Life Insurance

Life insurance is among the most essential coverages to have. It provides your family and loved ones with financial assistance when you’re no longer around.  

What Is Life Insurance and How Does It Work? 

Life insurance is a form of financial security for your family and loved ones. Having the right life insurance policy can help reduce financial burdens on your loved ones for many years following your passing. 

You’ll likely select a policy beneficiary, who will be provided with a certain amount of money following your passing to assist in covering expenses such as bills, tuition and funeral expenses. Whether it’s a term or a whole-life plan, your loved ones will be provided with financial assistance regardless of your policy. 

What Are the Types of Life Insurance? 

Although life insurance policies tend to vary, the following are two common choices: 

• Term life insurance plans last a set number of years. Coverage will issue payment if you die during the term.
• Whole-life insurance policies remain active indefinitely as long as you pay your premiums. Many offer cash accumulation and interest benefits. 

Contact one of our agents today to learn more about which life insurance policy might be best for you. 

Why Get Covered Now? 

Having life insurance coverage is critical no matter where you are in life. Your life insurance policy will be instrumental in financially assisting your family and loved ones after your passing. 

Reach Out Today 

If you live near Chicago, Illinois, our agency can assist you. The agents at 1st American Insurance Agency can help you learn more about life insurance policies to decide on the right coverage for you and your loved ones. 

Reach out to our agency today at 773-467-2200 for more information.