Life Insurance
Regardless of why you're here, you've got questions about life insurance and thanks to the GEICO Insurance Agency, we have some answers.
Give Me The Kindergarten Version Of "What Is Life Insurance?"
Life insurance helps financially protect your family in the event of your death.
That's it! Easy, right? It's all about your loved ones.
So Why Does Life Insurance Always Seem A Bit Complicated?
There are several different kinds of life insurance policies plus all kinds of additions and exceptions that get tacked on.
What Is Term Life Insurance?
We have a great Frequently Asked Questions area, plus some very helpful insights that cover a wide variety of questions and tips. But, basically, term life insurance is the most affordable kind of life insurance.
It's also the easiest to understand. It comes in pre-determined lengths of time, or terms, of 5, 10, 15, 20, or even 30 years during which the company offers level premiums that are guaranteed not to increase.
As long as you pay your premiums on time, the company issuing the insurance policy cannot cancel you. If your term reaches its end, you can choose to start a new policy or continue the current policy with rates that reflect your current health, age and lifestyle.
The term life insurance policy is a simple death benefit protection without all the additional components that usually make other kinds of life insurance difficult to understand and manage.
Why Do I Need Life Insurance, Though?
You're an important part of your family, right? You contribute to their livelihood and well-being in some way, be it financially through your career or as a stay-at-home parent or a combination of the two.
What would happen if you weren't around to ensure your family's daily needs are being met?
Life insurance can help make sure that in your absence, those financial needs are taken care of long into the future.