Long Island Life Insurance

 
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Long Island Life Insurance CompanyLife Insurance Company Long Island

Life insurance
Having life insurance is crucial, especially if you have a spouse and dependents.  Before purchasing life insurance, you will need to decide on the type of life insurance policy you will need. For example, you can invest in whole life insurance or term insurance. 
Whether you live in Suffolk County or Nassau County, Long Island their are many Life Insurance Companies to choose from 

Whole life insurance earns cash value over a period of time and pays dividends.  Owning this type of life insurance policy over a long period of time is considered a great investment because it will protect your family in the event of your death. This type of life insurance will allow you to borrow funds against its cash value. Cash can be used for any purpose -- retirement, to pay off debts, etc.

Term life insurance, on the other hand, does not earn cash value. As a matter of fact, it usually loses value over a period of time. This type of life insurance covers a purchase in the event of your death. For instance, let’s say you have a mortgage for $120,000; you can buy term life insurance to pay off your mortgage if you pass away.

Which type of life insurance is more affordable? 
Term life insurance is considered more affordable than a whole life insurance policy.  Make sure you conduct research before making a final decision on the type of life insurance policy that will suit you and your family best.