What You Should Know About Guaranteed Life Insurance in Kyle, TX

by | Feb 17, 2016 | Insurance

Life insurance is an excellent way for a person to provide for their family after they have passed away. However, there are situations where people need to use insurance policies to close the gap on the expenses that are paid immediately after they have died. That is where Guaranteed Life Insurance in Kyle TX can be beneficial.

The first thing to understand is this type of life insurance, unlike term or whole life insurance, has a limited death benefit. Typically the payouts for these types of insurance policies range anywhere from $5000 to $25,000. This is usually enough for someone to handle some or all of the funeral and burial expenses that may be incurred when a loved one passes away.

What’s good about this type of life insurance policy is that they are guaranteed for a few reasons. The first reason it is called a guaranteed life insurance policy is that acceptance is guaranteed. Pre-existing conditions aren’t considered when these types of policies are purchased. Because these policies are strictly for closing the financial gap in paying for funeral and burial expenses, pre-existing conditions that could exclude a person from a particular type of insurance policy won’t restrict them from these types. It’s also guaranteed in that respect that as long as the premiums are being made and as long as the policy is in effect, the benefit is guaranteed, and the premium rates will not go up.

This type of policy can be written up as a term life insurance policy, which is only effective for a specific period of time, or a permanently guaranteed life insurance policy can be enacted as well. While the term policy is going to be more affordable than a whole or permanent guaranteed acceptance life insurance policy, because these policies have such a low death benefit, whole life policies are still going to be relatively affordable for virtually anyone.

If you’re looking to ensure that your family doesn’t have to pay for pricey funeral or burial expenses after you pass away, Guaranteed Life Insurance in Kyle TX may be exactly what you’re looking for. If you want to know more about this type of policy, or other types of life insurance, you may want to contact the experts at the Perdue Insurance Group.

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