Term life insurance provides coverage for a specific amount of time. Learn about this type of coverage. If you want to purchase a policy, contact one of our Bryan Insurance Agency LLC representatives for assistance.

Whole Life 

A whole life insurance policy provides coverage throughout a person’s life. This type of policy often builds a cash value that can be borrowed against. Because a whole life insurance policy is valid for a long duration, this type of insurance coverage is often more expensive than the cost of a term life policy.

Term Life

A term life insurance policy will remain valid for a specific amount of time. The insured will be supplied with a fixed rate. This rate will not change while a term life insurance policy is valid. Once the term life insurance policy has expired, the insured will need to purchase a new policy if they would still like to be covered.

A term life insurance policy will not build a cash value that the insured can borrow against. Because a term life insurance policy is only valid for a specific duration, the coverage may be much more affordable than purchasing a whole life policy.

Additional Information

Consider how a term life insurance policy can benefit you. If you have young children, you may want to purchase a policy that will guarantee that your children will be financially supported if you die before they are legal adults. If you have teenagers who are in college, you may also benefit from having term life coverage.

Contact Bryan Insurance Agency LLC

If you want to purchase a life insurance policy, contact one of our agents who serve New Windsor, NY. An agent will outline the life insurance products that you can select from.

While no one likes discussing life insurance, it’s a topic that must be addressed and planned for. Most people think that you should be around 40 or 50 to start thinking about purchasing a life insurance policy, but is this true? At what age should you start considering buying life insurance as a New Windsor, NY resident (or anywhere else)?

It’s Never Too Soon

You’re never too young to start thinking about purchasing life insurance. Some parents even have life insurance for their children, like a "grow-up" plan. These plans mature with the child but can also be used if the unfortunate happens early. So, if you’re young and just starting in the workforce, purchasing a good life insurance policy is not a bad idea. Many companies will even provide up to a certain amount of life insurance while allowing you to purchase more. 

Rates Are Lowest For Young People

There are advantages to purchasing a life insurance policy while you’re young. One definite plus is that rates are the lowest for young people, so the sooner you obtain a policy, the less you’ll pay. Some prices are locked in, so rates won’t increase with age, but this depends on the company and the type of life insurance. 

No one can ever predict when they might die. An unexpected illness or accident could occur at any time, which is why there is no specific age at which a person should purchase life insurance. Call us at Bryan Insurance Agency LLC if you’re looking for a new insurance agency. We cover the New Windsor, NY area in addition to others. You won’t be disappointed by contacting us because, at Bryan Insurance Agency LLC, we focus on providing the best customer service as well as supreme coverage.

Life insurance is one of the best ways to have peace of mind, knowing that your loved ones will be protected if you pass away. If you’re in or near the New Windsor, NY area, Bryan Insurance Agency LLC can help you find the right policy and coverage level for your needs. Here’s what to consider when choosing this type of insurance.

What You Need to Know About Life Insurance

First, there’s more than one kind of life policy. Term life is designed to provide coverage for a set period, after which it will expire. The whole life doesn’t expire, but it will have more requirements to start the policy. You may have to undergo medical exams and have ongoing requirements to keep the policy in force, especially past a certain age.

Second, a whole life policy will cost more than a term life policy in most cases, and you may be able to use the accumulated value of a whole life policy in the future for medical care or other expenses, even while you’re still alive. A term policy doesn’t have any of those options and will need to be replaced with a different policy when the term expires.

Lastly, the level of coverage you choose should be based on what your loved ones will need if you pass away, based on your current family dynamic, age, and other factors. As you grow older, you may want to adjust your policy. This is also true of any significant life events you experience, such as getting married or having a child.

If you’re in the New Windsor, NY area and interested in talking to a trusted professional about life insurance, contact us at Bryan Insurance Agency LLC today. We’re here to help you find the right policy and more peace of mind.

We know that investing is an important part of financial planning, but what qualifies as an investment? At Bryan Insurance Agency LLC, serving New Windsor, NY, and the surrounding areas, we want to help clients understand how insurance works into their investment plans. Keep reading to learn more about life insurance as an investment. 

Is Life Insurance an Investment?

Yes, life insurance can be considered a type of investment. Life insurance is different from other investments because this is not an investment you will benefit from directly. This is an investment that your beneficiary will benefit from in the event of your death. This is the type of investment you make on behalf of others. 

How Does Life Insurance Work?

When you purchase a life insurance policy, you will set it for a specific amount. This benefit amount is the amount of money that will be paid to your beneficiaries in the event of your death. You will pay a monthly premium for this insurance policy each month. 

Your beneficiary will file the benefit claim in the event of your death. The insurance company will then disperse the benefit amount to them. 

How Much Life Insurance Should I Purchase?

This is a very personal question, and the answer is based on many different factors. The easiest way to determine how much life insurance to purchase is to sit down with an insurance rep and discuss the specific details of your financial situation and your goals for your family. 

If you want to learn more about life insurance, please get in touch with us at Bryan Insurance Agency LLC, serving New Windsor, NY, and the surrounding areas. We will happily answer your questions and find the right products for you.