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Hilton Head Life Insurance Agency

Hilton Head Life Insurance Agency Explains Life Insurance 101

Life Insurance Hilton Head Island Understanding the purpose of Life Insurance is important for everyone, every day. The purpose of the different insurances is to “insure against loss of something important in our lives.

Auto insurance has its purpose which is to ensure your car or someone else’s car in case of an accident. In simple terms, since you probably couldn’t nor want to pay for the damage yourself, insurance takes its place.

Homeowners insurance is to insure against loss of your home or items in it. We buy the home insurance to replace or rebuild expensive losses with our home.

Getting to Know Hilton Head Island Life Insurance

Life Insurance Get it nowLife Insurance insures against loss of life ,gives security to family members if the financial provider passes away. It is a huge benefit to be able to replace income if the family provider passes away. It often enables the continuance of certain life styles and prevents financial hardships.

There are several different types of Life Insurance that have been introduced to the marketplace, however; there are really only two true types of insurance :

1. Term Insurance

This type has been also known as the pure insurance. This type protects you over a certain period of time.

2. Whole Life Insurance

This type of  Life’s Insurance is about insurance with an additional side account known as cash value.

How Does Life Insurance Work

Here is an example of Life Insurance . If a 31 years old person  wanted to purchase a term insurance policy for 20 years for $200,000, it may be about $20/month.

Now, if the same 31 year wanted to buy a whole insurance policy for $200,000 then it could possibly be $100/month. Thus, instead of charging the $20 (which is the real cost of the insurance) the other $80, is placed in a form savings account.

With  continued payments, the $80 will continue to be added in a separate account for the insured. If this person wanted to get some of money out of the account, he or she would “borrow” from the account and then pay it back with interest. The accumulation of the $80 per month is actuarially calculated so it keeps the same cost of the insurance to that person for his or her “whole life.”

Hilton Head Insurance & Brokerage Provides Excellent Sources of Life Insurance

Hilton Head Insurance and Brokerage Hilton Head Island Life InsuranceAt Hilton Head Insurance & Brokerage identifies the needs of the person choosing to buy life insurance. Full details and skills are used to find this sensitive and important information Life Insurance. Hilton Head Insurance & Brokerage has many high quality insurers from high to choose to cover this critically important area of insuring people’s lives. Our trained and licensed personnel gives excellent service and advice in choosing the right insurance company and the right amount of insurance for any clientele. This is one of the reasons Hilton Head Insurance & Brokerage earned such an excellent reputation.

Give Us A Call And Let Hilton Head Insurance & Brokerage
Put Your Life Insurance Plan Together.

Call 843-422-4154 Today!

Visit Us Here!

Hilton Head Insurance & Brokerage
1000 William Hilton Parkway, Suite J-13
(The Village at Wexford)
Hilton Head Island, SC, 29928
(843) 422-4154