Term is the lowest cost option but lasts only for a set amount of time, typically 10, 20, or 30 years.
A flexible policy that can be permanent with cash value or act more like a term policy.
A permanent policy that has a cash value component which accrues a certain interest rate.
Term life that returns the amount you paid in premiums if the policy is not exercised before the expiration of the term.
Term life insurance that can be issued without a medical exam and only requires answering some questions.
To determine how much you need, you should have a conversation with your loved ones to agree on an amount that is suitable if you weren’t able to provide for them. Some things to consider are:
The Valento Insurance Agency is licensed in Minnesota, Iowa, & Wisconsin. Serving Inver Grove Heights MN, Eagan MN, St Paul MN, Woodbury MN, Mendota Heights MN, Apple Valley MN, Cottage Grove MN, Maplewood MN, Oakdale MN, and more.
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