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Houston
Life Insurance
Term life insurance is like auto insurance or
any other type of insurance that you buy in
Houston, Texas - you pay for a specific
amount of coverage for a specific period of
time. If you die during the term of the
insurance, the policy pays your beneficiary
the amount stated in the policy. Term life
insurance does not include a savings or
investment program, which is a component of
“whole life” insurance policies. Term
insurance is pure insurance. We have a local
office and this website to provide term
insurance in Houston.
Most people need different amounts of life
insurance at different points in their life.
For example, a young man of 25 with 4 young
children, wife and average debt would need
enough coverage to assure that if he dies,
the bills are paid, and his wife has enough
to raise and educate the children. A retired
man of 70 with grown children, a large
savings account and no debt may need
insurance for different reasons.
What is
life insurance?
Life insurance is protection against financial loss resulting from
death. It is an insurance company's promise to pay your beneficiary
a specific amount of money when you die in exchange for timely
payment of premiums.
When should you get life insurance?
- There's anyone in your life
who depends on you. Life insurance helps provide them with
funds to live on if you should die.
- You're young and healthy.
Now is the time to lock in low rates.
- You're single or divorced.
Your outstanding bills may be a burden on your parents or
children.
- You get married. You
don't want to leave your spouse with a lot of debt on top of his
or her grief.
- You own a home. Life
insurance can provide your loved ones with money they can use to
help make the mortgage payments.
- You're expecting a child,
have children or are planning on to adopt. You want to help
ensure that his or her needs will be taken care of, including
education.
- You have aging parents.
You'll want to know they'll be taken care of, even if you can't
do it yourself.
Why do I need life insurance?
Although you may not think about it,
your ability to earn income is a significant asset and life
insurance helps replace lost income in the event of your premature
death. Here are some reasons people buy life insurance.
The death benefit may be used:
-
To replace income the family
would need to maintain their standard of living after the death
of a wage earner.
-
To pay off a mortgage loan and
other personal and business debts or to create a rent fund.
-
To create a fund for children's
education.
- To pay final expenses, such as
funeral costs and taxes.
- To create a family emergency
fund or a fund for a family member with special needs.
We invite you to review our website, find
out how to file a claim, read policy
details, and get more information that will
help you make a smart decision. Hermes
Insurance is here to provide you with the
necessary information you need to make the
right choice. If you have any
questions that
are not answered in this website, please feel
free to contact us for a
free quote. |
