There are two main types of life insurance policies, term life insurance and permanent life insurance. Which one works you depends on what your needs are. The following is some guidelines about the differences between the two so you can make the best decision for yourself and those that depend on you and your income.
A term life insurance policy is one that covers for a specified period of time. You can set the period, in years, that you need to have a policy in place. Those with young children, for example, might consider buying a 20-year term life insurance policy so that their children’s college educations are paid for. Another reason to buy a term life insurance policy is if you have a long-term debt, such as a mortgage, that you want to make sure would be paid off if you were to die prematurely.
A permanent life insurance policy provides coverage for the entire length of your life. They also accumulate savings over time which can be borrowed against. The savings can also be used to pay the premium of the policy. The cost for this type of policy is higher than what a term life insurance policy would be.
Freedom Life Insurance of America, Inc. is a company that offers both of these types of policies. It is a subsidiary of USHEALTH Group and is headquartered in Fort Worth, Texas. Freedom Life Insurance offers policies that are priced competitively with other life insurance companies making it a good choice for your life insurance carrier.
The life insurance policies that are available through Freedom Life Insurance are sold through the network of insurance agents called USHEALTH Advisors. It is a life insurance company that has been around since 1956 so they have a stable background in the industry. In addition to life insurance policies they also offer other types of insurance products such as annuities, including both indexed annuity and variable annuity products. Learn more:https://www.corporationwiki.com/Texas/Fort-Worth/freedom-life-insurance-company-of-america-3543239.aspx