When it comes to protecting your family’s future, life insurance is a vital financial tool. If one or both spouses pass, your children’s future would be taken care of. The funds can be used to pay for burial and final expenses. You can also designate funds toward your children’s future college expenses. Money can also be earmarked for nonprofit organizations that are close to your heart. There are many benefits to your life insurance policy. That is why they require a lot of thought. When you begin considering life insurance, you’ll have many questions. Our agents at Richards Insurance Agency can provide guidance. We have worked with families in the Lincoln, NE area since 1994.

As you begin to learn about your life insurance options, you will need to devote some thought to the type of policy that best suits your needs. You will also need to consider the impact that inflation and estate taxes will have on your loved ones. Term and whole life are the primary types of life insurance policies. Term policies are in effect for a predefined period. They can be renewed, but each renewal will be more expensive than the last. They are more economical than whole life policies, but they do not accrue cash value over time. Whole life policies, on the other hand, remain in effect throughout the policy holder’s lifetime. While the premiums are higher, they build cash value. This can be borrowed against if you need to. 

In the Lincoln, NE area, our team at Richards Insurance Agency is ready to discuss your life insurance options. Contact our office for general information or to learn how to get a quote. Your family’s future is important. We want to help you get the best available coverage. Take a few moments today and give us a call!