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6796
Route 9 PO Box 205 Visit our Real Estate Division at: www.realestateatrhinebeck.com |
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Insurance Products
Online Services
24/7 Online Services
About Us
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“I have never been told that a
life insurance benefit check I delivered was too large.”
- Greg Rakow The need and uses for Life
Insurance are as varied as the people that purchase it.
Determining how much life insurance, or the type of life insurance,
someone should have can be a very simple discussion but more often it
involves an in depth consideration of several factors.
Unless the need is very specific and therefore very clear we
recommend clients discuss the complex issue of life insurance with a
licensed professional like Fraleigh and Rakow. In general there are two
types of life insurance, term and permanent
Term Life Insurance – This is the most
affordable and most simple form and it
is exactly what the name implies. It
is an agreement between the insurance company and the insured to provide a
fixed amount of death benefit for a set term.
When that time is up the contract lapses and there is no further
obligation to provide the death benefit or to pay a premium.
Typical uses for term life insurance are to guarantee the payment
of a mortgage or business loan during the set period of obligation.
Term Life insurance is also frequently used to buy the maximum
death benefit for the minimum premium by a family provider with young
children. Come in or call or email Fraleigh and Rakow for further education on the intricacies of your insurance plan and more importantly YOUR needs.
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