Life Insurance – Term and Permanent Policies and Whole Life
Welcome to The Ascension Group! Our specialty is ascending the protection level of all the families we work with. With over 17 years of experience in this industry we work hard to find the right plan or policy for you and your family. We have been proudly serving the Dallas area since 1999.
There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.
Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.
In contrast, Permanent insurance or Retirement-Cash Value insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value for retirement and is priced for you to keep over a long period of time. You may need to protect against risk today to protect the family but when you retire and the children are out of the house you may have different risks. Such as not running out of money at retirement. Your Permanent Insurance/Retirement plan can provide that extra income. Lots of flexibility, is a key highlight of these plans.
It’s impossible to say which type of life insurance is better because the kind of coverage that’s right for you depends on your unique circumstances and financial goals.
But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional.
Thank you for your interest in Ascension Group – Wealth & Life Insurance. We work closely with our clients to determine the best possible coverage to fit your unique needs and budget. Please feel free to call the office in your area: Dallas – 214.277.9497 or you can send us an email and a Life Insurance agent will reply promptly.
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