Life Insurance
Protect Your Lifestyle With Life Insurance
If you have ever thought about your future, you likely have considered the benefits of life insurance. Life insurance is a contract you make with an insurance company. In exchange for premium payments made now, your life insurance policy will provide a tax-free lump sum payment to a designated beneficiary in the event of your death.
Life insurance can help your family maintain their existing lifestyle and provide longer-lasting financial stability. Your family can use it to help pay for funeral expenses, housing costs, medical bills not covered by health insurance, children's college, debts and just about anything else they may need.
Types of Life Insurance Coverage We Offer
Term Life Insurance
Typically gives you the most value with affordable premium payments and a comparable payout.
Permanent life insurance
Provides a guaranteed payout no matter what age you are when you pass away, as long as you keep paying your premiums.
Final expense insurance
Offers more affordable premium payments and is designed for final expenses, such as medical bills, credit card debt, funeral costs, etc.
Completely Customizable
Like other types of insurance products, you are in charge of your life insurance policy. You determine coverage amounts, you control how long you need life insurance, you decide who the coverage applies to, and even when you pay the premiums.
In many cases, premiums are paid monthly, but you can also choose to pay quarterly or annually. When you die (and if your policy is still active) the people you identified as your beneficiaries will receive the death benefit. This payment is often made in one lump sum to an individual or family.
32 Years and Counting!
Since 1986 we have helped thousands of customers with their Personal Insurance and Commercial Insurance needs. We have been fortunate to attract the best insurance agents and staff in Tampa, and this means customers get the most dependable insurance at the most affordable rates possible. It doesn't matter if you need Life Insurance, Auto Insurance, or Business Insurance - if you can name it - we can insure it. We're pretty sure you won't find a more friendly, customer service oriented team. We care about our customers as if they were actual family members, so contact us today and become part of the Lovinger family!
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How Much Life Insurance Do I Really Need?
There are many methods used to determine how much life insurance you should have. Because this can be a difficult subject for many people, decisions can be made without proper and thoughtful planning and consideration.
A large part of choosing a life insurance policy is determining how much money your beneficiaries will need after your death. Choosing your coverage amounts depends on several key factors which include how much debt you have, the amount of income that needs to be replaced, and whether or not you need to provide insurance coverage for others. In order to determine if you should insure others, consider the financial impact to yourself in the event of their death.
Other considerations when calculating the amount of life insurance you need are multiplying your current income x 10 (the factor of 10 help adjust the value of the payout against the future value of money) or by considering the 'standard of living' of your beneficiaries. This method considers how much money is needed to maintain a current lifestyle and then multiplies that number by 20 (years).
Choosing the right amount of life insurance coverage for your situation can be tricky. Contact us today and one of our agents can help guide you through the process.