Looking to purchase life insurance for yourself or as a benefit for your business employees? Tedford’s life insurance experts are ready to help.
Term life insurance policies start at very low rates and help provide financial security for your loved ones in the event of a premature death. If you are the primary wager earner in your family, life insurance could help your family pay bills and cover expenses.
What types of personal life insurance are available?
Life insurance policies are generally divided into two categories: term and whole life. Whole life policies combine life insurance with an investment fund, while term life insurance policies do not.
Whole life insurance includes a range of options, including variable and universal policies, which are connected with different types of investments and have different benefits and restrictions. Because whole life is tied to an investment and can earn returns, it’s more expensive to purchase than term insurance.
Term insurance lasts for a set period of time (for example, until you’re 60 or 65) and is usually paid for in monthly premiums.
(Don’t forget – Tedford makes paying your premiums easy with our online payment system!)
Life insurance packages for businesses
Life insurance is often a key part of employee benefits packages. In fact, more than half of all Americans have or purchase life insurance only through their employer.
If you’re considering purchasing group term life insurance for your staff, we’ll be happy to work with you to explain your options and create a package tailored to your needs.
Buying life insurance as part of a benefits package:
- Can provide you with a tax-deductible business expense
- Helps attract, retain and reward top employees
- Is available at affordable rates
- Can provide employees with the choice to purchase supplemental coverage
Ready to speak with a Tedford agent about getting a life insurance quote for yourself or your employees? Click here [link to Contact] or call us at 918-299-2345.