Some types of life insurance expire…and some don’t. If you’re unfamiliar with the different types of life insurance, including what expires and what doesn’t, this can make it hard to choose the right type of life insurance for you. It helps to have an insurance agent to help with the shopping process. The professionals at The Smith Insurance Group Inc. servicing Sandy, UT are here to give you information about life insurance. The more you know about the different types of life insurance, the easier it is to pick the policy that makes sense for you.

Different Types of Life Insurance

There are different types of life insurance. 

Term life insurance is a policy that lasts for a limited period. Term life insurance policies can last 10, 20, or 30 years. Some term life insurance policies can be extended beyond their original termination date. If you die while the policy is active, then your beneficiary is paid a death benefit. If you die after the policy goes inactive, then there is no death benefit paid. 

Permanent life insurance is a policy that lasts as long as you pay the premium. No matter how long you’ve had the policy, if you have continued to pay the premium, your beneficiary will receive the death benefit. 

Benefits of Term Life Insurance

Term life insurance is a type of insurance that many people choose when they have new families. Having a term life insurance gives new parents and new families a resource to fall back on, and because it’s a term life insurance policy, it’s often inexpensive. 

How to Get Term or Permanent Life Insurance in Sandy, UT

Do you need term or permanent life insurance in Sandy, UT? The professionals at The Smith Insurance Group Inc. servicing Sandy, UT can help. Call today to speak to one of our knowledgeable insurance agents.