No one wants to think about what might happen if they lose their partner or die prematurely. Unfortunately, whether it be by accident or illness, it happens sometimes and it is better to be prepared than to be caught without a plan. Haughan and Associates insurance agents offer individual, customized insurance programs and are more than happy to help you find one that is right for you and your family.
To begin with, most people opt to purchase a term life plan. This is an insurance policy that will pay a set amount to the beneficiary if you die. Generally, the policy is worth enough to cover your current debt and allow your loved one to live comfortably for a short time.
As individuals age, they generally start to look more closely at whole life policies. These policies cost a little more than term life insurance, but the premiums are usually fixed and never expire. It can be used to help loved ones pay taxes on property they inherit, to purchase shares in a family business or to cover final expenses.
There are many policy options when it comes to making sure your family is taken care of after you are gone. Haughan and Associates Insurance Agents want to help you make sure you have the coverage you need.