It’s always a good idea to have life insurance. No matter your situation, life insurance is essential for those left behind. Don’t go without life insurance when doing so can set your family up for financial hardship. If you don’t have a life insurance policy, it’s time to get one. Call us at JC Demo Insurance Group in Matthews, NC to learn more. 

Whole Life Insurance

There are two main types of life insurance. One of these is called whole life. This is a type that comes with several benefits as well as a drawback. These policies offer coverage that never expires. With term life insurance, the policies will expire at a certain time. However, whole-life policies work very differently. They have no expiration date and can’t be canceled while you keep paying for the policy. Not even the insurance company can cancel them if you continue to pay. This type of life insurance also comes with a cash value amount. This amount is cash that you can borrow in a financial emergency. It’s an expensive policy, though, much more expensive than a term policy. 

Term Life Insurance 

Term life insurance is much different from whole life. These policies are written to only last a certain number of years. Unlike whole life, they don’t go on forever. When these policies expire, you are no longer covered. At that point, you’d have to get a new policy to be covered again. There is also no cash value to these policies. The upside to those factors is that this type of life insurance is much less expensive. 

Choose Your Life Insurance 

When you’re ready to choose a policy, call us at JC Demo Insurance Group in Matthews, NC.