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Life Insurance in Minnesota
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In the event of your untimely death, ensuring your family's financial protection is critical. Chaska, MN life insurance is the asset that will help you do that. You can count on the Martinson Agency's well trained staff to help you attain a life insurance policy that is specifically tailored around you and your family's needs.
Some of the most common forms of life insurance include:
- Term Life
- Whole Life
- Universal Life
So what is term life insurance? Term life insurance, unlike whole life insurance, has a set period. At the end of this period, it is up to the policy holder to decide whether to renew the policy or to let the coverage end. This option is comparable to renting an apartment. At the end of the lease you either move out, or renew for another term.
A traditional whole life insurance policy, on the other hand, never runs out. Upon the death of the policy holder, the insurance payout is made to the contract's inheritors. A whole life policy also has a cash value option. This option is more comparable to making a home purchase.
Universal life insurance is a more flexible form of permanent life insurance. It offers the low cost protection of term life insurance while also offering the savings component of whole life insurance. The unique feature of a universal life insurance policy is the fact that the policy holder can review and alter the death benefit, savings component and premium as his or her circumstances change.
Regardless of what type of life insurance you choose, we are able to go over the options and find the best quotes so you can maintain an affordable policy. We're independent agents, working with multiple carriers, for your benefit. Call the Martinson Agency today to learn more about Chaska, MN life insurance.