Individual Life Insurance

 It’s a Good Idea To Have Your Own Life Insurance Policy

Due to today’s uncertain employment, having your own life insurance policy is a good idea, even if you may have life insurance through your spouse or employer.

The Basic Types of Life Insurance

Universal Insurance

Universal life insurance is “permanent” insurance based on a defined cash value (perhaps $100,000). Payments made above the cost of the insurance premiums are added to the cash value of the policy.

Universal insurance policies are usually linked to a stock, bond or other insurance rate index. Universal life insurance also earns interest. Universal life policies have flexible premiums and adjustable death benefits. You can increase or decrease the policy benefits as you see fit.

Term Insurance

This type of life insurance provides coverage at a fixed rate for a limited period of time. Term insurance offered through McKee & Andrews is in 10-, 15-, 20- and 30-year terms.

Whole Life Insurance

Whole life insurance, as it’s name implies, covers you for your entire life. Premiums must be paid every year of your life to keep the policy in force.

Group Life Insurance

This insurance is purchased by a group for its members. This may be an employer, professional association or labor union.

Our rates are often the lowest! 

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