Best Tampa Life Insurance Quotes
Best Tampa Life Insurance Quotes from Mintco Financial in Tampa Florida strives to offer you quality life insurance coverage for you and your family with a variety of options available.
At Mintco Financial we offer all our clients high level of professional service and a long-term relationships.
We are independent agents, we’ll research rates and coverage from top insurance companies to find best Tampa Life Insurance Quotes and insurance plans for you.
We do the insurance shopping and comparing for you to save you time and money!
Understand the difference between Term LIfe Insurance and Permanent Life Insurance
There are two principal types of life insurance: term and whole life.
A term policy is the simplest form of insurance, which pays only if the insured dies during the stated term. Term insurance is generally considerably cheaper than the permanent alternative and once the term period ends, your coverage ends.
Whole life insurance is sometimes called “permanent insurance.” It pays a death benefit whenever you die, even if you live to be very old. There are several subcategories: traditional whole life, universal life, variable life and variable universal life.
Whole and universal life insurance differ from term insurance in that they last for your whole life. With this extended period, premiums are considerably more expensive. Beyond that, the other major benefit whole/universal life insurance offers is that the premiums have the capability of growing as cash value over the life of the policy.
This growth is generally tax deferred and can be accessed over the life of the policy, with some catches. However, if you do not touch this cash prior to passing it is then disbursed to your family members in addition to the face value of the certificate.
How can I pay for Life Insurance?
You could choose to pay premium monthly (as a deduction from your salary), quarterly, half yearly or annually. However, there are Single premium policies where you pay premium once only (hence you do not have the facility to make the effort of paying premium regularly).
What does my family get on my death?
If death of the policy holder takes place during the term of the insurance policy, then the nominee designated by the policy holder receives the assured sum plus the accrued bonus, if any.
However, if death takes place after the policy has matured, then the nominee does not receive anything from the insurance company.
How Do I Apply for Best Tampa Life Insurance Quotes
Talking about you or a loved one passing away or falling ill is a difficult topic to broach and for that reason many people tend to avoid discussing what impact it would have on their family’s (or their own) financial security.
Regardless of the type of life insurance you want to buy, the most important factor to consider is how much life insurance your family will need if the primary income earner were to die unexpectedly.
Whatever figure you and your family determine is appropriate, it doesn’t matter what type of coverage you protect them with.
It could be Whole Life, Universal Life, Term Life, or a blend of all three. Just make sure that you provide adequate protection for your survivors.
Finding the right insurance can take time, which you might not have.
Mintco Financial Team of Independent Advisors will help you find comparable quotes that are tailored specifically to your needs.
Call us at 813.964.7100