At Bowen Insurance Group we run your life insurance quotes with many different companies to be sure you receive the best rate possible.
When it comes to life insurance there are so many things to consider. By using this link you can get an idea of what amount of coverage you might need. We would love to sit down and discuss all of your options and find an insurance plan that will best fit your needs.
What type of insurance is right for me?
This all depends on the length of coverage you are interested in, premium amounts you are able to pay, and if you’ll be needing to draw income from your policy later.
Term insurance is issued for a specific amount of time (typically 10,20 or 30 years), with considerably lower premiums when initially purchased, and offers the highest death benefit for the lowest cost.
Permanent insurance (such as Universal Life or Whole Life) provides coverage until age 100 or later, as long as the premiums are being paid. Premiums are initially higher, but often level for life. Cash accumulates over time on a tax-deferred basis, offering lifelong protection and tax-deferred savings.