Taking up an insurance policy can be quite confusing especially if it is your first time. However, there are a few guidelines that could help in making the right decision. Freedom Life Insurance, for instance, is a reputable company that will help you pick a cover that suits your needs as well as fit into your budget.
The company offers various insurance covers. You can go for term life insurance if you want life insurance for a specific period. This is applicable if you want to save for your children’s education twenty years after taking up the policy. This type of policy pays only if you die before the policy expires. It is suitable to have a limited budget to work with when taking the policy.
Read more about Freedom Life Insurance at Bloomberg.
You can also go for permanent life insurance offered by the company. This is considered more attractive because it pays the death benefit no matter when you die. Permanent life insurance can also be used when taking loans as the death benefit can be used as collateral for the loan. The premiums for permanent life policy are however relatively higher than the term policy. The premium remains the same no matter how old you are, but it can go up every time it is renewed.
Freedom Life Insurance is a subsidiary of the USHEALTH Group. It offers tailored insurance services to meet needs in the life insurance sector. The company does not provide term and permanent life insurances only but also offers specified disease and accident insurance policies. Freedom Life Insurance is particularly special because of the way it serves customers with constrained financial abilities. Being part of the USHEALTH Group is a big advantage for Freedom Life Insurance because of the admirable insurance experience that the company, USHEALTH Group, prides itself in.