What kind of life insurance do I need?
What kind of life insurance do I need?
That depends on how much you need and how much of your disposable income can be channeled in that direction.
Term insurance is generally the least expensive, but has a limited benefit period, usually expressed as 5, 10, or 20 years. Many term plans are renewable and the price usually increases at renewal.
Whole life products generally provide coverage that lasts for the whole of life. Premiums are guaranteed for life and the cost is higher than term. Whole life builds a cash value, which may be an important advantage.
There are other forms of insurance and combinations of term and whole life that create a very nice “middle ground” approach to price and benefits.
Other Life Insurance FAQ’s
Who needs life insurance?
Practically everyone! If your death would create financial consequences, and it would, you need life insurance. Life insurance serves a wide range of needs, from paying for final expenses, providing income to surviving loved ones, and paying off mortgages, just to name a few.
How much life insurance do I need?
ATLANTIC COAST LIFE INSURANCE COMPANY IS A MEMBER OF THE A-CAP FAMILY
Contact Us
- HOME OFFICE
-
Sales & Marketing:
1565 Sam Rittenberg Blvd., Suite102
Charleston, SC 29407
- FOR APPLICATIONS AND PAYMENTS
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Preneed General Correspondence:
P.O. Box 96, Minneapolis, MN 55440 -
Payments:
P.O. Box 9485, Minneapolis, MN 55440 -
New Business:
P.O. Box 19, Minneapolis, MN 55440
- HOME OFFICE
-
Sales & Marketing:
1565 Sam Rittenberg Blvd., Suite102
Charleston, SC 29407 -
Administrative Office:
1565 Sam Rittenberg Blvd., Suite 200
Charleston, SC 29407
- FOR APPLICATIONS AND PAYMENTS
-
Preneed:
P.O. Box 20010, Charleston, SC 29413
