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At the Michael Taylor Agency, residents who live in or around the Rock Hill and Columbia, SC area can have all of their questions concerning life insurance answered quickly and efficiently. There are several types of life insurance which can make a person unsure of which type they need. Whole life and term life are two of the most common and are the easiest to understand.
Term Life Gives You More Options
Term life gives you the most options. You can choose the length of time you want the policy to be in effect. Some people may only want their policy for 10 or 15 years, while others may want a 30 or 40-year policy. Your needs are specific to your circumstances so you will want to have the coverage that protects your interests. You also have the option to borrow against your policy or cash it out once it reaches maturity. If you want to leave it in place, you can convert it to a whole life or permanent policy.
Term Life Is More Affordable
Because of the different options you have when it comes to the term of your policy, your premiums are often much more affordable than with a whole life policy. People who have children and are concerned about making sure their needs are met if an emergency occurs are often the ones who opt for a term life insurance policy. Simply put, it doesn’t take valuable resources away from the family, and it offers financial support when they need it the most.
In Columbia, SC, the residents of the Michael Taylor Agency can answer all of your life insurance questions and make sure you have the right type of policy that best suits your family’s individual needs. Reach out to our offices for more information.
