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Life Insurance

Below is some information about why you need life insurance, the types of life insurance available, and the differences between term and permanent life insurance coverage. For more information, please contact Anthony C. Pepe, CLU.

Why Life Insurance?

You have many goals in life. You want your family or business to be financially secure, to enjoy a comfortable retirement, and even leave a legacy for your children and grandchildren. No matter what your financial goals are, the unique tax benefits and features of life insurance can help you to achieve them. That's why life insurance can be one of the most important purchases you will make. Working with the AC Pepe Insurance company, you can determine how life insurance can help protect you and your family.

Types of Life Insurance

Choosing the right type of life insurance depends on your individual circumstances and financial goals. Life insurance policies are designed to pay a death benefit when someone dies, but there are usually two basic categories of policies to meet your different needs — term and permanent.

  • Term life insurance can provide a death benefit protection for a specific time period.
  • Permanent life insurance offers lifetime death benefit protection with a cash value component. This can mean lifetime peace of mind for you and your family.

  • Different types of permanent life insurance are usually categorized as follows:
    1. Whole Life Insurance
    2.  Universal Life Insurance

Some product categories offer corresponding survivorship products to cover you and one other person (such as spouse or business partner) making cost-effective alternative to purchasing two individual life insurance policies.

Term vs. Permanent Life Insurance

To determine whether a term or permanent life insurance policy is the right choice for you, it is important to consider factors such as the time period your insurance protection is needed, your short and long-term goals and your overall financial plan. A comparison of the features and benefits of each policy can help you make an informed decision about which type is appropriate for you. Talk to us for more details and to determine the best coverage for your situation.

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