Do you know that your family will be financially secure when you pass? Would you like to be sure of their security? The Renee Oliver Insurance Agency Inc., serving in and around the Silver Spring, MD area, can provide you with the coverage you need to be sure.

Life Insurance – The Key to Your Family’s Security

How does life insurance work? It is a contract between the policyholder and the insurance company. The insurer promises to pay the designated beneficiaries a sum of money upon the death of the insured. Based on the contract, events such as a terminal or critical illness can also trigger payment. The insured will pay a premium, as one lump sum or on a regular basis. The benefits provided will usually include funeral expenses.

Other reasons to purchase life insurance are for childcare for any younger children in the event a spouse needs to return full-time to the workforce or increase the number of hours they work. It could cover maintenance services for your home, such as landscaping, or house cleaning services.

This benefit could be used for college tuition for older children, or to satisfy a mortgage, so they can live mortgage-free.

In the event they have a substantial savings account, it is unlikely that it would be enough to cover the expenses of a family for several years or decades if a policyholder should pass unexpectedly.

Contact Us Today

Let the insurance professionals at Renee Oliver Insurance Agency Inc. in Silver Spring, MD explain the different types of life insurance you can consider – term life, whole life, or universal life. Don’t leave your family unprotected. The passing of a loved one is difficult. You don’t want them to be faced with financial hardship as well.

Contact us today for a no-obligation quote or any answers to questions you may have. You will be glad you did.