There are a lot of misconceptions surrounding life insurance.  Many people don’t want to commit to such a long-term plan, or think they don’t have the money to pay for such a contract.  With Alabama whole life insurance, it’s possible to get the coverage you need for a price that fits your budget.

The characteristics of a whole life insurance policy are somewhat unique.  For instance, life insurance comes with a specific policy that will cover you for the duration of your entire life; compare to term insurance, or other policies, which only cover a person for a certain amount of time.   Policies come in two distinct forms – traditional and limited.  Traditional policies have beneficiaries paying over the course of their life, while limited is paid during a certain time period.

Essentially, whole life insurance is insurance that provides people with long term protection.  This means it ensures that if a person ever dies, for whatever physical or mental reason, their beneficiaries will receive compensation.  Alabama residents can benefit from owning such a policy in many different ways and its flexible payment options and long range, permanent coverage is attractive to many. For instance, this kind of insurance can benefit individuals who work in physically demanding jobs, business owners or people with dependents, such as children who are attending college.  The best time to get this kind of insurance varies.  In other words, it is dependent on what a person needs and wants.   If you want to learn more, and to see if the time is right for you, use and either a) speak to a live insurance agent or b) complete an online application form.

Consider the following scenario: John wants to ensure that should he die, his wife and children will be aptly taken care of. He decides to purchase an Alabama whole life insurance policy and finds that beyond the flexible payments and automatic premium loan options, what really gives him peace of mind is knowing that no matter when he dies, his family will receive support.

Call today to talk to one of our whole life insurance specialists. Learn about other Alabama life insurance options here.