Houston TX Life Insurance Plans

There are countless Houston TX Life Insurance Plans to choose from, and selecting the right one can be confusing. The good news is that you don’t have to go through the selection process alone! The insurance agents at Best Life Insurance Houston Agency are here to help you select a policy based on your goals, financial situation, and life circumstances. We have a combined fifteen years of experience helping clients find a life insurance policy that gives them peace of mind for when they are gone.

Having a suitable life insurance policy in place means that, when the time comes, your family can grieve for your loss rather than wonder how funeral costs will be covered. Life insurance is designed to help loved ones deal with the financial implications of your loss when you’re gone. It replaces your income for several months to years and also covers the cost of funeral expenses.

Find your life insurance policy with help from Best Life Insurance Houston Agency!

The process of selecting a life insurance policy can be confusing and unexpectedly complicated, depending on your life circumstances. There are several policy types you can choose from, each of which has different qualifications and benefits attached. This is why having the right insurance company on your side can make such a difference. At Best Life Insurance Houston Agency, we make the process of selecting your life insurance policy easy and affordable.

Special Considerations

A special considerations policy refers to a collection of life insurance policies that offer coverage for individuals that would normally be rejected. For instance, HIV-positive patients and individuals with a history of smoking can receive certain types of coverage if they meet qualifications and requirements. Additionally, caretakers of special needs children can set up a trust fund so that in the instance they pass; the children have their needs provided for financially.

Each policy has its own guidelines, so it is important to know what those are before applying. Furthermore, the premiums for these policies will often be higher than for other types of life insurance. However, you can find the best deal by talking with an insurance agent with the expertise you need, like those at Best Life Insurance Houston Agency. Call or go onto our website to get your free quote!

Guaranteed Issue Life

Some individuals are denied coverage due to their health situation or life circumstances. Guaranteed issue life insurance puts an end to the struggle for coverage by providing it for all people, no matter their age or health status. While the premiums are higher for these policies, having coverage options for your loved ones can provide peace of mind that is priceless.

There are insurance options that will turn down cancer and Alzheimer’s patients and those with chronic illnesses. However, with guaranteed issues, you can get the coverage you need and deserve. That way, your family will not have to worry about funeral expenses or financial problems once you are gone.

Term Life

Houston TX Life Insurance Plans

Term life insurance is a type of policy that exists for a defined number of years, at which point it must be renewed or allowed to lapse. The majority of term life policies are either ten, fifteen, or thirty years in length.

However, these policies can be flexible. Once the policy term has ended, you can make a choice to let the coverage lapse. You can also renew it, or opt for another policy. If the covered individual passes during the policy term, then their loved ones will receive the death benefits.

You might be wondering how to choose a term length that fits your needs. This will vary from person to person. However, the following guidelines give you a general idea about which individuals each term length is ideal for:

10-year term: For those with short-term loans, teens, or terminally ill patients in their family.
15-year term: Ideal for those with middle-school children, long-term loans, or who are of retirement age.
30-year term: Best choice for new homeowners, families with young children, and for those with long-term loans, like a 30-year mortgage.
Temporary term: Families with older teens and short-term loans can benefit from a temporary term life insurance policy.

When you receive an unexpected diagnosis, countless thoughts and questions run through your mind. One of those probably has you wondering how your family will survive financially in the event of your passing. One way to ensure they are provided for is to purchase a Houston life insurance policy. This is a policy that pays out death benefits to your loved ones when you pass.

Whole Life

Whole life insurance is a type of permanent life insurance that exists for the duration of your life as long as you pay the premiums. Furthermore, coverage does not decrease and remains the same no matter what your life circumstances.

Agents often refer to whole life policies as ‘cash value’ policies. This is because the premiums are split two ways. Part of your payment goes to the insurance policy, while the other portion goes to a cash account that is built into the policy. This cash can be used at any time.

The largest drawback to getting a whole life policy is that any cash that remains once you have passed goes to the insurance company and not your loved ones. Although they receive death benefits, they do not get any cash that exists in the savings account that is a part of your Houston TX Life Insurance Plans.

Universal Life

Universal life insurance is a type of whole life insurance and lasts for the duration of your life, so long as you pay the premiums. This type of policy also has ‘cash value.’ And, the same terms apply with regards to who receives it after you pass. Indexed universal life insurance is slightly different in that the cash value is invested in stocks and bonds.

Choose Best Life Insurance Houston Agency!

Let our agents help you! Visit our website for a free quote.

For more information about our business, personal, or retirement plans, visit our agency website. We have agents with fifteen years of combined experience ready to help you find the right plan among many Houston TX Life Insurance Plans.

Houston, TX Fun Facts:

You can take a 90-minute free boat tour of the Houston ship channel.
The museum district offers free admission to visitors on Thursday evenings. Beneath Downtown
Houston is a network of tunnels that commuters use to get from one building to another. These tunnels are open to visitors during the workweek and contain restaurants, stores, and even doctors’ offices!
For more information about Houston, TX, visit the city’s website!