At Knippenberg Insurance Inc., we believe informed consumers make better clients. Our Cumberland, MD office is available to answer your insurance-related questions before, during, and after your purchase and even assist with any claims.
We often get questions regarding life insurance and what type of life insurance may be best. Here is a quick look:
Term Insurance or Permanent Insurance?
Early on, you will be faced with choosing two basic types of life insurance. Permanent life insurance offers you protection for your entire life, provided premiums are paid in a timely manner. Term insurance provides coverage over a specific set period, typically for five to twenty years.
Term insurance is generally more affordable, making it an attractive choice for those looking for a large amount of life insurance protection.
Examples of When You May Want to Consider Term Insurance
Term insurance can appeal to those starting a family or having young children. It can help cover outstanding mortgage debt or anticipated college expenses. It is also a good choice for those who may be starting a business.
Term life insurance protects your income during your peak earning years.
The Best Time to Buy
The best time to buy life insurance is when you are young and healthy. This is when premiums are generally at their lowest, and you can qualify easily for large amounts of protection. Knippenberg Insurance Inc., in Cumberland, MD, can help.
Contact us for a free quote. Answer a few brief questions, and we can help you choose a life insurance plan that suits your needs and budget.
Of course, should you have any questions, we are here to serve you!