Life Insurance - What You Need to Know About Life Insurance
Having the right life insurance is pivotal in planning for the future of you and your loved ones. Life insurance can help you fulfill promises you’ve made your family when you are gone.
Don’t leave the future of you and your loved ones to chance.
The Billy R Martin Insurance Agency can help you find the right life insurance coverage for you, and help ensure that your policy continually meets your needs.
Life changes – so should your policy
For each of our neighbors in Texas, the right life insurance will be unique for you and dependent on your personal and financial needs. As your life changes, your life insurance coverage may need to change in order to adapt to your current needs. Some life transformations that may require a policy “tune-up” and our help at Billy R Martin Insurance Agency include:
Texas – What you need to know about life insurance
Billy R Martin Insurance Agency can help you select the best life insurance coverage for your needs. There are several different types of life insurance products available – the most common include:
Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than permanent (whole) life insurance, and is available in varying time periods with fixed premiums from a one year (annual renewable term) to 20-year (level term) period. Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.
Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.
Universal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.
So what type of life insurance is best for you? Talk with the team at Billy R Martin Insurance Agency today at: 903-581-8191, and we can assist in identifying the best protection for you.
What are the advantages of life insurance
Having the right life insurance is essential to planning for your present, and your future. Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.
Advantages of the life insurance death benefit: When you pass away, your life insurance provides income tax-free money to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need. Your policy can help provide security for your business security as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.
Advantages of Living Benefits: The cash value growth of a permanent (whole) life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.
The right life insurance coverage for each and every one of our neighbors in Texas is unique – talk with the Billy R Martin Insurance Agency team today to find out how to protect your family and your future with the right life insurance.
How much home insurance is right for you in Texas
Life insurance is a crucial step in planning for your future. Not only can life insurance provide assurance for your family if you are no longer around, there are life insurance policies that offer benefits while you are living.
Based in Tyler, at the Billy R Martin Insurance Agency, we understand the life insurance needs of our customers.
The necessity of life insurance depends on your own personal and financial needs. At Billy R Martin Insurance Agency we assist and help you determine the type and amount of life insurance that is appropriate for you and your family. Generally, you should consider life insurance if:
Additional benefits of life insurance other than providing for your loved ones, in case something happens to you include:
The right coverage for you in Texas is unique – talk to us today at the Billy R Martin Insurance Agency: 903-581-8191, and find out how to protect your family and your future with the right life insurance.
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Billy Martin Insurance is located at 2032 Republic Dr, Tyler, Texas 75701. We are open Monday through Friday from 8 am until 5 pm. One of our staff will be happy to speak with you and find the best fit for your insurance needs. Billy Martin Insurance has been a part of Smith County in Tyler, Texas since 1956. We continue to serve the greater East Texas area with the same values and integrity as the day our doors were opened.
If you are new to the Tyler, Texas area or have lived in Smith County all your life come by and talk to our helpful staff for all of your insurance needs. We understand the insurance needs of life in East Texas because we live right here.
Billy Martin Insurance is an Independent agent, which means we have numerous companies to select the best insurance available for your specific needs. This allows you to shop around and stay with one agent right here in Tyler, Texas.
So, whether you need Home, Auto, Commercial, Workers Comp, or any other insurance needs, come by or give us a call!
or call 903.581.8191
INSURANCE YOU CAN TRUST
If you experience any problem contacting us dial 903.218.7964
Billy R. Martin Insurance
2032 Republic Drive
Tyler, TX 75701
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