LIFE
Insurance
Insurance is about protecting your family’s future. Barrows Insurance Agency understands your family comes first. With personalized and affordable coverage, Barrows Insurance Agents make it easy for people to protect the ones they love most.
Life insurance can help your family maintain the lifestyle they love and provide long-lasting financial security, should anything unexpected happen to you. It's a great way to plan ahead and protect the future you're building for your family. Barrows Insurance Agency takes the burden off your shoulders of choosing the correct life insurance for your loved ones now and for the future. Our straightforward and transparent style makes it easy for our customers to know they are getting the best policy and plan for their needs.
What is Life Insurance?
Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries when the insured dies.
In its simplest state, every life insurance policy is made of these four components:
Policyholder - The person who owns the life insurance policy and is paying the premiums. Typically, this is the person who applied for and is insured under the policy, but it’s also possible to purchase a policy on behalf of someone else.
Beneficiary - The person(s) or entity, people, business entity, or institution(s) that receive the death benefit if the policyholder dies. You can name one person (or more) as beneficiaries when you purchase a policy.
Premium - The money paid monthly or annually to keep a policy active (or “in-force”) during the term. Payment ensures that the insurance company will provide your beneficiaries with the stated benefit in the event of your passing. If you stop paying premiums, the policy lapses.
Death benefit - The money paid out if the insured person passes away. Death benefits are not subject to an income tax and beneficiaries generally receive the benefit in one lump-sum payment.
WE OFFER:
Barrows Insurance Agency offers a wide variety of coverage options to fit your budget and give you the coverage you need. Below are the types of insurances Barrows Insurances Agency can help with:
Adult Life Insurance
Term Life Insurance
Group Life Insurance
Whole Life Insurance
Permanent Life Insurance
Cash Value Life Insurance
Whole Life Insurance
Universal Life Insurance
Indexed Universal Life Insurance
Accidental Death and Dismemberment Insurance (AD&D)
Voluntary Life Insurance
Group Life Insurance
Guaranteed Issue Life Insurance
Accidental Death and Dismemberment Insurance (AD&D)
Voluntary Life Insurance
Group Life Insurance
Group Life Insurance