At Insurance Xchange, we understand that planning for your death and your family's financial interest, should you pass, can be challenging. Fortunately, it's not all about dying, as one policy allows holders to use accumulated funds to use during their lifetime.
Yet, having this protection in place can help you feel more secure as you move toward the future, knowing you are covered with a life insurance policy. Our agents are life insurance experts ready to help those in Illinois choose the best policy for themselves and their families.
Term life insurance provides policyholders with coverage for a set amount of time. We recommend investing in a policy that offers at least ten times your annual income. Whatever monetary payout amount you choose is what your beneficiaries will receive should you pass during the term you set.
These policies accrue in value over time and provide coverage throughout the insured's lifetime, so long as the policy is active. There are no term limits, and funds from this reserve accumulate value and can be cashed out to use during your lifetime. Interest will accrue on a tax-deferred basis.
Enjoy additional benefits with both plans that can cover you as needed. It's possible to add on a term life insurance policy to assist with short-term expenses without increasing premiums by much.
At Insurance Xchange, we have access to an expansive network of the nation’s leading insurance companies and can help find policies that meet your needs within your budget. Get a no-obligation quote with one simple phone call, chat with an online agent, or contact us by email to get started. We serve Lombard, IL, and beyond and want to be your insurer of choice.
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