, insurance is in place. Insurance for home owners is to protect the home or things in it against damage. So, because you may not be able to pay for a new home, you buy an insurance policy to cover it.

Life insurance is exactly the same. It’s about insuring your life against failure. If you had a family, after you died, it would be hard to help them, so you buy life insurance so that your family could replace your income if anything were to happen to you. Life insurance is not intended to make you or your children prosperous or provide them with a justification to destroy you. Life insurance is not intended to help you retire (or else it would be known as pension insurance)! When you die, life insurance is supposed to cover your wages. But the evil ones made us believe otherwise, so that they could overcharge us and sell us all sorts of other things to get paid.

Contact Info

Phil Borgia – State Farm Insurance Agent
1635 N Greenfield Rd Ste 1-101, Mesa, AZ 85205
(480) 981-8681