A Personalized, Caring Approach to Insurance
Life Insurance in Maryland, Virginia, and Pennsylvania
The people you love come first. Often, the most important people in our lives are our spouses and children, and a major consideration is wanting to protect their financial futures with a life insurance policy. We all have our ideal future plans, but it is of the utmost importance to prepare for scenarios we might not want to think about. At Youngbar Insurance Agency, we’re passionate about bringing clarity and simplicity to your loved ones’ financial future should you pass away. Read on to learn more about life insurance and schedule a consultation with us today.
Life on Your Terms
Your concerns and budget are extremely important to us. As insurance specialists, we prioritize listening to our clients and educating them so they can make empowered decisions for their own futures. If you are wondering what type of life insurance policy might be right for you, we are here to illuminate the different policies available and help you make the right choice. Life insurance comes in several policy types that can be more affordable than you may expect.
Term Life Insurance
Term life insurance can be an ideal choice for someone who is younger and starting a new family, and wants to make the future investment of life insurance on a limited budget. With this type of life insurance, the premiums you pay stay level for a certain amount of time — generally for either 10, 20, or 30 years — before increasing after this period ends. Your coverage will continue for as long as you pay these premiums, which generally increase in price as you get older.
Whole Life Insurance
Under a whole life insurance policy, you are insured throughout your entire lifetime, as long as you pay the agreed-upon premium. This type of permanent insurance will generally create a cash value that can be accessed during your lifetime for a variety of reasons.
Universal Life Insurance
Under universal life insurance, you can also accumulate a cash value. This policy is a great option because you can tailor it to your changing priorities as your situation in life evolves, and you are given control over the growth of your cash value.
What Life Insurance Plan is Right for Me?
Youngbar Agency offers our clients a personalized approach, backed by years of experience and knowledge of the intricacies of the insurance business. With our individually tailored service, you’ll know that we care about you as an individual, and that we truly desire to find a policy that fits your needs. You have many options available for life insurance, and the position you’re at in life affects which plan is right for you.
Perhaps you’re just getting started on planning for your perfect future life. If you have a young family, are early in your career, or are handling a lot of different payments, a more affordable option such as term life insurance may be right for you. Even with other financial constraints to balance, you understand life insurance is necessary for the future of your young family. Come see us at Youngbar and see how we can help with your future planning and safeguard your family’s future.
If you are later on in your life and more established in your career, without all the financial obligations of a younger family, different life insurance options may be a perfect fit for your situation. Policies are available to provide a death benefit to your beneficiaries, as well as policies that open up valuable options such as increasing your retirement income or supporting your family in other ways financially. Youngbar can walk you through the details and help you make an informed decision.
Single Person Insurance
Even if you don’t have any beneficiaries, life insurance can still be an invaluable investment for your future and the legacy you leave behind. The death benefits for a single person can cover costs associated with end-of-life care, and set up a system to leave money to those who matter most.
Don’t navigate the life insurance process on your own. Instead, let our knowledge and experience help you find the perfect policy. We encourage all residents of Maryland, Virginia, and Pennsylvania to contact Youngbar Insurance Agency and let us give you the peace of mind a quality life insurance plan can provide.