Insurance

“I think there’s a difference between a gamble and a calculated risk.”
Edmund H. North

Insurance

Most of us try to avoid risk whenever possible. And yet, we’re at risk every day – health concerns, financial decisions, buying a house, even driving to work or school. We have loved ones that we care for and we want to make sure they’ll be OK financially should something happen to us.

Insurance isn’t at the top of the list for most folks to talk about, but it’s a topic you can’t avoid. Life insurance proceeds can provide for funeral costs, help pay outstanding bills and meet everyday living expenses. Credit cards and even your mortgage can be paid off, typically leaving your spouse and family debt-free. Insurance can safeguard your business or future needs for your children’s education.

Insurance may not be exciting, but it doesn’t have to boring. The State Bank of Pearl City and the Mount Carroll Banking Center insurance specialists make it easy to walk you through the options available for term life insurance. Options that will realistically fit your personal situation right now and consideration of how future life events can affect your needs for insurance.

 
 

Term Life Insurance

Term insurance has several benefits:

  • Coverage is provided for a certain period of time or “term” of years. If the insured dies during the active policy term, a death benefit will be paid.
  • Term insurance premiums are much less when compared to permanent insurance, often called “whole life” policies.
  • Most term policies can be converted to permanent insurance regardless of any changes in the insured’s health.

There are certain variations of what a term policy may offer. Contact Scott Helms for a complete analysis of which term option may be the best fit for you.


NOTE: INSURANCE POLICIES ARE NOT FDIC INSURED, NOT BANK GUARANTEED, NOT A DEPOSIT AND NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. ANNUITIES MAY DECREASE IN VALUE.