Life Insurance
Our life insurance specialists are the solution you’re looking for if you need life insurance in Winston-Salem and Greensboro. Our life insurance professionals will help you find the best life insurance option for your specific situation. Contact us now to take steps toward improved financial security.
What is life insurance?
Life insurance is an agreement between an insurance provider and a customer that outlines each party’s obligations. The customer agrees to pay a specified amount at scheduled intervals, which is known as a “premium.” In return, the company will pay a lump sum to a designated beneficiary after a specified event (usually the policyholder’s death).
What is the difference between term, whole, and universal life insurance? What are the pros and cons of each?
With term life insurance, the policy owner pays for a certain time period, and the benefits are only available for a fixed period.
Whole and universal life insurance are both permanent, guaranteed for the duration of the owner’s life. The advantages of these types of life insurance include easy access to funds and tax-advantaged growth of wealth.
Each form of life insurance has benefits. To find out which life insurance solution will work for you, speak with our insurance professionals in Winston-Salem and Greensboro.
How does life insurance compare to other investment options?
The pluses and minuses of each investment program will be specific to you, depending on your financial circumstance. If you want to make the correct choice, you must select an experienced financial professional.
Who needs life insurance?
The simple answer? Everyone should buy life insurance.
Why should you buy life insurance?
- Remove the burden of paying for funeral expenses from your family members.
- To cover college tuition, utility bills, food, and other costs of living.
- Paying off mortgages and other outstanding debts.
These only represent a fraction of the reasons why you need life insurance. Learn more about your options by contacting a life insurance professional from Semmax Financial Group.
Insurance Products guarantees are subject to the financial strength and claims‐paying ability of the issuing company, and may be subject to restrictions, limitations or early withdrawal fees. Annuities are not FDIC insured.
