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Life Insurance

Life Insurance in Florida

Life insurance agent fort myers Florida
Whether you’re protecting your loved ones or planning for your future, Metro Insurance Agency offers you their expertise and quality policies for you to rest assured you and your family will be protected from the unexpected. Every life insurance policy is unique upon your personal and financial needs.

As your life continues to change, so will your Florida Life Insurance plan.

Life Insurance Changes

Every single second of every single day, something in our lives change. As with time, these changes can affect our life insurance decisions. The perfect coverage for you and your loved ones will determine what type of Florida life insurance is right for you.

When deciding on your life insurance plan, consider these changes or changes-to-be:

  • Recently married/divorced.
  • A new child/grandchild.
  • Opened/expanded a business.
  • You or your spouse’s health has deteriorated.
  • You are providing care or financial assistant to a parent.
  • Your child/grandchild is going to require long-term care.
  • Purchase of a new home.
  • Planning for a child/grandchild’s education.
  • Concern of retirement income.
  • Refinancing of your home’s mortgage.
  • You received an inheritance.
  • Own an estate.

There are a few different types of life insurance policies:

Term life

Term life insurance refers to the form of insurance that will pay out only if the policyholder’s death is within the term of the policy, which can range from 1-30 years. The premiums are generally lower than permanent life policies and is available in different time periods with set premiums. Permanent policies such as whole life, universal life, variable life and variable universal life will remain as long as the premium is paid and some can even be a cash value.

Whole life

This is one of the most common types of permanent insurance and will remain throughout your entire lifetime. Whole life insurance offers a death benefit as well as a savings account. If you decide on this type of Florida life insurance plan, you should be paying the certain amount in premiums on a regular, set basis set towards a specific death benefit.

Universal life

This type of policy gives you a bit more flexibility than a set whole life insurance plan. With medical examination, you may be able to increase your death benefit and your savings vehicle will gradually earn a money market rate of interest. After you have a set amount of money within your account, you may have the option to alter your premium payments. This can often be useful if your financial situation has changed. You should always keep in mind that if you stop or reduce your premiums, your policy may lapse and your coverage may end.

Variable life

Variable life insurance combines death protection with a savings account that allows you to invest in stocks, bonds, and money market mutual funds. The pros of this may include that the value of your policy may grow rapidly but if your investments fail, your cash value and death benefit are at risk of decreasing.

Variable-universal life

This type of policy allows you to have the features of both variable and universal life policies while the investment risks and rewards characteristic of variable life insurance with the ability to adjust your premiums and death benefit that is characteristic of universal life insurance.

Do I Need Life Insurance?

If you or your spouse has invested into financial commitments that will rely on the continuation of your income, a life insurance policy is by far the most cost effective choice to provide benefits to any of your survivors.
For more information on obtaining life insurance contact us  or stop by our Insurance Agency located in Fort Myers, Florida!

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We have extensive experience working with many different types of businesses throughout the Florida area (including the areas of Punta Gorda, Estero, Fort Myers Beach, Cape Coral, Fort Myers, Lehigh Acres, Bonita Springs and Naples)