A life insurance policy is the best way to secure the future of your family if something happens to you. Life can be unpredictable. But a life insurance policy can ensure financial security for your loved ones by providing a tax-free payment to those you designate as your beneficiaries. It will help them get through difficult times, even in your absence. The financial safety net that comes with life insurance can also allow your business to continue after you, without suffering any major setbacks.
Nauroth & Associates Insurance Brokers Ltd. offers life insurance policies for customers in Prince George. As independent, locally-owned insurance agents, we deliver best-fit policies at affordable prices. If you are planning to buy life insurance in Prince George, contact us and we will assist you in selecting just the right policy.
If you think your family might need financial support after you are no more, then life insurance is for you. At Nauroth & Associates, we understand how valuable a life insurance policy can be for you and your loved ones. So we help you access the best policies and make sure you get every possible benefit.
Depending on the life insurance policy you buy, your dependants can-
Pay off your debts
Overcome lost income
Continue paying for education
Maintain the standard of living
Cover funeral-related expenses
If you own a business, a life insurance coverage can help with:
Paying off debts
Continuing operations without setbacks
Securing or purchasing your shares
If you have any queries regarding life insurance products, you can talk to us. You can trust us to provide honest opinions and advice. We also provide other insurance services, including home insurance and travel insurance, to name a few. So, feel free to contact us with your requirements and we’ll be happy to help.
Your coverage will vary depending on the type of life insurance you choose. There are several types of life insurance available that can be classified into three basic categories- term, whole and universal.
Term life insurance: These policies are for particular terms or time periods after which they can also be renewed. Simple and flexible, term life insurance is preferable for customers with a limited budget and falls under the temporary category.
Whole life insurance: These policies provide permanent coverage that lasts a lifetime. Premiums are consistent and fixed. Customers can enjoy tax-deferred cash accumulation and borrowing options.
Universal life insurance: These policies also offer life-long coverage upon fixed premiums and fall under the permanent category. Compared to whole life insurance, these permanent coverages are more flexible. One can also borrow money against these policies.
You may be wondering which life insurance type is right for you and your family. If you only need life insurance for a fixed amount of time, temporary life insurance may be what you need. This type of insurance could be used to cover certain debt, like paying off a mortgage so that your dependents don’t have to. On the other hand, if you want to make sure your beneficiaries receive some kind of death benefit after you have passed permanent life insurance is your best option. Furthermore, you are able to accumulate a cash value for your permanent insurance. However, your premiums will be higher than term insurance policies because this type of insurance never expires.
At Nauroth & Associates, our brokers can help you find the right life insurance in Prince George. We take into account every crucial factor like your circumstances and needs, your age, medical history, and your budget to determine what type of life insurance works best for you.