Life Insurance in Pittsburgh, PA

There are two types of life insurance: term and permanent.

Term life insurance is just what it sounds like – a policy that covers you for a fixed period of time, usually 10 or 20 years. If you die during the term of the policy, your beneficiaries will receive a death benefit. Term life tends to be more affordable. Permanent life insurance, on the other hand, is a policy that covers you for your entire life, and tends to be more comprehensive. If you die while the policy is in effect, your beneficiaries will receive the death benefit.

Estate planning is a critical process that everyone should undergo to ensure their loved ones are taken care of in the event of their death. Part of estate planning includes acquiring life insurance. Though it may seem like an unnecessary expense, life insurance is a vital part of protecting your loved ones financially and ensuring a secure retirement.

When you die, the proceeds from your life insurance policy will be paid to your estate. This money can then be used to pay off any debts you may have, provide for your loved ones, and cover the costs of your funeral. If you do not have a life insurance policy, you risk these costs being passed on to your family.