Life Insurance in Ohio
Our team at Schneider Insurance Agency proudly serve residents all over Ohio with offices in Gahanna, OH and Newark, OH offer various life insurance options for those around the state. We stress the importance of having a life insurance policy in place. From a great peace of mind to the security you and your loved ones deserve, life insurance is one type that many people overlook, yet it is so important.
People in Ohio can choose from many types of life insurance policies, including the main types of universal life, term life, and whole life insurance policies. If you die suddenly and are the main breadwinner of your home, it could put a lot of undue stress on your family members, who will already be in a state of grief. By having a life insurance policy in place, your family can focus on the critical process of navigating their way through the grief process without having to worry about how to pay for the car payment or the mortgage.
Below is a detailed list explaining these three main types of insurance policies that you can choose from.
Term Life Insurance
This type of life insurance policy will only pay a death benefit to the person or people you designate if your death occurs during the active term. You can choose the length of your term policy and when it expires. You can also start a new term policy at the end of the term of the original policy.
Whole Life Insurance
Whole life insurance encompasses the three main categories: whole life, universal life, and variable life insurance. This type of insurance will pay out a certain amount to your loved ones when you die.
Universal Life Insurance
Universal life insurance is the most popular choice of the three types since it offers a death benefit and an investment account that can act like a savings account. This means you can borrow money from your policy over the years to pay off bills ahead of time, such as your mortgage or college tuition for your children. Your beneficiaries will still receive a death benefit and have fewer significant bills to worry about in the future.
Our agents at the Schneider Insurance Agency proudly serve residents in the Gahanna, OH and Newark, OH areas. Call today for a quote and to obtain a life insurance policy for you and your loved ones.