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Simply put, personal life insurance is an individual policy that you hold, pay for, and get to keep no matter where you go in life. There are several different types of life insurance, including term, universal, or variable. Here’s a breakdown of what each type of life insurance is and how it works:
When it comes to personal life insurance, we know it’s a big decision to make. Our financial experts here at Burr Capital Advisors are here to outline each of these different types of life insurance for you so you can better understand what they are and how they work. From there, we take the time to understand you and your needs, and help you decide which kind is best for you. That way, you can feel informed and confident about your decision by truly understanding the ins and outs of the options you have. For more information, please feel free to give us a call today!
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This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance agent.This article is intended to assist in educating you about insurance generally and not to provide personal service. They may not take into account your personal characteristics such as budget, assets, risk tolerance, family situation or activities which may affect the type of insurance that would be right for you. In addition, state insurance laws and insurance underwriting rules may affect available coverage and its costs. Guarantees are based on the claims paying ability of the issuing company. If you need more information or would like personal advice you should consult an insurance professional. You may also visit your state’s insurance department for more information.