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Life Insurance in Tampa Bay
We are the solution if you’re looking for life insurance in Tampa Bay. By reviewing your unique situation, we can help you determine if life insurance is appropriate for you. We can help you work towards a more secure financial future. Call us today.
What's Life Insurance?
Life insurance is a contract between an individual and an insurance company. The policyholder pays a single lump sum or a specified amount at regular intervals, known as "premiums", to fund the life insurance policy. In return, the company will pay a lump sum death benefit to the designated beneficiary upon the policyholder's death.
Term vs. Permanent Life Insurance
If helping loved ones maintain a standard of living, and avoid financial hardships after your passing is a priority for you, life insurance products can help. As far as the various types of policies, they can generally be placed into one of two categories: term and permanent.
Term insurance generally provides coverage for a specified period of time and pays out a specified amount of coverage to your beneficiaries only if you die within that time period. A permanent life insurance policy, on the other hand, will stay permanently in effect for the rest of your life, as long as premiums continue to be paid.
Talk to our licensed insurance professionals to find out which type may be appropriate for you.
How does life insurance compare to other financial vehicles?
There are pros and cons to every type of financial vehicle and so the choices you make will ultimately depend on your unique situation and financial goals. Choosing an experienced financial professional is one of the best ways to help ensure you make the right decisions.
Who Needs Life Insurance?
Life insurance can serve many purposes and there are a variety of different types of life insurance to help you achieve your specific financial objectives.
- You might choose to purchase life insurance to cover final expenses (medical and funeral) which could be tens of thousands of dollars.
- To provide lost income to a spouse and/or pay for the expense of children still living at home
- To leave assets for a child's education or future life events
- To pay off mortgages and other outstanding debts
These only represent a few of the reasons why you might consider purchasing life insurance. Contact a life insurance professional at The Holland Group to find out more about your options.
Life insurance product guarantees and protection benefits are backed by the financial strength and claims-paying ability of the issuing insurance company. Life insurance may be subject to medical, and sometimes financial, underwriting.