- Tel: +954-840-9924
- rjoassaint@rjmultiservices.com
- 6104 Miramar Parkway, Miramar, FL 33023
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Life insurance policies help provide security to either you or your beneficiaries after you pass away or after a designated period. With a life insurance policy from RJ MULTI SERVICES LLC, you can help secure your family’s financial future by paying for college, paying off a mortgage, covering any final expenses or estate taxes, and more.
There are two main types of life insurance – term life insurance and permanent life insurance. Term life insurance simply covers you for a specified amount of time (10, 20, and 30 year policies being the most common). Permanent life insurance can be broken down into three types: universal, whole, and variable. You can use this tool to get a better understanding of which type of life insurance is right for you.
Term life insurance is typically the most affordable option to protect your family in the event that something happens to you. It’s a policy that covers you for a specific amount of time, or term — typically 10, 15, 20 or 30 years. You make premium payments during the term you’ve selected, and your insurer will pay a death benefit to your beneficiaries if you pass away.
Term life insurance tends to be a more affordable policy than permanent life insurance because it doesn’t build any cash value that you can borrow against or invest and it ends at the term of your contract instead of providing lifetime coverage. If you still need coverage at the end of your term, however, you may be able to renew or convert your policy.
Universal life insurance is more affordable than whole life insurance and can offer cash value growth, along with features that can give you flexibility as your needs change over the years.
Unlike term life insurance that protects you for only a specific duration, whole life insurance offers protection throughout your lifetime.
It’s the most basic type of permanent life insurance that offers consistency along with some predetermined, guaranteed cash value growth.
Variable universal life insurance is a type of permanent protection that offers flexibility and the potential for growth by investing some or all your cash value in subaccounts that are tied to the stock market — similar to how mutual funds are structured.
I founded RJ MULTI SERVICES LLC in Miramar, Florida in 2011 with one goal in mind: to provide my community with better and more efficient services.