Protect What Matters Most With Life Insurance Coverage That Helps You Sleep at Night
Life Insurance in Utah
Life insurance is one of the most important elements of a comprehensive financial plan. With life insurance coverage, you are not only giving yourself the peace of mind your family is taken care of, but you’re also giving your loved ones the benefit of reducing their financial burden upon your death.
Don’t put off this conversation any longer. Let’s get you and your family set up with effective life insurance coverage so you can enjoy your life without worrying about what happens next. Contact ASA Insurance in Salt Lake City today to get started.
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What Does Life Insurance Cover?
Life insurance policies can be used to cover a number of costs following your death, including many that your loved ones would be left covering on their own otherwise.
- Funeral expenses
- Remaining medical bills
- Estate taxes
What are the Different Types of Life Insurance in Salt Lake City?
There are several different types of life insurance to choose from depending on what suits your needs and the needs of your beneficiaries best. The two most common types of personal life insurance are whole life and term life insurance.
Whole life insurance
Whole life insurance is a form of permanent life insurance that comes with many benefits for the insured and their beneficiaries. Not only do these policies guarantee a death benefit for the lifetime of the insured, but they also have a cash value account for savings. Premiums for whole life insurance policies stay the same throughout the length of the policy. If the insured makes payments above their premium, these are credited to that cash value account where they earn a fixed rate of interest.
Term life insurance
These policies cost less than whole life insurance policies and they offer coverage at a fixed rate for a set period of time. If the insured dies during that period of time, then their benefits will be paid out. In many cases, these policies can be converted into more permanent plans, including universal or whole life insurance.
There are also a number of other life insurance policies suitable for businesses to offer their employees. We look forward to discussing all of these options with you when you call us today.
Life Insurance FAQs
How much does life insurance cost in Utah?
Do I need life insurance?
For example, if you are single, have no dependents, and have enough money to not only cover your debts but also your death-related expenses (including your funeral), then you might not need life insurance.
But if you are married, have children or dependents, or debts, these are a few signs that life insurance is likely the way to go.
What is supplemental life insurance?
What does life insurance cover in Utah?
Is life insurance worth it?
What is universal life insurance?
How to get life insurance
With this information on hand, you can contact a life insurance company in Salt Lake City such as ASA Insurance to find the right type of policy and coverage for you. Your insurance provider can guide you through your next steps, including any other information they will need to explore your options.
How does life insurance work?
Then, your beneficiaries (perhaps your children or spouse) can use that money as they see fit, including for their daily expenses and your funeral expenses.
We’re Not That Far Away!
For all of your life insurance needs, ASA Insurance in Salt Lake City is just a phone call away! We’ve been finding commercial and personal insurance policies for our clients across Utah since 1950, and we look forward to doing the same for you.