In a world where uncertainties lurk around every corner, finding the right protection can be daunting. At Hatoway we are here to guide you through the maze of insurance complexities.
Products like term insurance, universal life insurance, and whole life insurance can be used to provide for those in need if a death occurs. Things like debt, funeral costs, or even knowledge loss can create a significant problem for loved ones and businesses.
Life insurance needs can be complicated and complex… its best to talk with a knowledgable agent about your situation. Our agency was started selling life insurance to our friends and family.
Provides coverage for a specific period, such as 10, 20, or 30 years.
If the insured individual dies within the term of the policy, the death benefit is paid out to the beneficiaries.
Typically more affordable than permanent life insurance.
Once the term ends, coverage ceases unless renewed, usually at a higher premium due to increased age.
Provides coverage for the entire lifetime of the insured individual.
Premiums usually remain level throughout the life of the policy.
Builds cash value over time, which can be borrowed against or withdrawn.
Offers a guaranteed death benefit as long as premiums are paid.
Offers more flexibility than whole life insurance.
Allows the policyholder to adjust the premium and death benefit amounts.
Accumulates cash value based on interest rates.
Offers the option to use the cash value to cover premiums.
Combines life insurance with investment options.
Policyholders can allocate premiums to various investment options, such as stocks, bonds, or mutual funds.
Cash value and death benefits fluctuate based on the performance of the chosen investments.
Offers potential for higher returns but also carries higher risk compared to other types of life insurance.
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