When someone depends on you financially, life insurance becomes essential. A policy is designed to protect your loved ones in the event of your untimely death. Parker Preferred Insurance in McKinney, TX offers multiple policies that are designed to meet your needs. Here are a few of the ones we offer:
Our term life insurance policy is not only reliable but also straightforward to understand. It only offers a death benefit that your beneficiary will receive upon your passing.
Term life is suitable when you are raising a family, in college, and servicing debt. Once your children are adults and employed, you can switch to our whole life coverage as a way of passing on your wealth.
Our term life has two benefits, convertibility and renewability. It is a beneficial feature in case of:
Our whole life insurance covers you for life. Also, it has cash value, meaning it grows with time and can be invested, withdrawn, or used to borrow loans. In case you retire, you can also use it to pay future premiums.
Whole life premiums are typically higher than term life because of the cash value feature and the more prolonged period of coverage. We understand that you may want to change your premiums to build cash value with time, and we are happy to discuss this with you.
Some lending institutions may require you to have credit life coverage to pay the loan in case you depart. We provide this coverage to Texas residents. Our credit, accident and health policy pay the loan balance if you fall sick or injured and become unable to pay.
Group life coverage is paramount for employers and other organizations. It covers everyone in the group regardless of their health status and age. If you need a life insurance policy, contact Parker Preferred Insurance in McKinney, TX. Our professional Texas agents will guide you through the process and help you get started on a life insurance policy.
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