When people are looking for life insurance in Tampa, FL, they go to companies such as the Affordable Insurance Team. This type of company understands that people want simple policies that are easy to understand. They offer policies that protect loved ones in case the unexpected occurs, and these agents help their clients choose the right policy for their families.
Whole Life Insurance
Policies for whole life insurance in Tampa, FL, offer coverage for a person’s entire life. This type of policy offers permanent coverage with fixed premiums, and as long as the premiums are paid, the beneficiaries will receive money to pay for funeral expenses, debt, and anything else. In addition, whole life insurance can build a tax-deferred cash value that can be used while the policyholder is still alive. In these cases, they may fund their retirements, pay premiums, or offset the cost of health care. This type of policy is ideal for people who want lifelong coverage with a fixed premium, even if they face health issues later in life.
Term Life Insurance
Another type of life insurance in Tampa, FL, is term life insurance. This type of policy offers coverage with payments that are fixed for a specific period of time. This type of life insurance offers the most coverage for the lowest cost, and payments to beneficiaries are guaranteed as long as the premiums are paid. This type of policy can be used during a certain period of time, such as when someone wants to replace income or repay debts, and it lasts for a predetermined number of years.
