Life Insurance

Many people do not start thinking about life insurance until they are older. The truth is, it’s never too soon to start looking into a good life insurance policy. If you have a family, a mortgage, or any kind of large debts, you should stop and consider what would happen if you were no longer around. Would your family be able to financially make it without you? Most people do not want to burden their loved ones if something tragic were to happen, yet so many people do not have life insurance policies.

At the Bye Insurance Agency, we provide affordable life insurance to those who are able to qualify. Policies are very affordable and can be very easy to obtain.

There are four basic types of policies to consider:

• Whole Life – provides a fixed amount upon death and may build cash value over time
• Universal Life – provides permanent life insurance protection and access to tax-deferred cash values
• Variable Life – has an investment fund tied to a stock or bond investment
• Term Life – is for a specified time and has no investment option

As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure these strategies and products are suitable for your long-term life insurance needs. You should weigh your objectives, time horizon and risk tolerance as well as any associated costs before investing. Also, be aware that market volatility can lead to the possibility of the need for additional premium in your policy. Variable life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs.

Don’t wait! Protect your family now by calling us at (410) 544-4300 for a free quote!