life insurance in plano

Tips for Buying Life Insurance

Life insurance in Plano is there to financially protect your family in the event that you should pass before your time.

Life insurance is a contract that you enter with your insurance company that essentially states that they will provide your family a death benefit in the event of your death. In return, you pay premiums until that day comes. Life insurance in Plano is meant to replace your annual income and financially help your family go through this tough time. Here are a few tips you should know about buying life insurance in Plano.

What life insurance policies exist?

There are two life insurance policies that you have to know about.

  • Term Life – This life insurance policy only lasts, as the name suggests, only a certain amount of time. It provides your family with the same death benefit, only it holds no cash value, and the day the policy ends you are no longer insured.
  • Whole Life – This policy lasts your entire life and accrues cash value as long as you pay the premiums on time. Should you reach a point in the policy’s life where you no longer wish to pay the premiums, you can get the cash which can be used for what you like.

Compare prices to get the best rates. 

In order to get the best rates which meet your needs and fit within your budget, you have to compare rates. It doesn’t sound too hard but when you have to enter the same information over and over again, it gets tedious. An independent insurance agent can compare the prices of many insurance companies with the simple click of a button.

When you buy life insurance do so confidently knowing what you are going to get. For help finding the right life insurance in Plano, Texas so that you can start enjoying the peace of mind that comes along you’re your family’s coverage, contact the Tri-Star Insurance Professionals.