It’s tough to think about what happens after your death, but even worse is leaving your loved ones to figure it out on their own. A life insurance policy is your best option to ensure those you leave behind are financially protected after you pass. At McCune & Reed Insurance, we’re here to help you find the right coverage to protect you and your family during life’s most challenging moments. 

What Is Life Insurance?

Life insurance is a policy that helps cover funeral costs, outstanding debt and everyday living expenses when you pass away. There are two basic types of life insurance you can choose from, depending on your specific needs.  

Term life insurance  

Term life insurance covers you for a chosen period of time. This policy is an inexpensive way to have protection for a short time since it offers a death benefit with no cash value. Once your term ends, the coverage also comes to an end, and the policy no longer has any value.  

Permanent life insurance 

Permanent life insurance refers to any other life insurance policy aside from term life insurance. These policies are long-term with tax-sheltered savings plans. This coverage lasts a lifetime, which differs from term life insurance policies. Permanent life insurance policies build up a cash value that you can borrow against, withdraw from or use to pay future premiums.  

Learn More About Life Insurance 

It’s important to weigh the pros and cons of coverage for your specific needs before choosing coverage. Contact your agent at McCune & Reed Insurance to discuss your life insurance options to ensure your loved ones are protected when they need it most.