Looking Into Life Insurance Plans?
Let Our Advisors In Richmond, TX Guide You
There are so many different life insurance plans out there, how can you know which one is best for you? Working with a professional financial advisor can lead you in the right direction. Next Generation Retirement Solutions offers financial planning services to help individuals in the Richmond, TX area plan for retirement and life ahead.
It's our goal to help you understand your options through and through.
Get in touch with us today to set up your free consultation.
4 Main Types Of Life Insurance
Finding the right life insurance plan is crucial for your financial future. There are four main types for you to consider:
- Whole life insurance. With this plan, you'll pay premiums throughout your life. Cash value builds up, and your death benefit is tax free.
- Universal life insurance. You'll pay premiums lower than whole life insurance.
- Indexed universal life insurance. This is similar to standard universal life insurance, but is also used for tax free retirement purposes.
- Term life insurance. This is a life insurance plan that is designated for a set period of time. These are typically anywhere from 10 to 30 years.
Choosing the right plan doesn't have to be daunting. Come to us for financial planning services now.