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Life Insurance Options in Connecticut

While life insurance isn't required by law, like auto insurance, it should be considered necessary by everyone in Connecticut, especially by anyone who has dependents. If you're in your 30s and your partner stays home with the kids while they're young, you have a much greater need for a life insurance policy than a single woman whose children have all left home. Your family relies on you to earn an income, whereas the older woman no longer needs to care for anyone but herself. While it would certainly be good for her to have a policy, you would want to have a much larger one so that your family would have the finances to get by if you pass away unexpectedly.

Life insurance falls into two main groups: term life and permanent life. A term life policy expires once its term is up, usually after 10, 15 or 20 years. It's very inexpensive, but once the policy expires, you get nothing back if the individual is still alive. Permanent life policies never expire, as long as you pay the premiums, and they build up a cash value. If you ever cancel it, you get to keep the cash value. However, permanent life policies are more expensive. One way to make sure you get the best price on a life insurance policy is to compare price quotes from several different insurance providers. Your local independent agent in the North Haven, Trumbull and Monroe area can help you choose from the many policies available.

The team at Goodman Insurance Inc. is always available to help you decide which type of life insurance is best for you depending on the season of life you're in. They are on hand to answer all of your questions about life insurance and long term care coverage. Contact them today for more details or to get quotes on a life assurance policy for yourself.