Learning the basic facts is important to know. The meaning of life insurance is a contract with an insurance company that promises to provide your beneficiaries with a certain amount of money upon your death. Deciding to protect loved ones and/or business partners who depend on us with a sufficient amount of life insurance protection is a responsible and caring act. Life insurance can provide those who are left behind with a lifetime of financial security.
The amount of your premium (payments) is based on age, gender, health of the individual, smoker, non-smoker, and the amount of dollars of coverage purchased.
One type of contract offered is a term of 1 year, 5 years, 10 years, 20 years or 30 years in length with a level death benefit and has no cash value, only a death benefit.
Another type is a permanent contract which has a cash accumulation and can be purchased up to the age of 120.
A third type is a universal life policy that has both cash value accumulation and a death benefit and the death benefit and/or cash accumulation can be adjusted up or down throughout the life of the contract, if need be.
GN Agency provides full life insurance policies in the State of New York customized to your needs. It’s always best to talk to a live voice (as opposed to a 1-800 number or through a computer) so your questions can be answered. Contact Harry I. Norton (licensed agent) at (716) 675-5700 (8:30 a.m. – 5:00 p.m.) to discuss your life insurance needs today. You will be talking to the same person each time, not a customer service rep. Harry Norton has demonstrated expertise in the insurance industry with 51 years of experience.
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