Because nothing is more important than the well-being of your family.
Types of Life Insurance
When deciding which type and amount of life insurance is right for you, you’ll need to answer these important questions:
Understanding the Different Types of Life Policies
Answers to the questions above can help you understand which type of life
insurance would work for your situation.
The two main types are:
Negotiating Life’s Changing Needs
Most people will require more coverage than others at different times in their lives.
No matter which stage of life you're in, life insurance can help. Several
strategies can help you address your evolving needs and fit within your budget.
You may:
Buy a policy now that more than covers your current needs and may help
protect your future.
When determining what to buy and when, it is worth remembering that the younger
you are when you buy, the more cost effective it will likely be.
How Life Insurance Needs Can Change Over Time
RDS Financial Services will guide you in the purchase of Life Insurance, so as to avoid buying insurance that does not last long enough, or buying permanent insurance for temporary needs.
The Value of Advice
Some of the questions you may be asking yourself about your life insurance needs may lead to others. RDS Financial Services will help you sort through these questions, and develop a plan that's tailored to your specific needs.
When deciding which type and amount of life insurance is right for you, you’ll need to answer these important questions:
- What do you want the insurance to cover?
- What amount of coverage do you need?
- How long will you need the coverage for?
- What is your budget?
Understanding the Different Types of Life Policies
Answers to the questions above can help you understand which type of life
insurance would work for your situation.
The two main types are:
- Term, which provides temporary coverage, and
- Permanent, which provides coverage for the rest of your
life.
Negotiating Life’s Changing Needs
Most people will require more coverage than others at different times in their lives.
No matter which stage of life you're in, life insurance can help. Several
strategies can help you address your evolving needs and fit within your budget.
You may:
Buy a policy now that more than covers your current needs and may help
protect your future.
- Buy an initial policy now and then a supplemental policy later.
- Start with Term Life Insurance and convert to Permanent Life Insurance later.
- Purchase both Term and Permanent Life Insurance policies to get the benefits from the
different features they offer. - Add optional features, also known as riders, to broaden the coverage that a
particular policy provides.
When determining what to buy and when, it is worth remembering that the younger
you are when you buy, the more cost effective it will likely be.
How Life Insurance Needs Can Change Over Time
RDS Financial Services will guide you in the purchase of Life Insurance, so as to avoid buying insurance that does not last long enough, or buying permanent insurance for temporary needs.
The Value of Advice
Some of the questions you may be asking yourself about your life insurance needs may lead to others. RDS Financial Services will help you sort through these questions, and develop a plan that's tailored to your specific needs.