Personal Life Insurance
Protecting the future of your family
Life insurance from Austin McNichols
The most valuable gift you may ever give…
Facing our own mortality is never something we enjoy doing. While we take a positive approach to life at Austin McNichols, unfortunately, far too many families suffer because they avoid talking about the painful ‘what if’s. What happens if the family breadwinner is no longer there? During a time of deep grief, your family should never have to deal with financial worries, too.
What happens if you’re not there to provide income for your family?
Your ability to produce income provides the financial security your family depends upon to maintain your current lifestyle. Should the unthinkable happen, you want to know your family isn’t burdened with the worry of financial uncertainty. Austin McNichols can provide the protection your family needs in the event of your death.
By implementing a smart life insurance plan, you take care of so many financial obligations your family will face, including:
- House / rent payments
- Utility Bills
- Tuition Expenses
- Health Care (insurance, vision, dental, etc.)
- Burial expenses
- …And so much more
Choices that put your family first…
As families grow and time goes on, needs change. Younger families typically have more debt than older established families, while retired families are usually more financially secure. Whatever chapter of life you’re in, the professionals at Austin McNichols can walk you through the many available options. How do you determine the amount of life insurance your family will need to continue living the lifestyle you’ve worked so hard to provide? Which type of life insurance is best suited to accomplish your goals?
Term insurance is the least expensive type of life insurance, offering coverage for a specific period of time.
It is often used to cover installment loan debt or other short-term financial obligations and gives you a set premium that does not change during the life of the policy. When the policy ends, your cost of insurance will increase to reflect your current age and health risks.
Permanent, Universal and Whole life are long-term (permanent) life insurance policies.
These policies can build cash value that may be accessed as loans throughout the life of the policy. Your Austin McNichols agent can help determine the amount of life insurance necessary for your survivors to meet all of their continuing financial needs as well as the type of life insurance that will provide the peace of mind you and your family deserve.
Life insurance options can include:
- Permanent Life
- Universal Life
- Whole Life
- Term Life
- Group Life (designed for small businesses as an additional benefit for employees)
- And additional life insurance products