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Life Insurance in Florida
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Life insurance is not fun or exciting, which is why most people don’t enjoy talking about it. However, nothing can be further from the truth. Life insurance is an integral part of financial planning and management making it vital for life. James Harmon Insurance Agency, located in Gainesville, FL, is dedicated to helping you move beyond procrastination and safeguarding your future.
Why You Need Life Insurance
Our life insurance coverage ensures your loved ones are not adversely affected by your passing. With a life insurance policy in place, they will be financially secure and can:
- Offset your debts
- Leave your children with finances to cover education and life.
- help with a retirement plan
Types of Life Insurance
We offer two primary common types of life insurance: whole life and term life.
Whole Life Insurance
Whole life insurance is a lifetime policy. It’s an agreement between you and your agency to pay a certain amount of money to your beneficiary upon your demise in return for regular premiums. Our policy also comes with a cash value.
Our whole life insurance has the following benefits:
- Death benefit is tax-free
- Premiums are constant unless you want to add fund to build cash value
- You can get cash surrender value
- You get dividends
Term Life Insurance
Term insurance is an agreement between you and us to pay money to your beneficiary in case of your death over a specified period, usually between 10 and 30 years, in return for regular premiums.
While term life insurance doesn’t have cash value or dividends, it has the benefit of being affordable. It is suitable for anyone who needs coverage for a short period or on a budget.
Our life insurance covers follow the Florida laws and regulations, such as:
- 10-day policy free look
- 30 days grace period for premiums
- Timely payments, usually within a month
- Policies covered by Florida Life and Health Insurance Guaranty Association
At James Harmon Insurance Agency, we provide life insurance policies to Gainesville, FL residents, and the entire state of Florida. Call us today to get a quote or visit our offices to learn more about a policy.