Variety is the spice of Life Insurance!
What is Life Insurance? Life Insurance is a contract between an insurer and a policy owner. A Life Insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured dies in exchange for the premiums paid by the policyholder during their lifetime.
At Opulent Life Insurance Agency, we specialize in Term Life Insurance & Whole Life Insurance.
Term Life Insurance uses premiums to cover you for the determined "term" of the policy. Coverage expires if there is no claim within that time frame. Term Life can be a good match for someone seeking affordable coverage to replace lost income over a critical period, such as while raising children or paying off a mortgage.
Whole Life Insurance lasts your entire life if premiums remain current. Whole Life policies also have the potential to accrue cash value, depending on the policy. For these reasons, Whole Life insurance premiums are typically higher than term premiums for the same coverage amount.