Life Insurance

Life insurance is one of the essential tools to include in your financial toolkit for peace of mind. At Allwood Forlenza Agency, we are here to help you alleviate your financial stress with our tailored insurance policies.

What Is Life Insurance?

Life insurance is a contractual policy that offers financial assistance to your beneficiaries in the event of your passing. This coverage helps ensure that your loved ones are supported financially during a challenging time, making a positive difference in their lives.

What Are the Three Main Types of Life Insurance?

Life insurance is a crucial part of financial planning, providing security for you and your loved ones. The following are the three main types of life insurance:

1. Term life insurance—This type of insurance provides coverage for a specific period, such as 10, 20 or 30 years. It’s generally more affordable and straightforward, making it a popular choice for those seeking temporary coverage.

1. Whole life insurance—Offering lifelong coverage, whole life insurance includes a savings component known as cash value, which may grow over time. This type of policy may be more expensive, but it can provide both a death benefit and a savings element.

1. Universal life insurance—This flexible policy combines the benefits of term and whole life insurance. It may allow you to adjust your premiums and death benefits, and it may include a cash value component that can earn interest.

Work with our insurance experts to find and select a policy that aligns with your needs, goals and financial plan. Our team will be glad to guide and advise you throughout the entire process, ensuring that you end up with a policy that is best for you and your loved ones. 

We’re Here to Help

Contact Allwood Forlenza Agency today to explore your options and get a tailored quote.