In many ways, life insurance policies are among the most important types of insurance, protecting your family in the event something happens to you. Insurers offer a wide variety of policies, making the selection process extremely difficult. The expert agents at San Marcos Insurance Agency, Inc., providing a comprehensive range of private and business insurance products in Texas, would like to offer some advice for choosing the best policy for your needs.
When selecting life insurance, you'll first have to make a choice between a term and permanent policy:
Term Life Insurance Policies
These types of policies are ideal for situations in which you only need coverage for a limited time. For example, if you have kids and only need to make sure they're protected until they graduate from college, a term policy may be the ideal choice. A term life policy can also be written to cover a debt that will be paid off in a specified period of time, like a mortgage. These types of coverage are typically less expensive because they only pay out if you die during the term of the policy.
Permanent Life Insurance Policies
Permanent policies will pay out no matter when you pass on, making them a reliable fixture of your estate plan. While premiums for these plans tend to be higher, they offer other benefits that term life insurance policies don't, such as the ability to build capital that you can borrow against if the need arises.
Whether you're looking to protect your loved ones after your death or just need auto quotes, San Marcos Insurance Agency, Inc. has the industry expertise to help you get the perfect policy for you. Their agents will carefully evaluate your situation and guide you towards a policy that offers enough coverage with premiums that fit into your budget. Visit their website to learn more about their services and reputation, or just call (512) 754-7119 to make an appointment or get insurance quotes over the phone today.