Nassau County Life Insurance

 
Home    |     About Us    |    Contact Us    |    Car Insurance    |    Life Insurance    |    Homeowners Insurance    |    Health Insurance

 

Nassau County Life Insurance CompanyLife Insurance Company Nassau County

Life insurance
If you have a spouse and children having life insurance is acrucial element.  Before purchasing life insurance in Nassau County, New York 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.   

The difference between the two are 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.