Life Insurance
Life insurance is something that many people depend on to leave behind wealth for their loved ones. It is not a requirement in Texas but a choice many choose to make.
Life insurance is a provision against financial loss at any stage of life, whether young or currently working. Retired people are often faced with decisions that involve leaving a spouse who is dependent and may receive fewer monthly benefits after their passing.
A death benefit can help alleviate the severe impact of losing a spouse during the painful transition into widowhood by lessening the financial impact. The cost of burial and the funerary ceremony for friends and close relatives can be covered.
Special needs children are often a consideration for parents who worry about their care afterward, and life insurance is a way to provide means and give peace of mind.
Types of Policies
A variety of products exist for you to choose from, depending on your goals, age, and financial situation. Term insurance, for example, lasts a particular period and is most commonly issued in segments lasting 10, 20, or 30 years. A death benefit is paid if the insured passes away during the term, which tends to be a reasonably inexpensive indemnification.
Permanent life insurance is a type of coverage that does not expire and lasts the entirety of the insured's life. It has a savings component that can be borrowed against, but that must be paid back and current at the time of death, or it will impact the death benefit.
ESCO Insurance Services Provides Quality Life Insurance Options
We ensure our clients receive products tailored to their situations, as each scenario is different. We invite you to contact us to discuss your life insurance needs, and you can make an appointment by phone or online.
