Caring Life Insurance Broker in Walker County
Choosing insurance can be an overwhelming and sometimes stressful task. If you know what you are looking for, you may still have to do considerable research before making a decision, and if you don’t know what you need, it can be daunting to dive in. Luckily, a skilled, professional life insurance agent can offer the guidance you need to find the best policy. Lacy Grice Insurance Agency is the top provider in Walker County, and we can connect you with the life insurance policy that best meets your needs. There are many options available, including the following:
- Term life insurance: This type of policy provides protection to beneficiaries for a set time period, typically in the event of income loss. The coverage will generally be issued in 10-year increments, and the premium is fixed throughout the span of that time.
- Universal life insurance: A universal policy provides permanent coverage while still offering some flexibility on premiums and coverage. The coverage is available for the entirety of a lifetime, and insureds are generally able to adjust the terms of the coverage as needed.
- Whole life insurance: Whole life policies are the most permanent and least flexible option typically available. They provide coverage that spans the insured’s lifetime, and they carry cash value, so they will generally have higher premiums.
You can meet with a skilled, professional broker who will offer the best consultations and coverage options. We will help you find the life insurance policy that is right for you.
Let Us Help You Get Peace of Mind
We have been trusted insurance professionals since 1973. Lacy Grice Insurance Agency serves clients in Walker County by providing the best coverage options and expert advice. If you are interested in exploring what life and commercial insurance options are available, you can reach out to us by calling 985-209-7007.
Permanent or Whole Life Policies
The death benefit is paid out regardless of when the policyholder dies. In traditional whole life policies, also known as ordinary life, both the death benefit and the premium are designed to remain at the same level throughout the life of the policy. As the amount paid out increases, it can usually be cashed out as a savings account. Universal or adjustable life offers more options, such as increasing the death benefit or decreasing the premium payments due to changes in financial situation.
Also available for those who wish to earn a higher-than-average savings rate by investing in stocks or bonds with their premium payments. There is also a risk in this type of policy that will decrease if the stocks or bonds do not perform well. The benefit, though, will not dip below a specified amount.