The major types of life insurance are Term Life Insurance and Whole Life Insurance. Within the term classifications, you will find the two basic classifications known as a level term and decreasing term.
The definition of the level term means that throughout the entire duration of the policy, the death benefit remains the same. When we review decreasing term, we find that the death benefit drops, usually in increments of one-year, over the course of the policy's term.
It's important to fully understand what you are buying and what your expectations are before you make a commitment and finalize the life insurance purchase transaction. Based on our industry experience, we strongly recommend that people always use the convenience of an independent life insurance agent. At MRH Insurance Group Inc., all of our independent agents are highly trained, and most importantly, they are here to help you with coverage details, questions, and applications. They take a great deal of pride in their work and their client relationships.
Under certain circumstances, it may make a lot more sense to consider and explore purchasing permanent life insurance. And yes, it is more expensive, but all of this is something to discuss with one of our insurance agents carefully. Take the time to learn about your options. Additionally, you may also want to inquire about disability insurance if you have ongoing health issues that are hard to cope with.
Please visit our MRH Insurance Group Inc. in Kansas at an office nearest you, or feel free to give the agency a call at 1-866-431-9282 if you are unable to visit.
Our agency is truly unique. Since 1932, it has been a family-owned business. We provide 24/7 assistance during any weekday. If you need help because of some emergency, we will be there.
For most people, it's comforting to know that you and your family have a personal account manager.