Syracuse, NY Life Insurance
At HighPoint Advisors, LLC, we take the matters of life insurance and Medicare seriously. Our credentials and expertise can help you choose appropriate coverage from the various options available. You’ll discover why life insurance is beneficial and how you’ll gain peace of mind through our counsel.
Life Insurance: What You Need to Know
The concept of life insurance is simple, yet it means so much. A life insurance policy helps provide financial support to loved ones in the event of an unexpected death. Depending upon the policy one chooses, it can help a loved one pay bills, funeral costs, and much more. A spouse’s retirement may be protected, as well as the costs for a child’s education. Coverage may include Term, Whole, or Universal policies.
Term provides against a loss of life for a specified period of time, typically from 1-30 years. Whole coverage will pay out over the lifetime of the insured person, as long as premiums are paid. The cash that is accumulated will provide security, which may be loaned or paid to the insurer as needed. With a permanent Universal plan, you are offered flexibility in your premiums. If you wish, you can pay extra to accumulate a cash value.
Why Coverage Is Important
Life insurance is primarily intended to protect loved ones in the event of a sudden loss of life. This typically includes the spouse and children, although it can protect whomever you choose. The insured will also have coverage when it is needed most. It differs from health and disability coverage in that the policyholder will ensure his/her loved one’s financial needs are provided for in his/her absence. Health insurance will simply provide coverage for medical expenses, and disability coverage is meant to aid the disabled.
HighPoint Advisors Can Help You Decide
To the average individual, deciding among policy options may seem overwhelming. Our team has years of experience in financial planning to help you make appropriate decisions. We can help incorporate your insurance decisions into your long-term financial plan with consideration for all your other financial obligations. Call (315) 627-0474 today for more information!
Please keep in mind that insurance companies alone determine insurability and some people may be deemed uninsurable because of health reasons, occupation, and lifestyle choices.