{"id":43,"date":"2017-08-28T02:00:00","date_gmt":"2017-08-28T14:00:00","guid":{"rendered":"http:\/\/www.fidainsurancegroup.com\/blog\/?p=43"},"modified":"2017-08-25T18:51:10","modified_gmt":"2017-08-26T00:51:10","slug":"the-essentials-about-life-insurance","status":"publish","type":"post","link":"https:\/\/www.fidainsurancegroup.com\/blog\/the-essentials-about-life-insurance\/","title":{"rendered":"The Essentials about Life Insurance"},"content":{"rendered":"

It’s difficult to think about what might happen to your loved ones after you’re gone. In order to reduce risk, get the proper amount of security for your family’s needs. Fida Insurance Group in Monroe, CT urges you to talk with the independent agents about securing life insurance to help you and your family.<\/p>\n

Types of Life Insurance<\/h2>\n
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  1. Term Life<\/strong> – is determined by a specific number of years. For example, you can enroll in a policy that has a 10-year term, 20-year term, or more. It is generally less expensive with fixed premiums. Term life insurance is normally used to replace income and can only be paid out if you die during the specified term. Once the term is up, you should contact your insurance agents to adjust your policy so you won’t lose coverage.<\/li>\n
  2. Whole Life<\/strong> – is fixed coverage that remains during the life of the policyholder as long as the premiums are paid. Usually, these premiums are higher than term life insurance because they are available for a longer period of time. Whole life insurance typically matures after 15 years, which indicates that your beneficiaries may be able to collect after the premiums have been paid for 15 years.<\/li>\n
  3. Universal Life<\/strong> – is designed to cover your family’s needs. You pay into an account where interest is accrued each month. It can be utilized to cover income, educational expenses, and mortgage costs. Universal life insurance is more flexible than other types of coverage since you can change the amount of premium that goes into the account.<\/li>\n<\/ol>\n

    It is up to you to make sure that your life insurance policy is up-to-date. You should review your policy regularly. If you need to make adjustments, the independent insurance agents at Fida Insurance Group in Monroe, CT can help you add or change your coverage.<\/p>\n","protected":false},"excerpt":{"rendered":"

    It’s difficult to think about what might happen to your loved ones after you’re gone. In order to reduce risk, get the proper amount of security for your family’s needs. Fida Insurance Group in Monroe, CT urges you to talk with the independent agents about securing life insurance to help you and your family. Types […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5,8],"class_list":["post-43","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-fida-insurance-group","tag-monroe-ct"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t