Individual Life Insurance
Life insurance in Fort Worth, TX can help secure your family’s financial future in the event of your death. A life insurance policy can cover burial and medical expenses, pay off a mortgage, car loans, and other outstanding debts. In addition, it can ensure the payment for your children’s college, and maintain a comfortable standard of living. Box Insurance Agency can answer your questions with detailed information regarding the various types of life insurance, and provide you with policy you need.
There are a variety of life insurance policies from which to select. Choose a policy based on your needs for Life insurance in Fort Worth, TX:
Term Life Insurance
Term Life Insurance is an affordable alternative of life insurance protection for your family. The policies are current for a limited period, typically 5 to 20 years. Insurance premiums are fixed for the period selected, and will not increase. If the insured dies during the term period, the death benefit is paid to your designated beneficiaries. A term life policy does not build cash value.
Universal Life Insurance
Universal life insurance provides flexibility in the frequency of when you pay the premium and the distribution of death benefit amounts to your beneficiaries.
Premium payments are deposited in an interest bearing savings account. Each month, withdrawals from the account pay for administrative costs and life insurance premiums.
Whole Life Insurance
Whole Life Insurance provides insurance protection for a lifetime, and guarantees a benefit. Premiums are set and remain level for life, with the lowest cost being when the policy is purchased at a young age. Whole life insurance builds cash value over time, and earns guaranteed interest. Policyholders can take tax-free loans from the cash value, providing a source for living benefits, such as paying a child’s college education, or paying a mortgage off.
Furthermore, the cash value and death benefit never decrease, unless you withdraw the cash value from the policy, or stop paying the premiums. Contact Box insurance agents today for questions about life insurance in Fort Worth, TX.
A number of riders are available with a whole life insurance policy:
Living Benefit Rider provides immediate cash if you should become terminally ill and are in need of it. The insurance company would pay you a portion of your death benefit before you die.
A Waiver of Premium provides the payment of premiums should you become disabled for at least 6 months. The rider pays premiums even when it is for the rest of your life.
Double indemnity doubles the death benefit of your death is due to an accident. A Box Insurance Agency agent can answer your questions about life insurance in Fort Worth, TX.
Call or come by Box Insurance Agency today for additional information about life insurance in Fort Worth, TX, Dallas, Grapevine, and the surrounding areas. We pride ourselves on providing you with personalized attention, ensuring you receive the insurance you need, and the service you deserve.