Do you have a family that depends on you? Do you have life insurance? Our professionals at The Insurance Hub LLC, serving Wichita, KS and the surrounding areas, are here to assist.

Life insurance comes in two forms:

Term life insurance offers coverage for a certain amount of time, usually between 10 and 30 years. Sometimes referred to as pure life insurance, there is no cash value component to the policy. It ends when the term is over.

Permanent life insurance offers coverage for your entire lifetime. It has a cash value component, and as long as the premiums are paid, the coverage lasts for the entire life of the insured. A portion of the premium dollars becomes tax-deferred over time, but the death benefit is immediately paid out from the first day you are insured. The cash value, however, may take years to build up into a significant amount.

Universal life and whole life are the two types of permanent insurance available.

• Universal life insurance will be less expensive, but the death benefit, premiums, and cash value growth rate can vary, making the policy more complicated.
• Whole life insurance is much easier. The premium is the same for life, the death benefit is guaranteed, and the cash value accumulates at a guaranteed rate.

Life insurance is a powerful tool for protecting the financial future of the people who rely on you. It is something most adults should consider.

Typically, the longer you wait to purchase life insurance, the most expensive it becomes.

Give Us A Call

Don’t leave your beneficiaries without the means to live in the manner you have been able to provide for them. The Insurance Hub LLC can provide a quote or answer any questions you may have about life insurance. Contact us today. You will be glad you did.

When it comes to choosing life insurance, there are two basic types: whole life and term life. But which one is right for you? The Insurance Hub LLC can help Wichita, KS residents understand how each type of policy works, when to buy them, and what factors to consider when making your decision.

Life Insurance Basics: What You Need To Know

Whole life insurance, also known as permanent life insurance, is a type of policy that provides coverage for your entire lifetime. This means that you are guaranteed a payout regardless of how long you live, as long as the premiums are paid on time.

Term life insurance, on the other hand, is a temporary policy that provides coverage for a specific amount of time – typically 10 to 30 years. Unlike whole life insurance, term policies do not have any cash value and only pay out to your beneficiaries if you pass away during the specified period.

So which type of policy is better? Ultimately, the answer depends on your individual needs and circumstances. Factors to consider when choosing between whole and term life include how much coverage you need, the cost of premiums, and whether you are likely to outlive your policy.

Contact Us Today

If you are still unsure about which type of policy is best for you, it may be helpful to consult with an experienced financial advisor or insurance broker who can offer advice based on your unique situation. With careful planning and research, you can find the right type of life insurance to suit your needs and give you peace of mind.

If you have any additional questions about your life insurance options, give The Insurance Hub LLC a call today. We proudly serve the Wichita, KS area. 

When it comes to life insurance, there are a lot of questions that people have. One of the most common is whether or not they need life insurance if they are single and have no kids. The answer to this question depends on various factors, including your age, health, and overall financial situation. The Insurance Hub LLC in Wichita, KS is here to help you navigate this important insurance coverage.

Here are some of the things you need to consider when making this decision:

Do Your Debts Have Cosigners?

If you have any debts that have cosigners, such as a mortgage or a car loan, then you’ll need life insurance to protect your cosigners from having to pay off those debts if you die. You see, when you die, some debts don’t just go away. They still need to be paid, and if you have cosigners on those debts, they’ll be responsible for paying them off.

Do You Have Any Dependents?

Dependants may not necessarily be your own children. If you have family members or close friends who rely on you financially, then you’ll need life insurance from a reliable company such as The Insurance Hub LLC in Wichita KS, to ensure they’re taken care of if you die.

Your Family Has a History of Major Health Issues

If you have a family history of major health issues, you may want to consider getting life insurance. This way, if something happens to you, your loved ones will be taken care of financially. The last thing you want is for your family to be burdened with medical bills on top of everything else.

It’ll Take Care of End-of-Life Expenses

No one likes to think about their own death, but it’s important to be prepared for it. One of the things life insurance can do is help pay for end-of-life expenses, such as funeral costs. This way, your loved ones won’t have to worry about how they’re going to come up with the money to pay for your funeral.

Give Us A Call

As you can see, there are a few different things to consider when deciding whether or not you need life insurance if you’re single and have no kids. Ultimately, the decision comes down to your personal circumstances. If you have any questions, feel free to contact The Insurance Hub LLC in Wichita, KS. We would be more than happy to help you find the life insurance policy that’s right for you.