Types of Life Insurance in Pittsburgh

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Types of Life Insurance
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If a child, a spouse, a life partner, or a
parent depends on you and your income, you need
life insurance

- Suze Orman
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• Three Types of Life Insurance
• Term Insurance (Death benefits only)
• Universal Insurance (Death and Living benefits)
• Whole Insurance (Death and Living Benefits)
• Each has its own advantage and one size doesnt
  fit all. Lets understand the benefits
  individually.

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• Term Insurance
• There are three popular types of term insurance,
  they are Annual renewable term, level term and
  mortgage insurance.
• Annual Renewable Term This contract renews
  annually, premiums increase each year and it is
  best if you have a short-term need of about five
  years or less.
• Level Term Higher premiums than ART in first
  years. Premium and coverage remain level for
  stated time period 10, 15, 20, sometimes 30
  years at the end of period.
• Mortgage Insurance Face amount or death benefit
  decreases annually while the premium remains the
  same. Insurance protection ends when the face
  amount decreases to zero.
• Advantage This policy is less expensive than
  whole or universal life insurance and offers pure
  death protection.

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• Universal Insurance
• These contracts have cash value that earns
  tax-deferred interest at competitive market
  rates, and premiums can be flexible.
• You can skip making premium payments as long as
  the accumulated cash value covers the cost of the
  pure insurance protection.
• Depending on the contract, you can able to
  increase or decrease the contract death benefits
  according to your needs.

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• Whole Life Insurance
• Guaranteed premiums, interest and death benefit,
  lifetime protection, cash value compounds, which
  can be substantial after about 10 years.
• Policy loans available at rates guaranteed in the
  contract, forced, tax-deferred savings with the
  benefit of FIFO (first in, first out) withdrawals
  and more.

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Want to purchase life insurance? Contact Driscoll
Insurance Financial Services that helps their
clients prepare for the unexpected.
Phone [phone] Website
http//www.driscollfinancial.com/