Life insurance in Dallas provides an umbrella of protection for your family in the event of your death. It can provide money to cover medical costs, funeral expenses, college tuition, mortgage or rent, and other living expenses. A Box Insurance Agency professional can assist you to understand your options, and provide answers to your questions.
Box Insurance Agency offers a wide variety of solutions for life insurance in Dallas, so you can choose a policy that works for you. A few of these options include:
Term life insurance provides basic coverage that typically does not build cash value. Term life insurance provides a death benefit for a specific time.
The premiums are typically lower than other types of life insurance in Dallas, because the policy provides a death benefit for a defined period. You can potentially extend or convert term life insurance into other types of life insurance in Dallas. However, it is likely the new premium will be higher than the previous policy. Furthermore, policy cost can continue to increase with your age.
Whole life insurance provides a fixed premium, builds a cash value, and a lifetime death benefit. Whole life insurance offers guaranteed cash value, and benefits in return for fixed premiums. However, a whole life policy’s cash value may build at a lower rate than alternative options.
Variable Life Insurance
Variable life insurance offers lifelong protection with a fixed rate. It differs from other types of insurance by providing you with the ability to make choices about where the premium is invested. The investment options are typically from within the insurance company’s own portfolio. It accumulates a tax-free, cash value from your investments, with the benefit of a guaranteed minimum level for your beneficiaries.
Survivorship Life Insurance
Survivorship life insurance covers two people, resulting in a higher premium than a regular policy. Survivorship life insurance is an option for wealthy individuals with a net worth in excess of $2 million. This type of life insurance in Dallas provides protection for their heirs from excessive estate taxes when they die.
Joint Life Insurance
Joint life insurance provides a benefit on the death of the first spouse or business partner. The premium is costs less than survivorship life insurance because it only covers one person. In addition, the cost is less than purchasing a separate life insurance policy for each spouse. The cost will depend on a number of factors, including the age of each spouse, the condition of their health, the length of coverage requested, and whether the policy is whole life coverage or term life coverage.
When whole life is attached to the policy, it offers a cash value. Joint life insurance in Dallas is useful for couples where one of the two has difficulty meeting the underwriting requirements.
Senior Life Insurance
If you are entering retirement without life insurance, a senior life insurance policy can provide your family with the protection they need.
Life insurance at any stage of life is a wise investment. Senior life insurance is developed for the particular needs of seniors. A senior life policy can be used for:
- Funeral expenses
- Outstanding credit card debt and other debts
- Financial security for your surviving spouse
- Estate taxes
- A final bequeath for a favorite charity
Box Insurance Agency provides the personal attention you will not receive from big insurance companies. We offer automobile, commercial, industrial, personal, small business, and life insurance in Dallas. Our dedicated insurance agents serve Dallas, Fort Worth, Grapevine, and the surrounding areas. Give us a call today for free insurance quotes, and answers to your questions.