Life insurance is essential for ensuring the financial security of your family and loved ones. At Cauldron Insurance Agency, we offer a range of life insurance policies tailored to your needs, including term life, whole life, and universal life insurance. Our expert agents will help you choose the right coverage to protect your family's future and provide peace of mind.
Life insurance is a contract between you and an insurance company, where the insurer pays a death benefit to your beneficiaries upon your passing. It provides financial security for your loved ones, covering expenses like mortgage, education, and daily living costs.
The main types of life insurance are term life insurance, whole life insurance, and universal life insurance. Term life covers you for a specific period, whole life provides lifelong coverage with a cash value component, and universal life offers flexible premiums and coverage amounts.
The amount of coverage depends on your financial situation, including your income, debts, and the future needs of your beneficiaries. A general rule is to aim for coverage that is 10-12 times your annual income.
Yes, many life insurance policies offer flexibility to make changes. You can often adjust your coverage amount, switch from term to permanent insurance, or add riders for additional benefits.
A rider is an add-on to your policy that provides extra benefits or coverage. Common riders include critical illness, accidental death, and waiver of premium riders. They help customize your policy to better fit your needs.
