Life Insurance in Texas

People generally don't like to think about life insurance and you're probably no different. After all, life insurance is all about what happens when we're no longer around. However, having good life insurance means that your family, your employees, and those who depend on you will be able to continue living and working in the same way and the same place after you're gone.

Benefits of life insurance

1. Replacing income. One of the prime advantages to having life insurance is to replace the income of a spouse, parent or partner when that person passes.

2. Security. Knowing that your loved ones will be protected financially when you die also offers most people a great deal of security and peace of mind.

3. Tax benefits. Insurance settlements are not taxable for your heirs, unlike inheriting money, property or business ventures.

4. Cash value. Some types of life insurance carry a cash value and can be used to help augment your retirement savings (when you'll likely need less life insurance).

There are a variety of life insurance products on the market today, each designed to serve a market. Obviously, young families need different insurance from a retired couple who have paid off their house and whose children have left home and are self-supporting. A good insurance agent can help you choose the type of policy and the amount of insurance that's right for you and those you love without your having to pay more in premiums than necessary.

To learn more about getting the life insurance you need to protect your family and those who depend on you, contact Rickey McGill Insurance Agency in Arlington, TX. We've been helping Texas families and business owners like you for more than 40 years.