Types of Life Insurance Plans
What can life insurance cover?
When you pass away, the beneficiary on your life insurance policy can receive the death benefit in one lump sum and can use it for a variety of expenses.
At Enora Insurance, we make the process of buying life insurance extremely simple. We have access to a wide range of life insurance companies so we can survey the marketplace and based on your individual rating criteria, find the best possible life insurance policy at the best price.
Life insurance can help your family pay off the mortgage on your home — which is essential if they’ve depended on you to cover the monthly mortgage payments.
Whether your children are already in college or it’s years away, it’s crucial to factor in the costs associated with tuition and other educational expenses when choosing a life insurance plan.
Final expense insurance is designed to cover funeral costs and other related expenses, such as cremation, interment, medical bills, and outstanding bills.
A life insurance payout can help your family with day-to-day expenses, such as utility and grocery bills, credit card balances, and daycare costs.
How much life insurance do I need?
A mistake that we often see people make is basing their life insurance coverage on a guess, or just grabbing a number out of thin air without realizing what the impact of inflation could have on their life insurance proceeds.
One of the benefits of working with an independent agent like us is that we can sit down, and through a comprehensive needs analysis, determine the exact amount of coverage you will need to protect the people who depend on you.
The amount of coverage you need depends on a number of different variables. Here are a few examples: