Life Insurance in Michigan
If I were to ask you what your most valuable thing is and then help you build a plan to protect it would you have said your family? Usually, when we think of insurance most people automatically think of valuables such as automobiles, property, boats and such… but when you really think of it nothing is more important than your family. If you or the main income earner were to die unexpectantly would that place your family in a financial crisis? If so, now is your time to do something about it. Interested in exploring affordable options to help you protect the ones you love? Life insurance gives your family the means to pay off debts, meet ongoing living expenses and take the time they need to grieve. A life insurance policy can help fund college educations and provide cash when needed most. At The Ryan Insurance Agency, our licensed agents can help you determine which policy would best suit your needs.
Universal Life Insurance
Universal life insurance provides lifetime coverage against unforeseen death. If you need a flexible plan that lets you adjust your coverage and premiums, the policy may work best for you. These policies let you increase to decrease your coverage. That way, if you need less coverage in your later years as kids graduate and move out, you can save money on your premiums.
Universal life insurance can form a crucial part of your estate planning strategy. Use it to preserve your wealth for your beneficiaries. Some policyholders use universal life insurance as long-term income replacement. You can include a death benefit coverage and build cash value so that you have income options later in life.
Term Life Insurance
When you purchase a term life insurance plan in Clarkston, MI, an insurance company agrees to pay your beneficiaries the amount you're covered for if you die before the policy's term ends. You pay a monthly fee during that term. You can use this policy to save money on premiums and to protect your family when you have young children living at home through their college years and even beyond.
Some have found that an affordable Term Life Policy can provide peace of mind that their mortgage would be paid off in the untimely death of an insured for their 15-year mortgage purchase a 15- year term life policy, and same for a 30-year Mortgage.
Choosing a life insurance policy gives you peace of mind that your beneficiaries will be financially secure after you're gone. You can even include a death benefit to cover funeral expenses.
Stop by The Ryan Insurance Agency or give us a call to discuss your life insurance needs and to protect your family in Clarkston, MI. 248-403-8591