A life insurance policy is a must for anyone who wants to ensure that their family is supported in the most difficult of circumstances. Generally speaking, if you have dependents who rely on you for your hard work and income, have debt, or want to leave a legacy, then securing life insurance is a smart move.
Life insurance is designed to cover your family’s finances when you are no longer around to do. It’s a selfless policy that supports your family when you’re done, giving them adequate headspace to grieve.
If keeping your family safe and financially secure is your priority, having the right life insurance matters. Life insurance in New York can ensure the financial stability of your family by providing them a lump sum of money upon your death. At a time when your loved ones are grieving, having the financial help to pay for daily life, funeral expenses, remaining debt, and future plans can be a weight off their shoulders.
At Singh Agency, we have different policies you can select. Our skilled and knowledgeable team will work closely with you to choose the perfect coverage that suits your needs. Contact our experts today if you are looking to buy the most beneficial life insurance policy. We are ready to help you with all your coverage needs.
Term Life Insurance
This policy covers the policyholder for a set period of time, such as 5, 10, or 20 years. If the policyholder passes away within this time, the beneficiary(s) will receive the death benefit. If the policyholder survives the term, no benefit will be paid. The policyholder will need to renew their policy if they want to maintain coverage. It is an affordable option for many individuals and families.
Permanent Life Insurance
As the name suggests, this coverage follows you throughout your entire lifetime. Death benefits are paid out regardless of when the policyholder dies. A major advantage of this coverage is that it accumulates a cash value that can then be borrowed against – perfect for families looking for more financial flexibility.
At Singh Agency, we believe insurance is meant to help people in their time of need. We don’t sell a physical product but a responsibility to get you back on your feet.
