☰ ˟
Lone Star Insurance Agency
Get More Information Cleburne (817) 641-3676 | Burleson (817) 426-2886
  • Home
  • Business & Commercial
    • Business & CommercialImage of right arrow
      • Bond Quote Online
      • Business Owners Policy (BOP) Quote Online
      • Commercial Auto Quote Online
    • Workers Compensation InsuranceImage of right arrow
      • Workers Compensation Quote Online
    • Contractors Insurance
  • Personal
    • Auto InsuranceImage of right arrow
      • Auto Quote Online
      • Auto Insurance - RESHOP Quote Online
    • Classic Car InsuranceImage of right arrow
      • Classic Car Quote Online
    • Homeowners InsuranceImage of right arrow
      • Homeowners Quote Online
      • Homeowners Insurance - RESHOP Quote Online
      • Homeowner Flood Quote Online
    • Dwelling Fire Quote Online
    • FloodImage of right arrow
      • Flood Quote Online
    • Landlord Insurance
    • LifeImage of right arrow
      • Term Life Quote Online
    • Manufactured Home Quote Online
    • Mobile Home Quote Online
    • MotorcycleImage of right arrow
      • Motorcycle Insurance Quote
    • Recreational VehicleImage of right arrow
      • Recreational Vehicle Insurance Quote
    • RentersImage of right arrow
      • Renters Insurance Quote
    • UmbrellaImage of right arrow
      • Umbrella Policy Quote
    • Watercraft & BoatImage of right arrow
      • Watercraft Insurance Quote
  • Customer Service
    • Client CenterImage of right arrow
      • Client Update Form
      • When To Contact Us
    • Payment Center
    • Claim InformationImage of right arrow
      • File A Claim
    • Companies We Insure With
  • Blog & General Info
    • Blog
    • Helpful Texas Dept Insurance Links
    • Myths About Buying Insurance
    • Industry Pro Tips & Reports
    • Insurance Glossary
    • Privacy Policy
    • Web Site Disclaimer
  • Our Agency
    • About UsImage of right arrow
      • Our Locations
      • Employee Directory
      • Dave Ramsey ELP
      • Nine Reasons To Do Business With Us
      • Love Your Agent Guarantee
      • Captive vs. Independent
      • Agency Comparison
    • Referral Reward ProgramImage of right arrow
      • Refer a Friend
    • TestimonialsImage of right arrow
      • Submit a Testimonial
  • Contact Us
    • Contact Us
    • Our Locations
    • Follow Us on LinkedIn
    • Follow Us on Facebook
    • Follow Us on Instagram
    • Follow Us on Twitter
  • Areas We Serve
    • Insurance - Cleburne, Texas
    • Insurance - Burleson, Texas
    • Insurance - Granbury, Texas
    • Insurance - Glen Rose, Texas
Logo
Insuring your Future today
Cleburne (817) 641-3676 | Burleson (817) 426-2886
Business Auto Classic Car Homeowners Life
Home > Blog > What is the Best Life Insurance Policy for a Young Family?
THURSDAY, JANUARY 28, 2021

What is the Best Life Insurance Policy for a Young Family?

family smiling at the camera sitting on a couchWhen you first start your family, you may want to consider a life insurance policy. A life insurance policy can provide coverage for your family in case an unexpected accident makes it so that you can no longer care for them. If you suddenly pass away, life insurance can provide your family with benefits for funeral expenses, income and help with the unexpected burden of debt. 

But not all life insurance policies are created equal. There are three main types of life insurance policies: 

Term Life Insurance 
A term life insurance policy lasts for a specific length of time. If the policyholder passes away while the policy is active, benefits will be paid to those listed as beneficiaries. If the policyholder does not pass away while the policy is active, the policy will simply end. 

Whole Life Insurance 
A whole life insurance policy provides coverage for as long as the policyholder lives. This policy lasts until the policyholder passes away and pays out benefits to the surviving beneficiaries. There is no need to renew this type of policy. 

Universal Life Insurance 
A universal life insurance policy is a type of whole life insurance policy that adds a cash value option. This means that as your account accumulates interest you can withdraw a certain cash amount while the policy is still active. 

The best life insurance policy may differ from policy to policy depending on your specific needs. For example, if you or your spouse are still paying off student loan debts, you may want a term life insurance policy that only lasts until you pay off your debt. This way, if you pass away before paying off your student loans, your loved ones will have the cushion of your life insurance policy to help take care of the unexpected expense. 

On the other hand, a whole life insurance policy is useful if you simply want a single policy to last as long as you live and one that you don’t have to renew. Cash value policies such as universal life insurance policies can also be extremely useful for receiving extra cash when you need it. 

As a new family, there is a lot on your mind from a new home to possibly having children and more. Take life insurance as one of those considerations as you are setting up the finances to take care of your family. 

The best part about getting life insurance young is that it typically costs less than if you purchase it later. Speak with an insurance agent about protecting your family with life insurance today. 

Posted 9:46 AM

Tags: life insurance, term life, universal life, whole life
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

  • lone star insurance agency(38)
  • burleson insurance(21)
  • cleburne insurance(17)
  • insurance burleson(16)
  • texas insurance(13)
  • insurance agency burleson(12)
  • insurance fort worth(12)
  • joshua insurance(12)
  • joshua homeowners(12)
  • homeowners burleson(12)
  • top rated insurance dfw(12)
  • burleson tx insurance(11)
  • lone star insurance(11)
  • best insurance agency(11)
  • best insurance fort worth(10)
  • johnson county insurance(10)
  • auto burleson(10)
  • joshua auto(10)
  • insurance(10)
  • godley insurance(10)
  • auto insurance(10)
  • cleburne homeowners(10)
  • burleson texas insurance(9)
  • health benefits(8)
  • james brown insurance(8)
  • blood donor(8)
  • godley auto(8)
  • godley homeowners(8)
  • blood drive burleson(8)
  • home insurance(8)
  • cleburne auto(8)
  • johnson county homeowners(8)
  • burleson auto insurance(7)
  • auto insurance burleson(7)
  • coverage(6)
  • home insurance burleson(6)
  • insurance burleson texas(5)
  • james brown insurance agent(5)
  • independent insurance agent burleson texas(5)
  • glen rose homeowners(4)
  • auto insurance burleson texas(4)
  • texas auto insurance(4)
  • lone star insurance agency burleson tx(4)
  • james brown insurance texas(4)
  • johnson county(4)
  • claims(4)
  • granbury insurance(4)
  • burleson(3)
  • insurance burleson tx(3)
  • texas(3)

View Mobile Version

Connect with us

Social Social Social Social Social
google review

Burleson Location

240 NW Newton Drive
Burleson, TX 76028

Phone: (817) 426-2886
Fax: (817) 426-2887
google review

Cleburne Location

1200 W. Henderson Street Suite A
Cleburne, TX 76033

Phone: (817) 641-3676
Fax: (817) 426-2887

Fill out the form below to get started with an insurance quote

© Copyright. All rights reserved.
Powered by Insurance Website Builder