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201 S Preston Rd
Celina, TX 75009

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Life Insurance in Texas

Do You Need Life Insurance in Texas?

Life insurance can be a great idea for many people but not for others. If you have a family or people that rely on you financially then consider getting a life insurance policy. To decide the right amount of insurance in Celina, TX, look at the income you need to replace and your debts. Consider what your family will have to pay after your death.

Different Types of Life Insurance in Texas

There are two main types of life insurance. An agent at Rasor Insurance can help you find the best choice for your situation.

Term life insurance gives protection for a certain term. The term can range from one year to 30 years or longer. You get to choose the length of the term. If you die during the term, your beneficiary gets a lump sum death benefit. These policies aren’t meant to provide coverage for your entire life but rather for a certain period, such as when raising a family. Premiums will stay the same for the entire term but may go up if you renew at the need of the term since you will be older.

Permanent life insurance will last your entire lifetime and allow you to build up savings over time. You can withdraw from, borrow against, or invest the savings. It can take a while for the policy to build cash value and you may have to pay fees if you withdraw the money early. There are different kinds of permanent life policies. Whole life insurance will stay in effect your entire life and some will pay a dividend each year that you can add to the cash value or use to pay premiums. Universal life insurance will stay in effect until a maturity date and these policies are more flexible. You can change the death benefit and the premium amount.

Contact Rasor Insurance, serving Celina, TX, to get a quote on life insurance today.

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