Life Insurance in Parma, OH and Cleveland, OH

You probably have big dreams for the future for both you and your family, and you want to be around to see them through. Sadly though, there’s always a chance that tragedy might strike, and in the event of your untimely death, you want to be able to protect the people and the things you care about. A quality, personalized life insurance policy from Hixson & Malinowski Insurance Agency will make sure that you can do so.

As you put together your life insurance plan, you’ll want to create a package that will enable your family to live comfortably even after you are gone. Hixson & Malinowski Insurance Agency offers policies for Parma, Cleveland, Independence, North Royalton, Brooklyn and beyond, and we’re here to help you find the perfect coverage solutions.

Why Do I Need Life Insurance?

Life insurance is an investment, and one of the most important ones that you will ever make, at that. In the event of your sudden, unexpected death, your loved ones could struggle to afford numerous costs like household debts, student loan debts, estate taxes, funeral expenses and other ongoing expenses. They might also face the strain of living without the income you once provided, and could even struggle to keep your business open following your loss.

Your absence leaves a loss of monetary support that only life insurance can help you cover. It’s there to make up for the fact that you are no longer around to provide for others by ensuring that they have a financial resource that will support your legacy.

Understanding Life Insurance

There are two fundamental forms of life insurance:

• Term Life Insurance

A term life policy provides a death benefit to your loved ones as long as you die during the policy’s term. This might be a period of 10, 20, 30 or more years, depending on the expiration date of the policy. If you do not die during this time, then the policy does not pay. You will also have to reapply for a new policy if you want to continue to have coverage.

• Permanent Life Insurance

Permanent life insurance includes both whole life and universal life insurance. These plans will not expire unless you stop paying for them. Therefore, they last for the rest of your life no matter how long it might be. Additionally, these plans offer cash value investment opportunities in addition to death benefits, and the cash value component can enable you to receive a source of income during your lifetime.

Plus, there are many more specific types of life insurance coverage, such as:

• Final Expense Insurance
• Group Life Insurance
• Individual Life Insurance
• Key Person (Key Men) Insurance
• Long-Term Care Insurance
• Mortgage Protection Insurance
• Second-To-Die Policy

Each type of plan has their own advantages and drawbacks, which is why it's important to speak to a professional to understand what's right for you.

Why leave your family in a lurch on your death, when instead you can choose to enroll in a quality life insurance plan that is perfect for your individual needs? As your life changes through major events, your policy will likely evolve too, and Hixson & Malinowski Insurance Agency will be here to help you along the way.

Contact us to learn more about life insurance or request a free quote now.