A variety of life insurance options are available, but there are two basic categories: permanent life insurance and term life insurance. At Ginsberg Agency, we help our clients in Suffolk County, NY and Nassau County, NY find the best rates for their insurance needs.

Types of Life Insurance Coverage

Term life insurance offers coverage to meet temporary needs. The policy is in effect for the term, or time period of the policy and benefits are only paid when a death occurs during that time period. This may be the right option when the need for coverage disappears after a certain time, such as when the kids graduate from college or the mortgage is paid off.

Permanent life insurance offers protection for life, as long as you continue to pay the premiums. This type of insurance accumulates cash value and is priced for a longer period of time.

The right type of insurance depends on your own financial goals and situation. The best way to determine the coverage you need is to meet with a licensed life insurance professional. Contact Ginsberg Agency to speak with a life insurance agent.