Life Insurance

from Wragge Insurance

Having the right life insurance is pivotal in planning for the future of you and your loved ones. Life insurance can help you fulfill promises you’ve made your family when you are gone.

Don’t leave the future of you and your loved ones to chance. Wragge Insurance can help you find the right Texas life insurance coverage for you, and help ensure that your policy continually meets your needs.

Life Changes. So Should Your Policy

For each of our neighbors in Texas, the right life insurance will be unique and dependent on personal and financial needs. As your life changes, your life insurance coverage may need to change in order to adapt to your current needs. Some life transformations that may require a policy “tune-up” include:

   • You recently married or divorced
   • You have a new child or grandchild
   • You have opened or expanded a business
   • Your health or your spouse’s health has deteriorated
   • You are providing care or financial assistance to a parent
   • Your child or grandchild requires assistance or long-term            care
   • You recently purchased a new home
   • You are planning for a child or grandchild’s education
   • You are concerned about retirement income
   • You have refinanced your home mortgage in the past six            months
   • You or your spouse recently received an inheritance
   • You have a sizable estate

What You Need to Know

Wragge Insurance can help you select the best life insurance coverage for your needs. There are several different types of life insurance products available – the most common include:

   • Term Life Insurance

      Term life insurance provides protection for a specified                 period of time. If you do not currently have life insurance,           term can be a good place to start. It’s generally less                     expensive than permanent (whole) life insurance, and is             available in varying time periods with fixed premiums from a         one year (annual renewable term) to 20-year (level term)           period.

      Furthermore, term life insurance is sometimes convertible to       permanent coverage, providing you with flexibility as your           needs change.

   • Whole Life Insurance

      Whole life insurance is a form of permanent life insurance           that remains in force for your entire lifetime, provided                   premiums are paid as specified in the policy. Whole life               insurance can be an investment opportunity, as many whole       life insurance policies also build cash value over time.

   • Universal Life Insurance

      Universal life is a form of permanent life insurance                       characterized by its flexible premiums, face amounts and             unbundled pricing structure. Universal life can build cash             value, which earns an interest rate that may adjust                       periodically, but is usually guaranteed not to fall below a             certain percentage.

What type of life insurance is best for you? Talk with the team at Wragge Insurance. We can assist in identifying the best protection for you.

Advantages of Life Insurance

Having the right life insurance is essential to planning for your present and your future. Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.

Life Insurance Death Benefit - When you pass away, your life insurance provides income (tax-free) to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes, or virtually any financial need. Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Living Benefits - The cash value growth of a permanent (whole) life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

The right life insurance coverage for each and every one of our customers in Illinois is unique. Talk with the Wragge Insurance team today to find out how to protect your family and your future with the right life insurance.

Life Policies

  • Get a Free Life Insurance Quote
  • How Much Life Insurance Do I need?
  • Types Of Life Insurance

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