Life Insurance in Missouri

When you don't have life insurance, your loved ones are in danger of having financial hardship after you're gone. Getting life insurance as soon as possible is the best choice so your family doesn't face that risk. When deciding on the right life insurance for you, it's wise to know the available types to know which type you want. Two main types are available, and each has its pros and cons. If you're in Missouri, call us at Rich Insurance Agency LLC in Kansas City, MO to learn more about these policies.

Term Life Insurance

As one of the main types of life insurance, this one is highly popular. It works by contracting with the policyholder to be in effect for a certain number of years. This is the term that the policy type is named after. It stays good throughout that term, and at the end of it, the contract ends, and the coverage is no longer in effect. The ending of the policy is a drawback for many people, but it's popular because it's inexpensive. This is sometimes the only way people can afford life insurance.

Whole Life Insurance

There is whole life insurance for those with larger budgets and who don't want their life insurance to expire. This type doesn't expire, and you can keep it as long as you want to. Because it is more expensive, it can be more challenging for some people to afford, but the policy does come with another benefit. It slowly builds a value that becomes available to you to borrow against. This can give you more peace of mind simply by knowing it's there in an emergency.

Call Us Today

To get your life insurance in Missouri, call us at Rich Insurance Agency LLC in Kansas City, MO to learn more.