Life Insurance in Tucson, AZ
Life insurance can provide financial security for your loved ones when you’re no longer around to support them. It can replace your income, pay off outstanding debts and cover funeral costs, helping your family maintain their standard of living.
What Are Three Common Types of Life Insurance?
- Term life is often the most affordable and simple type of life insurance. It can provide coverage for a specific period, usually 10, 20 or 30 years.
- Whole life is a permanent policy that can provide lifelong coverage. It also has a cash value component that grows over time. Many insurers also offer whole life insurance for seniors, who may have different priorities than younger adults.
- Universal life is also a permanent life policy that can offer more flexibility. The premium and death benefit amounts may be adjusted as your needs change.
Additional forms of life coverage exist, each with varying details. Discuss all your options with an insurance professional from ABC Insurance & Financial Services.
How Much Life Insurance Can I Get? 
The amount of insurance you can get depends on various factors such as your income, debts, lifestyle and the number of dependents you have. As a rule of thumb, it’s good to have a policy that is 10 to 15 times your annual income.
How Many Life Insurance Policies Can You Have?
You can have multiple insurance policies without restriction. Some individuals may choose to retain whole life insurance for their lifetime and purchase a separate term life policy for a specific period, such as until their children graduate from college. Whether to hold multiple life insurance policies may depend on monetary goals, legacy planning, and financial situations.
How Much Does Life Insurance Cost?
Different companies offer varying rates and pricing structures. Generally, insurance costs may vary depending on your age, health, lifestyle, policy type and coverage amount.
Where to Buy Insurance
Contact ABC Insurance & Financial Services. today to help you choose the right policy for your situation.