Organizing Your Finances

Many people purchase life insurance to ensure money is available to cover funeral costs, mortgage payments, college loans, etc. in the event of an untimely death. In addition, people purchase life insurance as part of a legacy gift to pass on to their children and grandchildren.

Life Insurance In Simple Terms

One of the more popular types of life insurance is term life insurance. It provides protection for a specific period of time (the "term") and pays a benefit only in the event of your passing. You may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

Permanent life insurance provides protection from the time the contract begins to the time when the insurance is needed. As long as you pay your insurance premium, the full-face amount of the policy will be paid out. Permanent life insurance also accumulates a cash value and is priced for you to keep over a long period of time.

Choosing the Right Life Insurance

Before you purchase life insurance, it is critical to determine the payout amount you will need, and the type of life insurance that makes sense for your particular situation. It is in your best interest to meet with a qualified and licensed life insurance professional to help you make these decisions.

CMA Health Agency is an independent agency with trusted relationships with dozens of insurers. Call our CMA team at 855-258-2580, or email us at