LIFE INSURANCE & FINAL EXPENSE
TERM VS. WHOLE LIFE INSURANCE
At Hanlin Insurance, we have over 50 years of experience in the industry and make sure to provide personalized service for every one of our clients.
The Right Coverage for You
We understand that everyone has different needs and wants when it comes to their insurance, which is why we offer a variety of term and whole life insurance plans to fit every budget.
Term Life Insurance is less expensive but it only covers you for a fixed period of time as Whole Life Insurance is the most common type of Life Insurance and the policy lasts a lifetime.
What we Offer:
New Parents: It’s Time To Get Life Insurance
Congratulations! You’ve done it! You have brought new life into the world. You are now a parent, with all the overwhelming challenges that come with raising a baby. Your responsibilities have multiplied beyond measure. Dirty diapers, hungry little tummies, baby proofing the crib… it is hard to keep up. You want the best for your precious little one. You no doubt want to protect them and their future. It is time to get life insurance.
For many adults, having a child is the moment they realize the importance of obtaining a life insurance policy. Having life insurance is vital for providing your child with the financial means to grow and flourish in the event of a parent’s untimely death. It is important to understand what is life insurance and what it can and cannot do.
What is life insurance, exactly? Just like it sounds, life insurance distributes money to beneficiaries in the event that the policyholder dies. Life insurance can be purchased through an insurance agent. The three most common types of life insurance are term life insurance, whole life insurance, and universal life insurance.
Term life refers to insurance that covers a designated period of time, referred to as a term, and is generally a more affordable option when choosing coverage. For example, a term policy might last one year, five years, ten years, or more. The term policy might also terminate at a certain age such as 75 or 100.
Whole life refers to insurance that covers the policyholder for life. The cost for this type of coverage tends to be higher than that of term life insurance. That said, as long as the insured pays their premium, whole life insurance can provide long-lasting coverage. and significant peace of mind.
Universal life is similar to whole life, but the premiums vary over time. There are additional benefits to a universal life policy, but it is important to note that as the policyholder ages, he or she must gradually increase premium payments. Failing to do so can result in diminishing benefits and, ultimately, the loss of one’s policy.
If you, the policyholder, is the primary income winner in the family, life insurance will see that your income is replaced with non-taxable death benefits. For example, if you have term life insurance, your beneficiaries will receive fixed payments. This will greatly ease the financial burden on your family. Life insurance can make certain that after you are gone, your children can pay for school, your spouse can pay their mortgage, car payments, and other debts. Life insurance often covers the cost of funeral expenses as well as taxes on your estate.
For new parents looking to ensure that their children are financially secure should a tragedy occur, life insurance is a must! Ask an insurance agent for help finding a policy that will help protect a child’s future, and provide your family with much-needed peace of mind.
Final Expense Insurance
Hanlin Insurance is a trusted insurance agency that provides final expense insurance for those who need it most. Our mission is to provide you with the coverage and protection you need to secure your future.
Peace of Mind with Final Expense Insurance
At Hanlin Insurance, we understand that life can be unpredictable and expensive. That's why we offer final expense insurance, so you can have peace of mind knowing that your family will be taken care of if something were to happen to you.
Comprehensive Coverage at Affordable Rates
Our final expense policies are designed to cover all the costs associated with end-of-life expenses, including burial and cremation costs, medical bills, and more - all at affordable rates.
No Surprises or Hidden Fees
We believe in full transparency when it comes to our policies, so you won't have to worry about any hidden fees or surprises down the road. We have a team of experienced professionals who will help guide you through the process of selecting the right policy for your needs.
Secure Your Legacy
At Hanlin Insurance, we understand the importance of leaving a lasting legacy for your family and friends. Our final expense plans ensure that your wishes will be carried out and that your memory will live on forever.