Utah Life Insurance
Living in Utah offers us use of gorgeous mountains, trails, and beautiful lakes. We are truly fortunate to be living in the beautiful state of Utah. Even though we enjoy this day today living here, sometimes the unexpected can happen. We have our loved ones, families, and others that rely on our well-being. So we need to secure our future livelihood by protecting ourselves with insurance coverage such as life insurance.
Types of Life Insurance
At Troy J Jensen Insurance Agency Inc. we understand the need to secure our futures. We can show you a variety of coverage options to suit your needs. Are you married? Do you have children? Do you have a family? If so, then we will help you select the proper coverage for you and yours.
Let’s start with types of life insurance. There is term life insurance, whole life insurance, and universal life insurance.
Term Life Insurance
Are you on a fixed budget? If so, then term life insurance might be ideal for you. It will allow you to select the length of coverage, how much coverage, and the associated monthly mediums. Typically, fees are lower depending on the length of time you choose. For example, a 10 year term life insurance policy will be more affordable than a 20 or 30 year policy. Typically, the premiums increase as you move into the later later years of life.
Whole Life Insurance
Whole life insurance is just as it states, for your whole life. It does not expire like term life insurance does but will continue on as long as your monthly premiums are made. One main benefit of whole life insurance is that as the policy matures, it gains cash value. This money can then be accessed for a variety of purposes throughout your life.
Universal Life Insurance
Similar to whole life insurance, universal life insurance is permanent. It offers a cash value as it matures as well. The difference with universal life insurance is that it allows more flexibility to your premiums and allows more control over how quickly you want your cash value to grow.
We understand that everyone has their own unique situation, and that there is no one-size-fits-all solution when it comes to life insurance. With that in mind, we at Troy J Jensen Insurance Agency Inc. will help tailor the right insurance solution for you and your needs.