Do you have questions about life insurance? The team at Senn Insurance Agency can help you explore your insurance options and determine which type of policy may be right for you and your family. We are proud to serve the insurance needs of the greater O’Fallon, MO community!
Different types of life insurance
There are four main types of life insurance that we would like to review today. If you would like to learn more, a local agent can answer all of your questions and help you find the right policy for your needs.
- Term Life – This is an excellent option for single people or those on a budget. It is essential to consider that the policies are for a defined period and expire after that term.
- Whole Life – One of the most popular types of permanent life insurance, a whole life policy has many benefits. You can set up such policies so that your premium will not vary throughout the policy’s life. It also builds a cash value, and your death benefit cannot change.
- Variable Life – If you would like to utilize your life policy as a financial tool, several variable policies are tied to investment accounts. These policies carry a more significant amount of risk than a whole life policy.
- Universal Life – This is a less expensive policy type as no cash value builds over time. And your death benefit will not change.
Give us a call today!
Senn Insurance Agency is proud to work with the O’Fallon, MO area residents. If you have questions about life or any other type of insurance, give us a call or stop by our office today!