Life insurance is something you do for the ones who count on you. It provides the safety net they need if you are not there to provide them with your income. It can help pay for your final expenses, but it is more than that. It may be the difference between being able to maintain the life they have now and having to downsize or sell the family home. At Oakley Insurance Group in Tucson, AZ, we understand there has to be a balance between what your loved ones may need and what you can financially provide.
Coming up with the right balance of affordability and protection can be challenging. You need to think long and hard about the amount of life insurance your family will require if you are not there to provide your income. Two main types of life insurance are available to you, and they both provide valuable coverage.
Whole life is a type of life insurance that stays with you for your whole life. Getting it when you are young locks in a low premium. The premium is forever, and it never goes up. It earns dividends that increase the policy's value, and if you ever need to, you can borrow from this policy.
Term life insurance has a term. It can be anywhere from five years to 30 years, and at the end of the term, there is no cash value. You are paying for the death benefit for a specific number of years. If you still need to have protection at the end of the term, it will be more expensive than it was before since your age affects the amount you pay. But if you need large amounts of life insurance, it is an affordable option. It is the way to go when you have young children.
Contact Oakley Insurance Group in Tucson, AZ when you are ready to discuss your life insurance needs.
"We worked with both Shawn and Tina. Both provided excellent service and were very thorough in explaining the coverages and costs. Insurance can be very tricky if you don't know what your doing. Having Shawn as a knowledgeable resource made the process much easier and we felt confident with our decision. Highly recommend the office for any of your insurance needs."
- Chris Towner
"Outstanding service, value, products. I do business with Oakley regularly and recommend borrowers there. They consistently do a great job!"
- Jerry Valenzuela
"Shawn, Cathy and the team at Oakley Insurance Group are a delight to work with. During a stressful experience of a car accident it was nice to know they had my back and best interest at heart.
Their team is also very personable, you will be treated with compassion, respect and kindness. Above all, you will receive excellent customer service, something that's sadly not as important as it used to be.
Thanks again Shawn and Team at Oakley Insurance Group! You're valued and appreciated!"
- T Hughes
"The staff in the office are great quick to respond and very helpful. Shawn is one in a million, she is the best broker I've ever known, they will always find the best rates for my insurance needs."
- Carol Henderson
"This is a great insurance agency they work hard and provide excellent service. Thank-you Oakley Insurance !"
- Jordan Hellebuyck