Life Insurance

Life insurance is vital for virtually everyone to have. It protects your family or business by leaving money behind when you're gone. There are two main types of life insurance that you can get, and both come with their own advantages. If you aren't sure which type of life insurance is right for you, you can talk to an insurance agent when you call us at CT Insurance Advisors in Connecticut.

Term Life Insurance

Term life insurance is a type of coverage that is in effect for only a specific number of years. This insurance is commonly set for a period of 10 to 25 years. During this time, the cost of the premiums doesn't increase. This is one of the major benefits of this kind of life insurance. Solid coverage lasts a long time and is generally more affordable than other life insurance. However, after the period of the policy has passed, the policyholder has to apply for a new term of insurance protection.

Whole Life Insurance

Whole life insurance policies work very differently. These policies don't have a term and are suitable for the rest of the policyholder's life. These policies also build a cash value that the policyholder can borrow against if needed. Many people appreciate having this potential pool of cash there in case they need it, and it can come in handy during a financial emergency. They tend to be popular because you don't have to reapply for coverage later and can keep it for as long as the premiums are paid. However, the premiums of whole life tend to be higher than those that come with term life policies.

Get Life Insurance Coverage

If you have people who depend on you or want to leave a legacy behind, you need life insurance. You can call us at CT Insurance Advisors in Connecticut to learn more about different kinds of policies.