single premium whole life insurance quote

What Kind of Premium Do I Need?

No one likes to think about death. It isn’t something that you want to spend a pleasant Sunday afternoon talking about and planning. If, however, you want to make sure your family is taken care of after your death, then the time to start getting a plan together is now. When looking at different options, it’s easy to get confused. What is a single premium whole life insurance quote?

Asking your insurance representative for a premium quote is an excellent place to start. Quotes are based on various factors one of which is how much money would you like to leave behind. If you look at your family’s current financial situation and weigh that against what they would need to be comfortable in the event of your death, it will give you a starting point. A premium is an amount you are required to pay to get the coverage you need. A single premium is paid in one amount and not broken up into payments. It’s a lump-sum option that will immediately give you the life insurance coverage you need.

When speaking to your insurance company and mulling over policy choices, consider getting a single premium whole life insurance quote. Should the unexpected happen, it guarantees your family will be taken care of immediately because of your choice to pay the premium in full. That is something that will give you peace of mind as you move forward in life.