Life Insurance

Life Insurance

Being Prepared for Life’s Unexpected Transitions

As critical as it is to offset medical expenses with health insurance, protecting your family members and beloveds for their future is equally important. Having the right life insurance plan can give you the peace of mind of knowing that your family will have the resources they need to manage in your absence when your final transition occurs.

BBS Insurance is passionate about protecting those you love by educating you on your many options for life insurance that will take care of your final costs of life and support your family and loved ones during this difficult change of life.   

Life Insurance through BBS Insurance Vero Beach

Why Carry Life Insurance?

Life insurance is designed to provide you and your family some assurance and security when a family member is gone, but policies that accrue cash value as investments have other benefits that you can enjoy while you are still alive.

Here’s how it works in short form: When you depart the physical plane and pass away, a life insurance plan provides income tax-free money to your named beneficiaries that can be used for almost any financial needs your family may have. Some examples many people neglect to think of leaving money behind for include: paying funeral expenses, debt, tuition, estate taxes, mortgages, health bills, etc.

If you are a business owner: In addition to personal support for your family, your policy can also be beneficial in offering security for your business as well.

If you choose a policy for the additional benefit of investing, the cash value growth of a whole life insurance policy is tax-deferred, You can also take loans or withdrawals against the cash value of a whole life insurance policy. These funds can be used for life’s major expenses, such as college tuition or the down payment on a home.

Life Insurance Should Adapt to Your Life’s Changes

Life insurance policies are as unique as the individuals they serve, and your life insurance coverage will likely need to change as your life changes in order to adapt to your current needs. Working with a skilled and experienced life and health insurance agent in Vero Beach, FL can assist you in keeping these changes up to date and finding the right policy.

Some of those life changes include but are not limited to the following.

If you or your spouse qualify for any of the below, reviewing and updating your policy is a good idea.

Recently purchased a new home
Planning for a child or grandchild’s education
Recently married or divorced
Have a new child or grandchild
Opened or expanded a business
Health has deteriorated
Providing care or financial assistance to a parent
Have a child or grandchild who requires assistance or long-term care
Concerned about retirement income
Refinanced your home mortgage in the past six months
Recently received an inheritance
Life Insurance Types

Types of Life Insurance

While there are many different kinds of life insurance with lots of different investment and payment options, the most common include the following:

Term life plans provide protection for a specified period of time. Term policies are available with fixed premiums up to a 20-year (level term) period, usually costing less than whole life.

Whole life insurance is more permanent life insurance that remains active for your full lifetime. This life insurance can also be a powerful investment opportunity, building cash value in the market over time.

Universal life is permanent life insurance with flexible options included. Like whole life plans, universal life plans can build cash value.

Become Informed

Understanding which life insurance is best for you often requires speaking with a qualified and professional agent well versed in the advantages that might best serve you and your family’s changing needs. Contact us at BBS Insurance today or request a quote for more information.

The agents at BBS can help you decide which kind of policy best suits you and your family’s changing needs. We are here for you when you need us most and are committed to helping you feel more secure in getting the best policy possible. Contact us today for more info.