Life insurance is hands down the most important purchase you will make. The ones you love most depend on this financial security to continue their current standard of living if the worst were to happen. However, as the most important purchase you will make, you must conduct the necessary research to make an informed decision.
One of the most important, yet standard decisions you will have to make in regards to this purchase is choosing between term life insurance and whole life insurance. If you are seeking short term relief, a term life insurance policy is likely the policy that will get the job done for you. This policy will be less expensive than other options and will put you in charge of its lifetime. Whether you choose 5, 10, or 15 years for your term policy, you will receive coverage.
However, if you have extended needs for financial security, a whole life insurance would provide you with a lifetime of coverage. These policies are typically a little more expensive because they accrue cash value and provide your loved ones with a lifetime of coverage.
Contact Accurate Insurance Inc. in Spokane for all of your Washington life insurance needs. We will help you navigate the world of life insurance so that you can make an informed decision of whether a term life insurance policy or whole life insurance policy would best suit your needs.