Plan for the future…and live your best life today.
Having the right life insurance is pivotal in planning for the future of you and your loved ones. In the event of your death, life insurance offers security for your spouse and children so they can maintain the standard of living they are accustomed to. The right policy will pay off your mortgage, any uninsured medical bills and other outstanding debts and burial expenses.
Thomas Bradley Insurance will work with you to create the right life insurance plan to work into your overall financial plan including your retirement, college planning and more. Some forms of life insurance can even be used as a means of saving money over the long term.
We will help you to understand your family’s financial needs, and how to achieve them. Life insurance will prove to be a valuable long-term investment strategy that will benefit both you and your loved ones.
There are a variety of life insurance policies. The kind of policy you choose depends on your needs:
Term Life Insurance With a term policy, you get "pure" life insurance coverage. Term insurance provides a death benefit for only a specific period of time. If you die during the coverage period, your beneficiary receives the face amount of the policy. Term insurance is available for periods ranging from 1 year to 30 years or more. Most term insurance also has a conversion feature that allows you to switch your coverage to some type of permanent insurance without answering health questions.
Whole Life Insurance Whole life insurance is a type of permanent insurance or cash value insurance. Unlike term insurance, which provides coverage for a particular period of time, permanent insurance provides coverage for your entire life. As you make payments, the cash value account grows tax deferred.
Universal Life Insurance Universal life is a permanent insurance policy that combines term insurance with a money market-type investment that pays a market rate of return.
Variable Life Insurance Variable life and variable universal life are permanent policies with an investment fund tied to a stock or bond mutual-fund investment.