Why Get Life Insurance in Florida?
To help your family:
- Replace your lost income
- Pay off the mortgage and other bills
- Pay for your funeral expenses
- Buy a house
- Pay for college
- Start a business
Different Life Insurance in Florida
There are different types of insurance options in Florida. An agent at Enterprise Insurance Advisors, LLC in Lake Mary, FL can help you find the right policy for your needs.
Term life insurance gives you coverage for a specific period. You can purchase a policy that ranges from five to thirty years. These policies will generally be cheaper and still provide you with coverage for a period of time in life when it matters, such as raising kids. You get a large amount of coverage for a lower price. At the end of the term, you won’t have any more coverage. It can be harder to get coverage after your term expires since you will be older and may have contracted an illness.
Whole life insurance doesn’t have an expiration date. The coverage will last until you are 100 or your whole life. These policies are more expensive, but there are different advantages. For example, these policies are best if you initially purchase one at a young age so you can lock in the best rate and also maximize any benefits. Your premiums help you fund your policy and also build cash value.
Universal life insurance is similar to whole life, but there isn’t a set term limit. It can also be more flexible than a whole life policy since it allows you to make some adjustments to your total amount, and you can use the cash value that accumulates to pay the premiums.
Contact Enterprise Insurance Advisors, LLC in Lake Mary, FL to get a quote on life insurance.