PGU Insurance – Life Insurance
Your loved ones are important to you, and only you can make sure they’re taken care of in the event of your unexpected passing. Life insurance is the means by which this can be accomplished. Making sure you have a solid policy in place can help protect those you care about from the financial hardship they might otherwise endure in your absence.
What Life Insurance Is
Life insurance is, quite simply, an insurance policy that covers your life. You pay a monthly premium, and if something unexpected happens, your loved ones get a payout they can use to pay funeral or medical expenses or help take care of any debts you may have left behind.
Life insurance is, quite simply, an insurance policy that covers your life. You pay a monthly premium, and if something unexpected happens, your loved ones get a payout they can use to pay funeral or medical expenses or help take care of any debts you may have left behind.
How Life Insurance Helps
Your family may be depending on you. If you or your spouse has to stay at home with the children while the other works, losing either parent can devastate the family in more ways than one. With a good life insurance policy in place, the payout might make it possible for the remaining parent to concentrate more on family matters and less on where the next meal is coming from. Similarly, if you have debts that you’re repaying out of your paycheck, your loved one may end up stuck with your debt if something happens to you. You can take steps now to make sure that doesn’t happen.
Types of Life Insurance
There are several types of life insurance you can get. The two main categories are Term Life Insurance and Permanent Life Insurance. A term policy lasts for a certain amount of time that you choose. Throughout the term, your premium will be locked in at the original rate, so you won’t have to worry about it going up. When the term is over, you can either convert the policy to a permanent one, or purchase a new policy. A permanent life insurance policy, obviously, lasts the rest of your life. There are also other differences in how the money is handled once you pay into the policy. Contact a PGU representative today for a quote and more details.
There are several types of life insurance you can get. The two main categories are Term Life Insurance and Permanent Life Insurance. A term policy lasts for a certain amount of time that you choose. Throughout the term, your premium will be locked in at the original rate, so you won’t have to worry about it going up. When the term is over, you can either convert the policy to a permanent one, or purchase a new policy. A permanent life insurance policy, obviously, lasts the rest of your life. There are also other differences in how the money is handled once you pay into the policy. Contact a PGU representative today for a quote and more details.
It isn’t pleasant to think about leaving your loved ones, but if the unexpected happens, you’ll want to know you’ve done your best to make sure they’re taken care of. Contact PGU today to begin talking about life insurance options and to receive a quote on your own policy.