Life Insurance

Having a conversation about life insurance can sometimes feel uncomfortable. That is because a lot of people would rather not think of death. But while it may feel like a serious conversation, it is necessary. At Salmon Insurance, serving the residents of Utah, we want our clients to feel comfortable and informed when talking about this issue. That is why we walk you through your life insurance options.

Whole Life Insurance

A common type of life insurance to think about is whole life insurance. You receive coverage for your whole life when you purchase this type of insurance. It also comes with a cash value component that enables your loved ones to get more benefits when you pass away. But besides that, whole life insurance can make a good retirement plan as policyholders can obtain some cash for personal use.

Term Life Insurance

Term life insurance coverage is meant to cover a specific number of years, hence the name. After your death, your loved ones receive a death benefit which they can use for various expenses. However, your beneficiaries only receive the payout if you pass away within the policy term. The good thing is that if you outlive your policy, you can change it to permanent life insurance, extending your coverage.

Universal Life Insurance

Universal life insurance is also a type of permanent life insurance with a cash value component. But the difference is that it has flexible premium terms. So if you are financially strained and want to reduce your premiums for a while, this policy allows you to do that.

Life insurance ensures that your beneficiaries will not be financially strained after your death. If you reside in Utah and want to secure the financial future of your loved ones, get in touch with Salmon insurance. We will be happy to answer any questions about life insurance and help you choose a policy that meets your financial needs.