Life Insurance

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Life Insurance

Safeguard your family’s future with the right life insurance policy.

Don't leave your loved ones' future to chance. Having the right life insurance is critical when it comes to planning for your and your loved ones' future. Life insurance can help you fulfill promises you’ve made to your family when you are gone.

McCall Insurance can help you find the right life insurance policy for you and help ensure that your policy continually meets your needs. Contact us today to get started.

Life Changes — So Should Your Policy

The right life insurance policy will be unique for you and dependent on your personal and financial needs.

Your life insurance coverage may need to change as your circumstances change in order to meet your current needs.

Some life transformations that may require a policy tune-up include the following:

  • You may have recently married or been divorced.
  • You've welcomed a new child or grandchild into your family.
  • You've started or expanded a company.
  • Your or your spouse's health has deteriorated You are caring for or financially supporting a parent
  • Your grandchild or child needs help or long-term care.
  • You recently bought a new house.
  • You're making plans for the education of a child or grandchild.
  • You're worried about your retirement funds.
  • In the last six months, you've refinanced your home mortgage.
  • You or your spouse received an inheritance recently.
  • You have a substantial estate.

Common Types of Life Insurance

There are several different types of life insurance policies available — the most common include the following:

  • Term Life Insurance
    Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than whole life insurance and is available in varying time periods with fixed premiums from a one-year (annual renewable term) to 20-year (level term) period. Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.
  • Whole Life Insurance
    Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.
  • Universal Life Insurance
    Universal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically but is usually guaranteed not to fall below a certain percentage.

So what type of life insurance is best for you? Talk with the team at McCall Insurance today at (540) 483-9525. We can assist in identifying the best protection for you.

Advantages of Life Insurance

Not only can life insurance provide peace of mind for your loved ones after you pass away, but many policies also include additional benefits and investment opportunities that you can take advantage of while you are still alive.

Advantages of the life insurance death benefit: When you pass away, your life insurance provides income tax-free money to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes, or virtually any financial need. Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Advantages of Living Benefits: The cash value growth of a whole life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a whole life insurance policy to help with expenses, such as college tuition or the down payment on a home.

The right life insurance coverage for each and every one of our neighbors in Jacksonville is unique — talk with us today to find out how to protect your family and your future with the right life insurance.

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