Types of Insurance

Term Life

Term life insurance may be the option for you if you’re looking to provide financial protection for those relying on your income until your children grow up or until you retire. With this coverage option, you can choose the specific term length of your coverage from five to 30 years. Once that term has ended, your coverage expires. Because it only pays if you pass away within the specified term of the policy, this is usually the most affordable option. Term life insurance falls into three different types: decreasing term, level term, and increasing term. In a decreasing term policy, the amount paid out in the event of death becomes lower over time. A level term policy pays out a fixed amount if the policyholder passes away within a pre-selected period of time; regardless of how many years into the policy you pass away, your beneficiaries will receive the same payout. The amount insured with an increasing term policy, goes up every year by a fixed amount for the length of the policy.

Whole life/Permanent Life

Unlike term insurance (which only pays out if you die within a specified period), a whole-of-life policy is designed to run for the full remainder of your life, regardless of how long it is. Provided you keep paying your premiums, your loved ones are guaranteed to receive a payment when you die. This type of insurance does not require a medical exam, unlike other types of insurance. Because this policy lasts for a lifetime, this may also be the best option for you if you are looking to leave an inheritance. This type of policy tends to have more expensive premiums. 

Final Expense

A final expense policy can help families ease the financial burden of an unexpected tragedy. This smaller insurance policy is designed to cover costs associated with burials. This policy can be used as an alternative to traditional life insurance. 

Life Insurance with Blueprints Financial

Life can be unpredictable, and having a life insurance plan is essential. As important as life insurance is, the complex jargon can make it difficult for a person to understand what they need and what they get from a given policy. Blueprints Financial specializes in all forms of life insurance. We understand the importance of a life insurance plan that not only works for your wallet, but for you as a whole. We work with top A+ rated insurance carriers to meet the specific needs of you and your family. Our experienced and motivated staff will match you with the ideal life insurance coverage, so you can have peace-of-mind knowing the ones who depend on you can continue to do so for years to come.