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:

  1. Whole life insurance. With this plan, you'll pay standard premiums throughout your life. Your death benefit is a guaranteed cash value.
  2. Universal life insurance. You'll pay premiums with this plan, too, but your cash value will grow at a declared interest rate.
  3. Indexed universal life insurance. This is similar to standard universal life insurance, but you can allocate a fixed amount as your cash value.
  4. 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.