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7 Tips to Get Affordable Life Insurance Plans

Death strikes unannounced, and in most cases, the family of the deceased finds itself in severe financial challenges, more so, in the dead, was the primary breadwinner.

Your spouse may struggle to pay the family mortgage, cater for the children’s school fees, and even provide for their basic needs in your absence. The best solution? A life insurance plan!

At Tabb Insurance Agency, we are ready to partner with you and help your family avoid this painful experience in your untimely demise. We offer life insurance plans that are affordable and convenient.

This article provides adequate information on the types of life insurance services that we offer and will be your guide on our company services.

What is Life Insurance?

Life insurance refers to the contract between an insurance policyholder and an insurer who is the insurance company. The insurer promises to pay a named beneficiary a sum of money upon the insured person’s death. The insurance company pays the beneficiary in exchange for premiums paid by the policyholder during their lifetime.

In essence, a life insurance policy is a unique policy as it doesn’t cover you but covers your loved one. It takes effect when you are dead, unlike other health insurance plans in Conyers, GA, that protect your health needs.

Top Tips for Getting Affordable Life Insurance

Assess Your Current Financial Status

As you access your current financial status, consider what you have in place to support your loved ones. It includes emergency funds, retirement savings, life insurance cover you might be having at your workplace, and any other expenses.

You may consider engaging a professional financial advisor to help you through this process.

Determine How Much Coverage You Need

You may end up underestimating the amount of insurance cover you need. Therefore, you need to consider all your family expenses.

Consider the amount of the mortgage, family bills, children support, and other long-term expenses.

Buy Coverage Early On Your Life

Buy life insurance coverage early on in your life when you are still young and healthy. Furthermore, securing your insurance coverage early on in life means you get it at a better and affordable rate.

It gives you peace of mind because your family remains safe if something happens to you.

Know The Difference Between Term Life And Permanent Life Insurance

You need to know the difference between these two life insurances as it will help you make an informed choice when picking a life insurance plan. The circumstances and your specific needs will determine the life insurance you will choose.

Ask About Premium Discounts

Some insurance companies offer premium discounts at different levels of coverage. Therefore, It could prove cheaper to buy a higher insurance cover than a lower insurance plan owing to the excellent discounts offered at different coverage levels.

Consider Upfront Payment

Some insurance companies offer upfront payment discounts. Thus, ask your insurer if you can pay a lump sum amount for advance premiums and see the value on the offer. It may help you save a lot of money.

Shop Around For The Best Rates

Most insurance companies provide quotes online, thus making their rates accessible. As rates may vary across different insurers, you stand a better chance to choose the ideal insurance company and the type of life insurance coverage.

Why is Life Insurance Important?

Life insurance plans and coverage play a vital role in the lives of the policyholder.

Protect Your Family

You can protect your family and loved ones by taking a life insurance plan. Unlike other health insurance plans, it directly benefits your family when you die. Remember, your loved ones depend on you for financial support for their livelihoods.

In essence, it replaces your salary and other incomes hence guaranteeing your family some level of financial safety when you are dead.

Family Inheritance

If you lack tangible assets to pass to your heirs, securing a life insurance plan or coverage may ensure you leave cash to your loved ones.

All you need is to buy a Tabb Insurance life policy and name your spouse and children as the beneficiaries.

Paying Debts and Other Expenses

Your family will need to pay off debts and other expenses when you pass on. Thus, visit Tabb Insurance Agency and get one of the life insurance policies on offer to empower them.

Apart from living expenses, other debts may arise from funeral and burial costs. Remember, loved ones are already emotionally burdened due to your death, and you may not want them to experience additional stress due to lack of finances.

Financial Security

Securing a life insurance plan provides your family with more financial security when you die. Financial security helps your family members continue their lives comfortably in your absence.

Your children will sustain the lifestyle they are used to, such as going to school without interruption.

Therefore, it offers peace of mind that you and your family need in case of uncertainties arising from your death.

Life Insurance Plans in Conyers, GA

If you live in Conyers, Georgia, our company, Tabb Insurance Agency, will save you cost as we offer different and affordable life insurance plans. At Tabb Insurance Agency, we offer two types of Life insurance policies;

Term Life Insurance

Term Life Insurance Policy protects the insured for a specific period. Thus, the terms may range from 10 to 30 years. When the policy is in force, Flexible premiums remain available. You may choose the period you want the insurance policy to cover depending on an individual basis. If you feel your health care is at its lowest point, or you plan to engage in risky activities for, say, ten years, then go for a 10-year term life insurance coverage. When you consider it safe enough, then you may withdraw your policy coverage.

Permanent Life Insurance

Permanent life insurance plans provide lifelong protection to the beneficiaries. 

The insurance plan lasts long, and it expires at no fixed point. Also, the policy acquires a cash value as you continue paying fixed premiums over time.

Why Us?

Securing a life insurance plan and coverage with Tabb Insurance provides you with the following benefits;

  • Income Replacement During Working Years
  • Wealth Transfers
  • Preservations
  • Tax-Deferred Wealth Accumulation.
  • Income Protection

Tabb Insurance Life Permanent or Whole policy premiums are higher than the Term Insurance policies. Furthermore, whole life premiums are affordable and fixed. The premiums depend on the age of the policyholder at issue and never increase with age.

We offer different life insurance policies at affordable prices! All you need is to contact us at Tabb Insurance Agency to enjoy these rates.

Contact Tabb Insurance for Affordable Life Insurance

Tabb Insurance offers full life insurance coverage that provides the best benefits a policyholder may find. Additionally, the premiums are affordable and depend on the insured’s age at the time of issue. 

At Tabb Insurance Agency, we care about you and your family. Thus, we provide the best Term Life and Permanent Life insurance options that suit you and your family.

Call us today to ensure your future is insured!