At Ritchie Insurance Inc
., you can count on us for all your health and life insurance
coverage. As our life insurance agent takes a look at the needs and goals you have, a policy will be tailor-made for your situation. There are three common types of life insurance to buy that your broker will discuss with you:
– This typically has higher premiums because it has a lifetime period. It has cash value and is commonly used for estate planning in wealth preservation.
– This is a flexible option that gives you the choice to change your premiums and coverage amounts. It focuses both on death benefits and cash value.
– This only covers a certain amount of time. Beyond that, you can keep the coverage for an increased premium. It is typically used as a safety net to supplement lost income.