At Stirling Insurance Services, Inc. we aim to be the insurance leaders you trust to protect your home, auto, business, and what truly matters most- your life.
Finding the right Florida life insurance can be confusing. From having to weigh the pros and cons of term life insurance versus whole, universal and variable and beyond- it’s easy to get lost amongst the terminology and coverage differences.
At Stirling Insurance Services, Inc., we will help you navigate your way through one of the most crucial policy decisions you will ever have to make in your lifetime, and we vow to secure you the very best Florida life insurance .
Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… the list and combinations seem endless. We want to help you determine which Florida life insurance policy type is right for you! Whether you need Fort Lauderdale life insurance, Boca Raton life insurance, or the best life insurance anywhere in Southern Florida– we have you covered.
Term Life Insurance Basics:
- Coverage for a “term” or period of your life.
- Lower premiums for higher coverage.
- Rates can change after specific terms expire.
- No equity – cannot be used as cash value.
Whole Life Insurance Basics:
- Exactly like it says – permanent, not for a specific period.
- Protection carries with you your whole life.
- Can build equity and have cash value.
Higher premiums than term life, but can be more valuable in the long run.
Term and Whole Life Combined:
- Build lifelong base of whole live coverage.
- Supplement specific times of your life with term insurance.
When to choose term life?
Most people choosing term life have a strategy for long term net worth. They need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it may make more sense to have a term life policy that covers the mortgage and living requirements until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.
When to choose whole life?
Whole life can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Often times whole life policies will pay dividends – although not always.
Give us a call and let one of our expert life insurance specialists get you started on the right path. Contact Stirling Insurance Services, Inc. for more information and get your free Florida life insurance quote today!