Life Insurance in McKeesport, PA
You have a family for whom you’re financially responsible. What would happen to your family if you were not there to provide for them? With life insurance in McKeesport, PA, your family would have monetary support. Talk to one of our knowledgeable agents at Allegheny Insurance Agency, Inc. to find out how you can use this type of insurance to secure the future for your loved ones.
For more than 40 years, our insurance agency has been helping customers protect their families and assets. With this component of estate planning, you can look to the future in the short and long term. Our services provide peace of mind for you and yours.
Life insurance comes in two forms — whole and term. Let us explain the differences and help you decide what would work best for you and your family:
- Whole Life Insurance provides a benefit on the death of the insured. This is a type of permanent life insurance, so you don’t have to worry about losing your safety net as you get older.
One of the advantages of this type of policy is the cash value. As you make your payments over time, the cash value of the policy increases. In fact, you can even borrow against it or draw on it for retirement. This insurance provides protection for life as the policy neither expires nor loses its value and the rate you pay is locked in. Plus, the death benefit to your loved ones is guaranteed.
- Term Life Insurance is a fairly straightforward form of life insurance in which the policyholder pays premiums. If the policyholder were to die while the policy is in effect, the beneficiaries would receive the death benefit.
This type of life insurance provides protection and coverage at a lesser price than whole, mainly because it doesn’t have additional fees or maintenance. As life insurance is a long-term commitment, a lower price can be attractive to those on a budget. We recommend term life for anyone who expects to build wealth over time and will not need a financial safety net later in life. This type of insurance expires after a set number of years.
To weigh the benefits and make a sound decision for your family concerning life insurance, we invite you to talk with one of our agents. After learning about your particular circumstance, our agent can show you the numbers that give you clarity in decision-making
Contact us today to plan for your family’s future with life insurance. We proudly serve residential and commercial customers in McKeesport, Pittsburgh, and Western Pennsylvania.