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Kempton Insurance Group

7427 Matthews Mint Hill Rd
Suite 105-356
Charlotte, NC 28227


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Types of Life Insurance

It’s important for many people to have life insurance to help those who are left behind. If you are thinking about life insurance, there are two main types that you can choose from. If you want to know more about life insurance, call us at Kempton Insurance Group in Charlotte, NC. 

Life Insurance: What You Need To Know

Whole Life Insurance

Whole life is a type of insurance that you can keep for the rest of your life. As long as you continue to pay your premiums, this insurance will stay in effect. This is especially helpful as you get older and getting a new policy could be extremely expensive. With whole life, the premiums tend to be a bit higher than with other insurance, but many people like that the insurance company can’t cancel the policy unless you stop paying for it. With this type of policy, you also get a cash value for your insurance that builds up over time. That’s money that you can borrow against if you need to. This can be highly useful if you ever have a financial emergency and need access to money.

Term Life Insurance

With this type of insurance, it is good for only the amount of years in the term. The policy outlines how many years the policy is good for, and you continue paying for that amount of time. After that, the policy is canceled. If you want to be insured after that, you have to apply for a new policy. Many people like this kind of insurance because it tends to be less expensive than a whole life policy. 

Contact Us Today

Whether you are interested in a whole life or a term policy, it’s important to have life insurance in place for your loved ones. To get started, call us at Kempton Insurance Group in Charlotte, NC.

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