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AARON
Current Client

"First Family Insurance was unbelievably helpful to me when I needed to purchase a life policy. My agent went above and beyond what most would do in her place."

What is Life Insurance?

A life insurance policy states that you will pay premiums to an insurance company over time, and, in exchange, the company may pay a lump sum amount to a designated beneficiary upon your death. The money from your life insurance policy can help pay bills and help support your surviving family members’ living expenses. You may need to adjust the amount of your life insurance policy related to major life events, like buying a home, getting married, or having a child.

What are the different types of life insurance available?

Whole (or universal) life insurance policies

Whole (or universal) life insurance policies are considered permanent. As long as you pay the premium, the policy is in effect. You can accumulate cash value over the life of the policy. You may be able to borrow money from these types of plans, if you need to.

Term life insurance

Term life insurance policies are in effect for a certain period of time, or term. If you have this type of policy and pass away during the term that the policy is in effect, the insurance company may pay a benefit. If you live past the time that the policy is in effect, the insurance company won’t pay a benefit or give you a refund.

Term life insurance policies are usually less expensive than whole life insurance policies. This is because term life insurance policies only cover a set amount of time, while whole life insurance policies are intended to be permanent.

Considerations for a life insurance policy

Most people buy life insurance to help provide financial security for their families upon the death of the insured person. If this is your reason, the first step in calculating how much insurance to buy is to identify your dependents’ likely financial needs. If you are married, in a civil union, or have a significant other, you will want enough coverage to minimize your spouse’s or partner’s financial need after you are gone. If you have dependent children, you may want to help pay for their college tuition and other expenses. If your annual living expenses such as a mortgage on your home, personal or car loans, or property taxes are fairly high, you will need more insurance than someone whose home mortgage is fully paid for.

You may also want enough coverage to ensure that your dependents do not have to pay for your final expenses, such as hospital bills and burial costs.


Working with First Family Insurance

First Family Insurance makes the process of applying for insurance easy, helping to provide you with simple to understand health insurance information.

 

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Access to Quality Plans

Our nation’s top carriers have recognized our commitment to excellence. This recognition has granted us access to plans reserved for top performing agencies.

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Experienced in the Industry

With more than 10 years of serving clients, our agency has been able to navigate through the many changes to healthcare throughout the years.

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Easy to Understand Options

We believe simplicity makes things better for everyone. Let us guide you through the insurance market and help you make the best decision for you and your family.

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Personal Service

We create and maintain lasting relationships with each of our clients through trust and reliability.

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Budget Friendly Plans

First Family Insurance has been a trusted source of affordable insurance for more than 10 years. We have many plan options that may fit within your budget.

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Our Clients Come First

By taking the time to understand your individual needs, your risk assessment, and your financial goals, we are able to find the plan that's right for you.