Life Insurance Program

Most of us don’t think about it, but Life Insurance is one of the best ways to take care of your loved ones if something were to happen to you. Powell Insurance can help set up a Life Insurance Policy that will make sure all of your loved ones will not have to go without, even if they are without you..

This will pay off your mortgage in the event you or your spouse dies to ensure that your family can remain in their home. This can replace the lost income your family needs to maintain their life style. A means of guaranteeing education funds for your child/children if you are not here to provide and save for their education. Lock in your insurability to keep future life insurance options open. With average funeral services approaching $10,000; are you prepared for unexpected final expenses? Eliminate all forms of debt that could be left for your family to pay such as credit cards, car loans and medical expenses. Permanent insurance can provide accessible cash and tax deferred accumulation to help during retirement or to cover estate taxes.
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The face amount of the policy is the amount that will be paid to your family when you die. The length of time that an insurance policy will cover. Farmers’ offers 10, 20 and 30 year term policies. Waives the premium for you or your children’s life insurance policies while you are disabled as defined by the policy. Guarantees the option to purchase additional insurance by increasing the principal sum at specific ages. We can help you determine how much life insurance you need to properly protect your family and determine if you are on track to meet your financial goals. We would be glad to provide you with a free analysis!