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Life Insurance

Budget-Friendly Life Insurance in Lexington KY

lexington-ky2Prepare for the unknown properly with budget-friendly life insurance from Kentucky Health Solutions in Lexington, Kentucky. Our independent agency offers a variety of policies to ensure you have adequate coverage that won’t break your budget.

Foundation of a Financial Plan

Many financial experts consider life insurance to be the foundation of a sound financial plan. In fact, it’s an important tool for:

  • Paying Final Expenses, such as Burial & Others
  • Creating an Inheritance for Your Heirs
  • Educational Funding
  • Replacing Income for Dependents
  • Paying Taxes, Debts, & More
  • Making Significant Charitable Contributions

Two Types

lexington-kyThere are two major types of life insurance, term and permanent life. Like the name says, term life provides you with coverage for a specified amount of time, such as 10, 15, 20, or 30 years. Considered the simplest form of life insurance, term life pays only if death occurs during the term of the policy, which is usually from one to 30 years. Most term policies have no other benefit provisions.

Permanent life insurance, on the other hand, encompasses either whole or universal life. This policy pays a death benefit whenever you die, even if you live to 100 years of age! In most cases both the death benefit and the premium are designed to stay the same (level) throughout the life of the policy. Because whole life and universal life insurance policies differ, we recommend talking with one of our agents to learn more.

Contact us to purchase one of our life insurance policies and achieve peace of mind.