Essential Term & Permanent Life Insurance
It is probably safe to say that you do not want your family burdened with bills and other expenses after you have passed away. To prevent these types of financial problems, Dabolt Insurance Agency offers term and permanent life insurance. We work with you to determine what products offer the best type of financial protection you want for your family.
In the event of a tragedy, life insurance proceeds can help pay the bills, continue a family business, finance future needs like your children's education, protect your spouse's retirement plans, and much more. If you are considering securing you and your family's financial future, we would be happy to review your current situation and help you find a plan that suits your needs.
Types of Life Insurance
Term Insurance, the most affordable type of insurance when initially purchased, is designed to meet temporary needs. It provides protection for a specific period of time (the term), and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time.
For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, like a mortgage.
By contrast, Permanent Insurance provides lifelong protection. Because it is designed to last a lifetime, permanent life insurance accumulates cash value, and is priced for you to keep over a long period of time. The indexed universal life policy can be used for retirement for you or your children and even your grandchildren. Another new feature permanent insurance can offer is applicability to long and short term care.
