Life Insurance in Daytona Beach, FL
Imagining your family without you can be hard, but regarding finances, it’s necessary. The sad fact is that funerals are expensive, and loss of an income could give an already grieving family even more hardship. Commercial Coverages, Inc. offers life insurance in Daytona Beach, FL, that’s designed to meet your needs at every stage of life. The amount naturally depends on your income and your family’s future needs, but we recommend a policy that provides your family with 3x your annual income to ensure complete coverage if anything happens to you.
Our life insurance agent is happy to help you determine what’s best for you and your family. We work with you to choose the most suitable coverage type and decide on a dollar amount that’s sufficient for your dependents or beneficiaries to maintain a reasonable standard of living. There are 3 sources to consider: group, term, and whole. Our team can explain the differences between them and offer you a free quote for them too.
Group Life Insurance Program for Workers
If you’re an employee, you can ask your plan’s administrator at work about your eligibility for coverage. Most group plans allow you to apply for coverage at specific dates during a business year. In some cases, companies will either pay “in part” or “in full” for a basic term life insurance policy as an added benefit of your employment. Finding out early can prepare you to apply later.
Buying a policy is a lasting decision, one where you and your family stand to benefit immensely from talking to a professional. That’s where we can help. In addition to simplifying your online shopping experience for insurance products, our crew is dedicated to providing you with smart, timely advice even as your needs for financial protection evolve.
What’s a Term Life Insurance Policy?
Term is the most affordable form of life assurance and was so named for how the product works. You buy it on an established cash amount for the death benefit—but only for a limited period of time or term. After the policy expires, the rate of the premiums and terms and conditions of coverage are no longer guaranteed.
Plans like these are perfect for when you’re on a budget but need protection the most. For example, if you and your spouse have just had a newborn or a dependent is in college, you may need high levels of coverage for a temporary need. Term options make that possible even when you’re trying to tighten your belt.
Whole Life Insurance Policy Information
Most permanent life assurance products are considered to be financial instruments used for estate building or accumulating wealth. Whole life insurance provides face value coverage for your beneficiaries with tax-deferred growth for you. A policy of this nature can guarantee ongoing insurance coverage regardless of your age or change in health. You’ll never have to worry about the people you love not having what they need.
Contact our agents to learn about life insurance and all of its potential. We bring this benefit to the people of Daytona Beach, Florida, and the nearby neighborhoods.