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Peace of Mind with Life Insurance Coverage

What is Life Insurance?

Life insurance is designed to protect beneficiaries in the event of an individual’s death.  The individual agrees to pay a premium, and a large sum will be paid out to the listed beneficiaries of that payment.  In a sense, Life Insurance is a type of investment that you can make to protect your family in the future.

Why You Might Need It

If you have personal liabilities or debts, perhaps from owning a home or business, those liabilities can be passed on to a family member or next of kin when you die.  Having Life Insurance guarantees that the people closest to you have little-to-no debt once you pass, thereby easing the financial burden they may have.  You can choose an amount of Life Insurance, so contact McCamon-Hunt to tailor a policy that will fit you and your families future needs.

Term Insurance

Term insurance is designed to meet temporary needs. It provides protection for a specific period of time and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage. 

Permanent Insurance

Permanent insurance provides lifelong protection. As long as you pay premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.