Holly Hill Insurance Agents with MetroSurance offers several coverage options for your life insurance needs.
Life Insurance
There are many types of life insurance available to individuals and businesses in Holly Hill. However, the various life insurance products can be classified as one of two types: term insurance and permanent insurance.
Term Insurance is designed to meet an insured’s temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if the named insured passes during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time.
In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.
The specific type of life insurance which is appropriate for you depends upon your unique circumstances and financial goals.
The best way to figure out the amount and type of life insurance that makes sense for your particular situation is to schedule a meeting with one of our qualified Holly Hill life insurance professionals.
An annuity is an insurance product which, in exchange for a sum of money, guarantees that the issuer will make a series of payments at some future date. These payments can be either level or increasing periodic payments for a fixed number of years or until the end of life. The main feature of an annuity is that it is a vehicle for distributing savings with a tax-deferred growth factor. The two general types of annuities are immediate and deferred annuities.
Unlike in the past, when life annuities were the main type of contract, today there are a multitude of different types of annuities. There are far too many types to list them all here, but some of the main types are:
- Fixed Annuities
- Variable Annuities
- Indexed Annuities
- Immediate Annuities
Please call your Holly Hill insurance leader at 386-310-1551 or e-mail us at info@metrosurance.com for a free quote.
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