Life Insurance

If you want to protect your beloved ones financially, purchasing life insurance is a good idea. However, it is an easy task, and shopping for it can be quite challenging, especially if you have never had it before. If you are looking for a life insurance plan, here are the things you should know about it.

What Should You Know About Life Insurance?

• There are two types of life insurance. You can choose between two types of life insurance, and it is vital to know the difference - between term life insurance and whole life insurance. Term life policies are valid for a limited period, typically 10-30 years. When the term expires, you will not have coverage anymore. Whole life insurance is different because it is permanent and lasts your entire life. You should know that whole life insurance policies are more expensive than term life policies.
• Factors affecting the cost of life insurance. The main things that have an impact on the cost of your insurance include your age (it is cheaper for younger people), gender (rates for women are lower because their life expectancy is longer), and hobbies or lifestyle (people with risky hobbies pay for more their life insurance).
• Life insurance is tax-favored. It means that life insurance comes with certain tax benefits. Over time, your life insurance plan can become a great and tax-free source of income. You can use this money for going on a vacation or for college expenses for your children.

Tobash Insurance Agencies - Your Life Insurance Options In Pennsylvania

If you are currently shopping for life insurance and need help finding a perfect insurance plan, Tobash Insurance Agencies is the right place to contact. Our company specializes in different types of insurance, including life insurance. Our knowledgeable agents are ready to assist you in finding the perfect life insurance plan based on your needs and preferences. Feel free to contact our office or call us for more information.