Insurance is there to protect the things that matter most, and nothing is more important than family. If something were to happen to you, a life insurance policy allows you to keep taking care of your loved ones, providing the resources they’ll need to start rebuilding their lives. Here’s how life insurance works and how it can help your family.

What You Should Know About Life Insurance

What Is Life Insurance?

Life insurance is a policy that pays a cash benefit to people you choose if you pass away while the coverage is in effect. Insurance companies offer a broad array of policies, but they fall into two general categories: term life and whole life insurance. Term life pays benefits if something happens during a specified period, usually 10 to 25 years, while whole life products are valid indefinitely.

Why Is Life Insurance Important?

Life insurance provides a valuable safety net for those who rely on you for financial support. Even if you’re single without children, a life insurance policy can relieve your loved ones of the financial burden that burial expenses can bring. With the cash payment, your spouse can pay off the mortgage or set up an education fund for your children. You may even choose to buy enough coverage to replace your income for the rest of their lives.

How to Choose a Life Insurance Policy

The right policy for you depends on a variety of factors, including your income, the number of dependents you have, and your goals. Some may only want coverage until their children are grown and building lives of their own, while others may want permanent insurance with investment components allowing them to leave a legacy. Before choosing a policy, investigate your options and consider consulting a professional.

Life insurance can be confusing and overwhelming, but the experienced agents at Kleppinger Insurance in Bethlehem, PA will walk you through the options and select the policy best suited to your needs. Their network includes some of the best carriers in the business, and they’ll shop around to find the right coverage at the best prices possible. Visit their website for more on the benefits of life insurance, or call (484) 357-1485 to request a free quote.