Life Insurance in Kenner
Gregory Ricks & Associates is your life insurance specialists in the area of Kenner, LA. In order to find the option that is right for you, we will take your unique situation into consideration. Call us now to take the necessary steps towards a more secure future.
What’s Life Insurance?
Life insurance is a contract between a person and an insurance provider. The policyholder pays a specified amount at regular intervals, which is known as a “premium”. In return, the company agrees to pay a lump sum to a designated beneficiary after a specified event (usually the policyholder’s death).
What are the pros & cons of term & universal life insurance
Term life insurance relates to a specified time period, regarding both the premium payments and the payout.
Universal or whole life insurance is permanent, guaranteed for the entire duration of the owner’s life. If correctly set up, universal or whole life insurance plans can provide quick access to needed funds, while also providing for tax-advantaged growth of wealth.
There are advantages to both types of life insurance. To learn which life insurance solution will work best for you, talk to our Kenner insurance professionals.
What are the financial benefits of owning a life insurance policy as opposed to investing in other ways?
The benefits and disadvantages to every investment strategy will be specific to you, depending on your financial circumstance. The most important thing to consider is selecting an experienced financial advisor who will take care of your needs.
Who Needs Life Insurance?
All adults, no matter how old they are, have a need for life insurance.
Why Should You Buy Life Insurance?
- Provide a way for your family to pay for funeral expenses.
- To cover living expenses, such as school fees, groceries, and utility bills.
- Paying off mortgages and other outstanding debts.
These only represent a few of the reasons why you should buy life insurance. Learn more about your options by contacting a life insurance professional at Gregory Ricks & Associates.