Protect your family from financial disaster in the event of the death of a primary wage earner.
Whether you are looking for inexpensive term insurance or one of the many cash accumulation options, Steve Baxter insurance has access to dozens of companies and can help you determine which product is right for your situation.
In addition to the basics of Life and Health coverage, Steve Baxter insurance can also help you plan for Retirement, evaluate Disability Income protection, Annuities of all types, Charitable Giving Plans and Investment Analysis .
Life Insurance Tips in Fort Walton Beach
Life insurance is a service we like to call “Peace of Mind”. This world is full of uncertainties, but when you purchase the life insurance that meets your family’s needs, a sense of confidence is instilled that makes other burdens just easier to bear. Steve Baxter Insurance in Fort Walton Beach has the knowledge and experience to help you navigate this sometimes complicated and confusing issue. Below you will find a guide to the different forms of life insurance.
Term Life Insurance
This is the least expensive form of insurance, which expires without value if the insured lives beyond the policy period. There are certain circumstances when Term Insurance is the best choice for you. It is usually regarded as providing the highest amount of protection for the lowest cost.
If term life insurance premiums are discontinued, then the policy expires. Misrepresentation can also result in termination of the insurance policy. Policy periods generally range from 5 to 20 years. There are also 1 year renewable term policies.
Universal Life Insurance
These policies are very different from Term Life Insurance policies. The policy holder has the ability to determine the amount and frequency of policy payments, the contract can be paid off slowly or quickly. The Universal Life Insurance policy is tied to interest rates, and is considered a form of investment. If you are interested in exploring this type of policy, please give Steve Baxter Insurance a call and schedule an appointment.
Whole Life Insurance
Whole Life Insurance is self-explanatory, the policy covers you for your whole life! It is a form of hybrid between Term Life Insurance and Universal Life Insurance. It contains an investment or cash value, like universal insurance, and premiums are set at the time of policy issuance, like term insurance. Many people use this form of insurance to save money for long term projects, such as college education for their children, or even paying off a mortgage.
Life Insurance from the Pros
Simply put, Steve Baxter Insurance will be able to guide you through these various choices, and even keep you informed of new changes in the insurance marketplace. If you ever wonder what you might do to cover unforeseen outstanding debts, uninsured medical expenses or other catastrophic life events, then some peace of mind is on your way when you work with Steve Baxter Insurance in Fort Walton Beach.