What if you suddenly weren't around to provide for your family financially? Life insurance can help ensure your family has the financial resources they need if something happens to you. There are two primary types of life insurance - term and whole life.
- Term Life Insurance provides coverage for a pre-defined period of time and premiums can be fixed for that period. It pays only if death occurs during the term of the policy, which is usually from one to 30 years. There are two basic types of term life insurance policies - level term and decreasing term. Level term means that the death benefit stays the same throughout the duration of the policy. Decreasing term means that the death benefit drops, usually in one-year increments, over the policy's term.
- Whole Life or Permanent Insurance pays a death benefit whenever you die - even if you lived to 100! There are three major types of whole life or permanent life insurance - traditional whole life, universal life, and variable universal life, and there are variations within each type.
An umbrella policy is an Excess Liability policy. It covers you and your assets beyond the standard liability coverage of your homeowner's and auto policies. It can be used in many events such as auto accidents, injuries on your property, accidents involving your boat, ATV, or other recreational vehicle, golf course injuries, defense fees and other legal costs, personal injury coverage for claims of libel, slander, and more. Most standard umbrella policies begin with a $1 million liability limit and may cost as little as $140 to $175 year.
Give our agents a call today for a free quote at 801.535.0570 or toll free at 1.800.326.3328 ext. 5700.
Although Deseret Insurance Agency ("DIA”) is a separate and distinct company from Deseret First Credit Union ("DFCU”) the two companies share the common goal to provide first-class services to you. However, DIA and DFCU are separate legal entities and neither is responsible for the products or services offered by the other. Additionally, Insurance products offered by DIA are not a deposit, they are not federally insured, they are not obligations of DFCU, they are not guaranteed by DFCU, and they are not sold by DFCU.