Life Insurance

Life Insurance from Harris Insurance

In the event of a death, we know that it is crucial to take care of our family. That is why Harris Insurance is focused on protecting and helping families plan for when loved ones pass away.

People sometimes put off talking about organizing life insurance, as though death is only reserved for older people. Unfortunately, death is a reality for everyone, and life insurance can give you peace of mind and make it easier for your loved ones, as they mourn and eventually move on with their lives.

Why Choose Life Insurance?

• Financial Protection: Life insurance ensures that your family is financially protected in the event of your untimely passing. It provides a tax-free lump sum payment (the death benefit) to your beneficiaries, helping them cover funeral expenses, outstanding debts, and maintain their quality of life.
• Income Replacement: If you are the primary breadwinner in your family, life insurance can replace lost income, allowing your loved ones to continue meeting their financial obligations and achieve their dreams even after you are gone.
• Debt Settlement: Life insurance can be used to settle outstanding debts such as mortgages, loans, and credit card balances. By alleviating financial burdens, your family can focus on healing and moving forward during difficult times.
• Estate Planning: Life insurance plays a crucial role in estate planning, ensuring that your estate is passed on to your heirs as you intended. Once you've acquired some assets, purchased a home, or started a family, it's time to consider life insurance in estate planning.
• Business Continuity: For business owners, life insurance can help ensure the continuity of the business in case of the owner's unexpected demise. It can fund buy-sell agreements, facilitate smooth ownership transitions, and provide financial stability to the business.

When is a Good Time to Buy Life Insurance?

There is no better time than now to buy life insurance. You do not need to be married, starting a family, or thinking about retiring. In fact, the younger you are, the more affordable the life insurance policy you can buy. Your insurability decreases as you age, as you become a bigger and bigger risk to insurance companies, especially if you are on medications or have a history of health issues.

Nobody wants to lose a loved one, but we all must accept that deaths will occur along the way. Illnesses, accidents, and tragedies happen, and the best we can do is hope for the best while preparing for the worst.

Our Life Insurance Solutions

• Customized Solutions: Tailored life insurance plans to fit your needs and provide optimal coverage.
• Expert Advice: Knowledgeable insurance professionals who will answer your questions and guide you towards the right policy.
• Top-Rated Carriers: Partnerships with reputable insurance carriers to offer you the best possible options.
• Exceptional Service: A commitment to outstanding customer service and support throughout the entire process.

• Term Life Insurance – This might be the most common kind of life insurance that consumers hear about. It is usually the lowest cost and covers a set period, referred to as a term. Typically, a term may be a single year or could run as long as 10, 20, or 30 years. The significant benefit of term life insurance is that it will provide for the family of the deceased, covering burial expense as well as future mortgage payments and lost income.

• Whole Life Insurance – Also known as permanent life insurance, whole life insurance locks in benefits for protecting your family, and it has a cash value accessible in an emergency. You can normally buy whole life insurance between 45 and 85 years of age without a medical exam or too many questions. It is also useful for those on a tight budget or fixed income.

• Universal Life Insurance – Very similar to Whole Life as it builds cash value. One of the benefits of this plan is that it has flexible premiums and benefit amounts, so you can adapt it as your needs change. It is possible to build cash value on a tax-deferred basis, which might be useful for building something like retirement or a college fund.

• Level Term Insurance– This is a term life insurance that locks in the premium and death benefit for a specified period of time, 5. 10. 15. 20, even 30 years or longer. The policy guarantees a specified amount that will not change during a specific period.

• Key Person Life Insurance – Also known as key man insurance, key woman insurance, and business life insurance, this plan is a policy that a company can purchase on the life of a mission-critical businessperson, such as the owner or a top executive. It provides that the beneficiary can be the business, the insureds family or both to help curb the loss of an irreplaceable employee or executive.

• Mortgage Protection Insurance – This type of life insurance is designed to pay off the entirety of a remaining mortgage, if the mortgage holder passes away. Similar to Term Life but may also be structured specific to a mortgage payoff reduction over time. Some riders may also cover mortgage payments for a period if the holder becomes disabled.

• Second to Die – Sometimes called survivorship life insurance, this refers to joint life insurance for couples. The policy triggers payout upon the passing of the second named insured. Upon both insureds passing, the policy pays out, typically shielding heirs from estate and inheritance taxes.

In addition to multiple types of insurance, our life insurance team can offer you numerous riders and options to further customize your life insurance policy. Get in touch with us today for life insurance quotes or more details.

Get the Life Insurance Quotes You Need

We have licensed experts in the insurance industry who can explain details for your situation, or even hypothetical scenarios to inform you and make you more comfortable with your choice of life insurance protection. Established in 1965, our insurance Agency is not only there for you in a crisis. We believe in lasting, meaningful service, which means that you can rely on us to be by your side from the moment we make acquaintance. We will keep you up-to-date with any possible policy changes or changes to the law, ensuring continuous coverage.

Whether you need life insurance quotes or just clarification and advice, you can rely on Harris Insurance, one of the premier life insurance companies in Florida. Our dedicated and knowledgeable team is ready to help put your mind at ease.