Life Insurance
Life Insurance
for Odessa, Midland, TX & the Surrounding Areas
Life insurance isn’t a subject that many people like to think about, but without it, you are potentially putting your loved ones in financial jeopardy. Once you have passed, your family will be met with expensive funeral costs on top of keeping all the normal bills paid without your income at their disposal. The right insurance policy will pay off the memorial expenses while also giving your family money to help ease the transition to life without you. At Vickers Insurance, we will work closely with you to understand your needs and determine the best policy for your family’s specific needs.
The Region's Trusted Source for Versatile Life Insurance
Our team takes a versatile approach to life insurance. In fact, we offer a full suite of coverage options to best suit your lifestyle and your budget. These include universal life insurance, whole life insurance, and term life insurance policies. The first two options should be viewed as a long-term investment opportunity that will accrue cash value while the latter serves more as a budget-friendly but risky means of compensation for one or a few particular uses. It can feel difficult to make decisions about life insurance coverage, especially considering that none of us enjoys thinking about our deaths. If you put your faith in our agents, however, we will use all the information we can gather about your circumstances to guide you towards the best option. Take a look at the following section to get a better sense of our current offerings.
UNIVERSAL LIFE INSURANCE
This permanent form of life insurance includes an investment savings element, along with low premiums. Generally, universal life insurance policies include a flexible premium option, as well.
WHOLE LIFE INSURANCE
With whole life insurance, the insured party remains covered for their entire life. Whole life coverage includes a death benefit, along with a savings component where funds may accumulate.
TERM LIFE INSURANCE
Term life insurance guarantees the payment of a specified death benefit during a specified term. When this term expires, the policyholder may renew for another term, upgrade to permanent coverage, or end the policy.
Many people avoid life insurance due to the expense, but this is potentially a dramatic mistake when you consider the financial hardships facing your family if you are no longer around. Not only will we make sure you have the coverage you need, but we will also make sure you have a full understanding of your life insurance policy. We have answers to all of your questions and will make sure you are confident with your policy in place.
Explore the Benefits of Modern Life Insurance
Nearly half of all Americans do not have some sort of life insurance policy as they assume it'll be too expensive. No matter your income level, life insurance is a great policy for everyone to take advantage of as it can ensure that your loved ones are able to make ends meet after you pass away. There are many benefits of purchasing a life insurance policy, including:
- Payouts- Life insurance payouts aren’t considered income for tax purposes and beneficiaries don’t have to report the money when they file their taxes.
- Living Expenses- Depending on the policy you choose, your beneficiaries may not have to worry about their living expenses and other living costs as you pass away.
- Burial Expenses- Burial expenses are not cheap. A life insurance policy can be used by your beneficiaries to pay for your burial expenses instead of having to use their own savings.
- Retirement- Some policies accumulate cash value in addition to providing death benefits which you can use to cover other expenses, including buying a car or paying for a down payment on a house.
If you are in need of life insurance in the Midland or Odessa, TX areas, rely on the team at Vickers Insurance. Contact us today for more information or to purchase a policy.
Schedule an Upcoming Consultation With Our Life Insurance Agents
Thanks to our contemporary life insurance plans, it's never been easier to ensure the financial security of your family. At Vickers Insurance, we've developed a full suite of life insurance coverage options that are offered at some of the most competitive rates in the Odessa and Midland, TX region. All you have to do is contact our insurance agency today to request a quote! We urge you to sit down with our insurance agents today to go over your needs and options!
