Orange insurance
It’s easy to become confused by all the available choices as you’re shopping, but an experience Orange insurance agent can help you navigate through them.

Life Insurance 101: What You Need to Know

Whether it’s to pay your final expenses or insure that your family doesn’t face serious financial difficulties after you pass away, you’re probably thinking about purchasing life insurance. You might already have it through your employer, but you want a secure safety net after you leave your job. Understanding a little about the types of coverage on the market can be helpful before you consult with your Orange insurance agent.

Term Life Vs. Permanent Life

So, what’s the difference between term life and whole life insurance? They’re broader categories under which many different kinds of coverages can be classified. Generally speaking, a term life policy pays out for mortgages and major debts you leave behind and is only active as long as you’re paying its premiums. In contrast, permanent life insurance accrues cash value throughout the life of the policy and has a guaranteed death benefit even after you’re done making payments. For both kinds of policies, factors such as your physical health, age and gender can impact your premiums, along with any high-risk activities in which you engage.

Understand Your Options

It’s easy to become confused by all the available choices as you’re shopping, but an experience Orange insurance agent can help you navigate through them. He or she will assess your financial situation and goals and recommend a sound plan for securing your family’s future.

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