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What type of Life Insurance Protection do I need to buy? Garden State Life Insurance.
What type of life insurance do I need to buy?
While there are many types of life insurance on the market today, they all fall into two basic categories – term and permanent.
Term Life Insurance
Term life insurance is the most basic type of life insurance protection you can buy. It provides affordable level rate protection for a specified period of time. It does not accumulate cash value. If the insured person dies while the insurance is in force, the face amount is paid to the beneficiary. The premiums for term life insurance are generally less than a comparable permanent life insurance policy. Most financial experts recommend term life insurance over other types of protection because it provides the greatest amount of protection for the money you have to spend. Term life insurance is the ideal choice to help replace a breadwinner’s income or pay off large debts like a mortgage.
BudgetGard No Exam Term Life Insurance:
The rate you’ll pay for BudgetGard no exam term life insurance is guaranteed to remain level for 1, 7, 15, or 20 years depending on which plan you choose. After your level period, your rate will increase annually until coverage ends at age 80. No medical exam is needed to qualify for this dependable and affordable term life insurance protection. The proceeds from BudgetGard can be used to pay a mortgage, to help pay school, business or general household expenses.
Permanent Life Insurance
The most well known form of permanent life insurance is whole life insurance, which provides dependable financial protection for as long as you live at rates that never go up.
Another important benefit of whole life insurance protection is the cash value that accumulates over the life of the policy. You can borrow those cash values and use the money any way you see fit. Whole life insurance is typically used to help loved ones pay those last remaining expenses such as funeral and medical bills.
ValueGard No Exam Whole Life Insurance:
ValueGard no exam, whole life insurance protection will provide your beneficiary a guaranteed death benefit that will be free from federal income tax. It accumulates cash value, which you can borrow, on a tax-deferred basis. The premiums for ValueGard are guaranteed to never increase; benefits will never decrease. You can get ValueGard whole life insurance without taking a medical exam.
Why do I need to buy life insurance?
Who needs to buy life insurance?
How much life insurance do I need to buy?
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We Value Your Security and Privacy
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Garden State Life Insurance Company
League City, Texas
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For assistance call toll-free 1-800-638-8565 9 a.m. to 7 p.m. Eastern Time Monday through Friday.
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Copyright © 2006 Garden State Life Insurance Company. All Rights Reserved. Garden State Life is licensed in all 50 states and the District of Columbia.
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