At Westco Insurance LLC, we are pleased to serve families in the Colorado Springs, CO area with various valuable insurance products. Among these insurance programs is life insurance.
We are here to help answer your questions, explore your options, and secure protection that fits your budget. We can also explain some of the benefits of insurance that may not be fully appreciated.
Here are five aspects of life insurance that you should be aware of.
1. Quick Access to Cash Following a Claim
A life insurance policy can quickly provide needed cash to a family following a death, helping ease the stress of a difficult time.
2. Tax benefits
Life insurance proceeds are generally tax-free, meaning a family would receive the full value of their policy.
3. Accidental death benefits
Many life insurance policies may pay a multiple of the face value should death occur as the result of an accident.
4. Easy to change beneficiaries
The beneficiary of a life insurance policy can be easily changed. This can be helpful in situations such as marriage, divorce, or death.
5. Potential to build cash value
Many whole life or permanent insurance policies have a cash value element that can build equity as payments are made. This is a value that can be tapped into for future opportunities and emergencies. Ask our agent if you want to build cash reserves with your life insurance policy.
Get a Life Insurance Quote Today
Because life insurance premiums are based on the insured’s age and health, it may never be more affordable than right now. If you live in the Colorado Springs, CO area and want to see how affordable it may be, contact us at Westco Insurance LLC.
We look forward to assisting you in protecting your future.
