Life insurance is a financial product that provides a monetary payout, known as a death benefit, to designated beneficiaries when the policyholder passes away. It is designed to offer financial protection and security for loved ones by replacing lost income, covering debts, funding future expenses (like education), or covering end-of-life costs.
There are several types of life insurance:
Term Life Insurance: Coverage for a specific period (e.g., 10, 20, or 30 years). If the policyholder passes away during the term, the beneficiaries receive the death benefit. It’s generally more affordable but doesn’t build cash value.
Whole Life Insurance: Provides lifelong coverage and includes a cash value component that grows over time. Premiums are higher but remain fixed.
Universal Life Insurance: Offers lifelong coverage with flexible premiums and a cash value component that earns interest.
Variable Life Insurance: Combines lifelong coverage with investment options, allowing the cash value to grow based on market performance.
Final Expense Insurance: Designed specifically to cover funeral and burial costs.
Life insurance helps ensure financial stability for loved ones and can be tailored to meet individual needs and goals.
Life insurance is a financial product that provides a monetary payout, known as a death benefit, to designated beneficiaries when the policyholder passes away. It is designed to offer financial protection and security for loved ones by replacing lost income, covering debts, funding future expenses (like education), or covering end-of-life costs.
A&K Insurance provides clear and transparent communication about policy terms, conditions, and coverage limits and explains insurance jargon in plain language to ensure customers understand their policies.
A&K Insurance At A&K Insurance Agency, we offer Personal Auto, Home Insurance as well as commercial coverage. Our mission is to offer better coverage at a reasonable price to our customers. With our fast-growing carriers Network, we fulfill our customer's needs.
4045 University Pkwy, Suite 219, Winston Salem NC 27106 / NC License: 3002799981
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