Freedom Life Insurance is a company that is based in Fort Worth, Texas, yet has a national reach in its offerings of life insurance products. It is very customer conscious and takes great pride in is customer service and innovative products.
When it comes to life insurance, there are two fundamental types and it is important that people understand what they are and how they are utilized. Term life insurance is a short-term policy that will eventually expire.
This type of policy is usually issued for 10, 15, 20, and 30 year periods, or terms of time. Term insurance is the least expensive type of life insurance because of its temporary time span of coverage. Read more: http://healthdepotassociation.com/carriers/flica-national-foundation-life-insurance-company/
Term life insurance is used for temporary needs such as covering a family with young children who will eventually be grown and the need for life insurance will be less. It is also used for mortgage coverage and short-term debt. Many term life policies have a conversion feature where the policy can be changed to a permanent policy. Learn more about Freedom Life Insurance: http://www.whitepages.com/business/freedom-life-insurance-co-of-america-fort-worth-tx
Permanent life insurance covers a person as long as he or she lives. It has a fixed premium and a cash value that accrues from within the policy. The cash value can be borrowed against with interest at any time that there is any cash value in the policy. The policy can also be surrendered and the cash value will be paid to the policy owner. Learn more about Freedom Life Insurance: https://www.superpages.com/bp/fort-worth-tx/freedom-life-insurance-co-of-america-L0106853427.htm
Both of these forms of life insurance can also be combined into one plan for the purposes of budget reasons and the brevity of having an overall plan. The licensed and trained agents of Freedom Life Insurance are experts at designing just the right plan that will fit the needs of the customer.
Freedom Life Insurance is very conscious of the servicing needs of their customers and takes great pride in being available at all times for this purpose.