Life Insurance Services
A life insurance policy protects your family's finances in the event of your death by providing tax-free income. Permanent and term are the two most prevalent types of life insurance. ICheckedMyRate.com enables you to compare both types of Life Insurance Rates from many providers, allowing you to choose the Best Rate. ICheckedMyRate.com, presented by Chambliss Premier Insurance, allows you to compare life insurance rates in Midland, TX. Since 2015, we have specialized in Life, Home, and Auto Insurance. As a result of your information not being shared or sold, you will not be solicited by various insurance agents.
Term Life Insurance
Term insurance is the least expensive form of accessible life insurance. The duration for which the policy will be in effect. For example, a 30-year term insurance coverage will continue as long as payments are made. In exchange for a fixed monthly payment ($15.00), you receive a predefined amount of coverage ($100,000) for a certain duration (30 Years). If the current term of your insurance policy has ended, you may be eligible to renew it. If you die before the term expires, your beneficiary will get the full amount of coverage (also known as the death benefit).
Whole Life Insurance Policy
Whole life insurance, also known as permanent life insurance, will offer financial stability for your loved ones in the case of your death so long as you continue to pay your premiums. The insurance is also worth more in the long term. The cash value of this policy often exhibits tax-deferred growth. The phrase "tax-deferred" refers to the fact that you will not be required to pay taxes on the additional income you get. You can either borrow against the cash value of the account or convert the insurance policy into cash. If the insurance requirements are not completed in full and on time, the death benefit will be lowered. Contact us through telephone!
