What are the benefits of taking life insurance?

Life insurance is a contract between you and an insurance company. Essentially, in exchange for your premium payments, the insurance company will pay a lump sum known as a death benefit to your beneficiaries after your death. Your beneficiaries can use the money for whatever purpose they choose. There are various benefits of having a life insurance cover.

• Financial security

• Wealth creation

• Tax savings

• Buy young, save more

• Coverage for chronic and terminal illnesses

• Death benefit

• Return on investment

• Loan option

• Life stage planning

Term Life Insurance policies guarantee a monetary benefit upon the death of the insured person during a specified time. Call The Plemons Group at (480) 676-5721 for an affordable life insurance policy available in Peoria, Arizona.