Life Insurance—the Coverage You Need for Peace of Mind
When you are busy conducting your day-to-day activities, thinking about life insurance is not usually a priority. At the Rusty Healy Agency, we understand that. We work with you to make the purchasing process easier so that you can get back to your family and those parts of your life most important to you.
Purchasing life insurance is more than paying money during your life to ensure your loved ones are taken care of after you pass. It is a vital part of your estate planning needs. In Mississippi, having the right plan in place can help give your estate liquidity to prevent a hasty sale of your home. It may be used as part of a tax reduction strategy and may even be a tax-free inheritance for your family.
Types of Life Insurance
There are different types of policies to assist you in achieving your goals.
- Term life insurance offers protection for a specified period. Often it is less expensive than other choices.
- Whole life insurance is a form of permanent insurance that is commonly used as an investment tool.
- Finally, universal life, another permanent policy, builds cash value, and earns interest.
It is easy to get caught up in terminology. It can leave you scratching your head, or worse, throwing up your hands and doing nothing to protect your family financially. Choosing the best option may feel confusing, but the team at Rusty Healy Agency is here to help you. We will explain the advantages and disadvantages of various types of life insurance policies from the best carriers in the industry. You can then make an informed choice to determine what suits your unique life goals.
Customizing Your Life Insurance Policy
Not only should you decide what specific policy fits your needs, but there are many riders to assist in securing the future for your family. For example, you may want a children’s life rider to cover your kids without purchasing separate policies. Depending on your age and season of life, long-term care and disability income may fit your requirements. Wade through the myriad of choices by discussing them with Rusty Healy and his team. We understand the pros and cons of each one and can help you make the best decision for your situation.
Is there a Right Time to Invest in Life Insurance?
Purchasing life insurance is not meant only for those well settled in life. You are not too young or too old to make this investment in your family’s future. Don’t make the mistake of thinking you do not need coverage when you are single. Additionally, various life stages are great reminders to protect your loved ones. For instance, you may not be alone forever. When you get engaged, give us a call. Have you and your spouse recently purchased a home? Now is a great time to ease the threat of financial security if one of you passes away too soon.
Our agency works with you to obtain the best coverage for your needs. If you have existing policies, we will sit with you, review what you have now, and discuss what makes sense for your situation. We encourage annual reviews to ensure that your stage in life has not changed, and you no longer have the right protection in place.
Give the Rusty Healy Agency a call today and secure the future for your loved ones. You can also request a quote online.