Life Insurance

Life Insurance

Liljenberg Insurance

Liljenberg Insurance





When you pass away, who will take care of your loved ones? If you want to be sure that they are cared for financially, life insurance can be your way to do that. Whether you are killed in an accident or due to old age or an illness, it can be expensive to bury a loved one and to continue on financially in the way you want, especially if the person who died was one of the main wage earners.

Life insurance will pay money to your loved ones or beneficiaries when you die. The amount paid will be dependent upon the insurance policy that you choose. The money paid out can be sued for funeral expenses and to pay other bills, such as childcare, housing, and other day-to-day costs, to allow your family to continue with their lives in the best way possible.

A monthly or yearly premium will be paid to an insurance company for your coverage. In whole life or universal insurance, this amount will increase in cash value, which can be borrowed against. In addition, the value could even increase to a point where the interest pays the premiums, allowing you to have coverage without having to pay a premium. This is a lifetime policy that will not end as a policy would that you get through your employer.

A term life insurance policy is the type that is largely offered through employers. This type of insurance also dictates a monthly or yearly premium, but it does not build cash value. In addition, it is only in effect for a specific period of time, such as while you are employed, etc. Once you leave the employ, then the policy will expire.

Several things affect the cost of the premiums, including lifestyle risks and the amount of coverage that you choose. That is why you want to be sure that you evaluate your choice carefully to make sure that you are getting the insurance that will fit your own budget and needs the best. Life insurance can be a way to take of your family, even when you are not here anymore.