Life Insurance | The Insurance Center

Life Insurance

 

 

Commercial InsuranceThere are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.

Term insurance 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, such as your mortgage.

In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. 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.

It’s impossible to say which type of life insurance is better because the kind of coverage that’s right for you depends on your unique circumstances and financial goals.

But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional.

Need Help?

We're here to help!  Simply call our office at (252) 637-4173 or email us using the contact form below.

Contact Us

We are currently licensed in the states of North Carolina, Florida, Georgia, South Carolina, Tennessee, and Virginia.

Send Us a Message




    Featured Carriers

    Trusted_Choice_Logo
    BlueCross BlueShield of North Carolina

    The Insurance Center is an independent authorized agent/agency licensed to sell and promote products from Blue Cross and Blue Shield of North Carolina (Blue Cross NC).  The content contained in this site is maintained by The Insurance Center.  Blue Cross and Blue Shield of North Carolina is an independent licensee of the Blue Cross and Blue Shield Association.

    ®, SM  Registered marks of the Blue Cross and Blue Shield Association.”