This press release was originally distributed by ReleaseWire
Trappe, PA – (ReleaseWire) – 10/30/2022 – Family-owned Kelly Insurance Group offers life insurance to protect families in Phoenixville, Limerick, Collegeville, Royersford, Skippack, Trappe and surrounding areas. Nobody likes to consider their own mortality, but life insurance is for loved ones who are being left behind to reduce their financial worries.
Life insurance is a topic that many people don’t like to talk about because it means they are thinking about a future in which a loved one is gone. However, if nothing is put in place, then those who remain could have a financial burden. Life insurance aims to ease this burden during and after the grieving process.
How much life insurance will a person need? The age-old “it depends” answer applies here, but there are a few things to consider. The first is the cost of funeral and burial, and how that will be paid for. Then come any outstanding debts that would remain, especially a mortgage on a house. Finally, income replacement for the deceased family member is an important consideration. All of these will affect the amount of life insurance coverage needed.
It is important to understand the two main types of life insurance: term life insurance and cash value.
– Term life insurance is generally less expensive. It provides coverage for the amount purchased for the term of the policy and does not create cash value to be used later.
– Life insurance with cash value is usually more expensive, but it offers the possibility of building up a cash reserve that can be used in the future.
Since each insurance company varies in their policies, it’s a good idea to have a knowledgeable partner to help you determine the right life insurance to meet your needs. An independent insurance agency like Kelly Insurance Group works with many insurance companies and can help answer questions from potential policyholders.
Kelly Insurance Group is a family-owned agency that prides itself on caring for its clients and their families. Providing the right life insurance options is part of their commitment to providing the right protection.
About Kelly Insurance Group
Kelly Insurance Group has been providing smart, affordable risk management solutions for personal and commercial customers since 1984 in Phoenixville, Limerick, Collegeville, Royersford, Skippack, Trappe and surrounding areas. Visit www.kellyins.com to find out more.
For more information on this press release, visit: http://www.releasewire.com/press-releases/life-insurance-to-protect-families-offered-by-kelly-insurance-group-in-phoenixville -limerick-collegeville-royersford-skippack-trappe-and-surroundings-1365732.htm
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