A life insurance policy is a legal contract where a beneficiary is paid with a certain sum by an insurance agency in case of a policy holder’s death. The beneficiary will be designed by the insured individual. The holder can either pay the premiums in monthly installments or in a lump sum.
Life insurance policies may vary. While death is the main trigger for insurance claims, disability or terminal illness may also be possible triggers. This will depend on the insurer or insurance agency.
S&W Insurance Agency wants every client to feel secured for what may come in the future. To check the life insurance plans that we have and their coverage, please talk to us at 703-421-4111.