Life & Disability Insurance

Why You Need Life Insurance and Disability Coverage to Feel Protected

At LBP Insurance, our goal is to provide you with the best coverage to protect yourself and your loved ones. Life insurance and disability coverage are two essential types of insurance that can help ensure financial security in case of unexpected events. Below, we will explain why these coverages are important and how they can give you peace of mind.

Life Insurance: Protecting Your Loved Ones

One of the main reasons to have life insurance is to financially protect your loved ones in case something happens to you. Life insurance provides a death benefit that can help cover expenses such as funeral costs, outstanding debts, and daily living expenses for your family. This coverage can be especially crucial if you are the main provider for your family. With life insurance, you can have peace of mind knowing that your loved ones will not be burdened with financial struggles in addition to their grief.

Term Life Insurance

Term life insurance is only in effect for a specific period of time, such as 20 years or 30 years. If the policyholder dies during the term of the policy, the insurance company will pay the death benefit to the beneficiaries. If the policyholder survives the term of the policy, the policy will expire and the policyholder will no longer have any life insurance coverage.

Whole Life Insurance

Whole life insurance is in effect for the policyholder's entire life. The death benefit is paid to the beneficiaries if the policyholder dies at any time, regardless of when the policy was purchased. Whole life insurance also includes an investment component, which can grow over time.

Disability Coverage: Protecting Your Income

Disability coverage is designed to protect your income if you become unable to work due to an illness or injury. Many people underestimate the likelihood of being unable to work for an extended period, but the reality is that it can happen to anyone at any time. Without a reliable source of income, you may struggle to pay your bills and provide for yourself and your family. Disability coverage can help replace a portion of your lost income, ensuring that you can continue to meet your financial responsibilities while focusing on recovering.

Choosing the Right Insurance Agency

When it comes to life insurance and disability coverage, choosing the right insurance agency is crucial. You want to work with a reputable and trustworthy agency that has your best interests in mind. Look no further than LBP Insurance. We can help you with customizable coverages to suit your specific needs and have a strong track record of providing excellent customer service.

Let LBP help you protect what matters most – your future.