Life is full of unexpected events. Make sure your loved ones are protected from every worst-case scenario by having the right life insurance coverages in place.

Unfortunately, you never know what life has in store for you.  While you may hate to think about it, if you have a spouse, children, or other people who depend on you, then it’s important to take the proper precautions to protect them in the event of your sudden death.  If you were to pass away unexpectedly, then your loved ones would be left to cover your outstanding debts, meet your continuing financial obligations, and pay for your death expenses all without the assistance of your income.  The best way to help your family avoid this impossible financial situation is by putting the right life insurance protections in place.

In the simplest terms, life insurance in NY offers coverage to help secure the financial futures of your loved ones in the wake of your passing.  Generally, the death benefits offered by life insurance are used to pay off things like credit card debts and student loans and cover major financial obligations like mortgage payments and university tuition.  Additionally, life insurance benefits can be used to cover the cost of the policyholder’s funeral, burial, and other final expenses.  Finally, a portion of the life insurance payout can help replace the policyholder’s income and afford their family a sense of financial stability for the years to come.

When it comes to life insurance in NY, there are two main policy types: term life and whole life policies.  Term life policies are the more common of the two.  This type of policy offers life insurance coverage for a set term length, generally 10-30 years.  As the name suggests, whole life policies offer life insurance coverage that spans the policyholder’s entire life, so long as they continue to pay their insurance premiums.  These policies tend to be a bit more complicated and are well-suited for individuals with a diverse financial portfolio.

Interested in learning more about your life insurance options and ready to secure this important protection for your loved ones?  Then contact the professional team at Premier Risk, LLC.  Our experts are ready to get you the coverage that you need today.