2335 S Lindsay Road, Suite 101
Gilbert, AZ 85295
Farmers Insurance Agency
of Marc Sollee ©
Call us for a quote at 480-900-8010
Tough questions. Simple answers. we make it simple to understand Life insurance.
What kind of Life insurance fits my needs?
In a nutshell, Life insurance comes in two forms: Term insurance and Permanent insurance. Let us walk you through the options to help you make the best choice for you and your family.
Term vs. Permanent Insurance
Term insurance provides coverage for a set period of time and is usually less expensive. It provides the greatest amount of coverage for the lowest initial cost. You may find that a Term policy is a good choice if you have temporary needs or if your funds are limited.
Permanent insurance, which includes Whole Life and Universal Life, may be the right fit for you if you want to cover a long-term need such as income for a spouse, legacy planning for children or end of life expenses. Permanent insurance may initially cost more, but may accumulate cash value.
It's difficult to say exactly which kind of Life insurance is better, because the type of coverage that's right for you all depends on your individual circumstances and financial goals. A combination of Term and Permanent insurance may be the right solution.
Term Life insurance
Whole Life insurance
Universal Life insurance