Give your family the peace of mind they deserve.
Many individuals consider life insurance to be the cornerstone of a sound financial plan. While no one likes to think about passing on, life insurance can relieve you of the financial worry your loved ones may face in the event of your passing.
Your beneficiaries can use your life insurance policy to help pay for funeral costs, estate taxes, replacing lost income, or funding your child’s education. It can even be used to make mortgage payments and pay the monthly bills so the family can stay in the home.
Horizon knows that choosing a life insurance plan is a big decision with many important factors to consider. Let us walk you through the process and provide you with the best solution to give you and your family peace of mind.
Final Expense Insurance
Final Expense Insurance allows the family to feel secure knowing that the funeral, burial costs, and final arrangements are alredy taken care of should a loved one pass away. There are many other costs associated with final expenses, which may also be added to the policy as a benefit.
This is typically the simplest and least expensive option. Term life provides coverage for a specified period of time at a fixed rate. It is a policy that is used primarily to cover financial responsibilities of the insured with a benefit to be paid only if the insured passes during the policy period.
Like term insurance, but you buy the policy to cover your “whole life” instead of a specified period of time. Whole life policies guarantee a death benefit for the lifetime of the insured as well as a cash value account for savings. Your premium remains level during the policy while payments over and above your insurance cost are credited to savings which earns interest.
Like whole life insurance, but with more flexibility. Universal life also can cover you for your whole life as well as build a cash value which earns interest. Due to the flexibility with your premium, you don’t get the same guaranties as a whole life policy.
Mortgage protection is a simple and affordable way to safeguard your family against the financial burden of an outstanding mortgage in the event of your death. Paying off the balance of your mortgage keeps your family in the house that they have come to call home.
There are several variations to life insurance. Horizon can work with you to review your current situation, discuss options available, make changes as you progress through life, and adjust your policy as needed.