If you've been looking for a Hollis NH life insurance policy but are unsure which is best for you, we can help. Glenwood Investment Group's Hollis wealth management team members are experts in life insurance. They can help you make an informed decision on what the best coverage is for your needs!
You Have Options When Choosing Life Insurance
When considering your personal risk management strategy, life insurance is a critical component.
While there are a variety of life insurance policies available, the two most common are whole life and term life. Each has a number of distinct benefits, but neither fits all individuals' needs. Knowing which type of coverage is best for you is important to ensure the health of your personal finances.
Whole Life Insurance
Of these two types of coverage, whole life insurance is the most common. When someone who has a Hollis NH life insurance policy in place passes away the insurance company pays a promised amount to their beneficiaries. This promise to pay has no expiration, and as a result, it helps the loved ones of an insured feel confident they'll be financially secure in the future.
Whole life insurance policies also allow you to withdraw money for a short amount of time. If unexpected expenses arise, and you don't have the means, or do not want to liquidate investments, this is a nice option to have.
Term Life Insurance
About a third of Americans with life insurance choose term life. This form of insurance tends to be more affordable than whole life and offers a wider number of people to have access to coverage. The important distinction between term and whole policies is that term life insurance lasts for a pre-determined period of time and then expires if not used.
Life Insurance Can Prepare You For The Unknown!
Glenwood Investment Group can help you prepare for the unknowns of life. Our Hollis asset protection advisors can help you decide which type of life insurance is best and what amount of coverage meets the needs of your family. Call us today at 603-606-3391 to learn more!
Protect yourself and your loved ones. Get the Hollis NH life insurance policy that's right for you starting today. Call 603-606-3391 to take the first step!