Call Us 614-878-0240 ☰ ˟
  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
    • Farm
    • Homeowners
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Watercraft & Boat
  • Claims
    • Automobile
    • Business & Commercial
    • Homeowners
    • Motorcycle
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Free Reports
    • Insurance Glossary
    • Frequently Asked Questions
  • About Us
    • About Gilles Smith Purdum Insurance Agency, LLC
    • Location Map
    • Employee Directory
    • Partners
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Logo
Business
Auto
Home
Life
Home > GSP Insurance Ohio

Life Insurance


Life Insurance Information

There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.

Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

There are so many new products that can fit any budget.  Have you heard of the Return of Premium term policy, great policy, you pay for the term you select and then at the end of that term we give you a check back for all the premiums you paid into it, if you should die during the term then your beneficiary collects the death benefit.  If you should develop a health issue that makes finding life insurance difficult at the end of your term you can opt to take the paid up life insurance instead of the return of premium.

In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time. We can now offer a final expense policy for those that may not be healthy enough to qualify for any other form of life insurance.  

It's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your unique circumstances and financial goals.

But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional.  Here at Gilles Smith Purdum Insurance, we do a complete review to see what your needs are and then find the coverage to fit your budget.   The key is to have protection for your family.

Below is a great calculator if you would like an estimate.  

No Time?  Just give us your contact information and we will contact you!

  • Link to request a Quote!
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Mission Statement Gilles Smith Purdum Insurance Agency’s mission is to help past, current, and future clients to better understand the purpose of insurance by educating them about their financial risks and how to protect themselves by minimizing those risks. To help them understand concepts and empower them to make educated choices regarding their coverage and policies and to help guide them during the decision-making process. We strive to provide our clients with the best service, coverage, and competitive prices by partnering with insurance carriers that share our vision of a truly consultative approach to being an Insurance Agent.

333 Norton Rd.
Columbus, Ohio 43228

Ph: 614-878-0240
Fx: 614-878-8445
E: info@gsp-insurance.com


Social Social Social Social
Grove City Chamber of Commerce Social Social

Ohio Insurance Agents Trusted Choice AmSpirit Business Connections

 

 

Home Get A Quote Claims Blog Make a Payment About Us Meet Us Contact Us Instructional Videos

Powered by Insurance Website Builder