Life Insurance in San Antonio, TX
Life insurance is a contract in which a policyholder agrees to pay premiums to an insurer in exchange for a death benefit, a sum of money that designated beneficiaries may claim upon the insured person’s death.
Texas Associates Insurance is here to help explain the benefits of life insurance and help families in our community explore affordable policy options.
What Are the Benefits of Life Insurance? 
Life insurance may provide financial stability for your loved ones. Key benefits include:
- Income replacement
- Money to cover outstanding debts or mortgage
- Funds for education or future expenses
- Support for final expenses and estate planning
What Are My Policy Options?
Life insurance policies generally fall under two main categories:
- Term life insurance may provide financial protection for a specific number of years. These policies are typically straightforward and have lower premiums. They are often used to cover temporary needs, such as income replacement or paying off a mortgage. At the end of the term, policies may be renewed or potentially converted to a permanent policy.
- Permanent life insurance may cover the insured for their entire life, provided premiums are up-to-date. Some policies can build cash value over time and are suited for long-term financial goals, estate planning or leaving an inheritance.
Do People Without Dependents Need Life Insurance?
People without dependents may find life insurance valuable for several reasons. It may help settle outstanding debts and cover end-of-life expenses, including burial and funeral costs. Life insurance can also serve as a way to leave a legacy to a charity or meaningful cause. Additionally, policies with a cash value component can later be used to supplement retirement income or cover long-term care expenses.
Contact Our Agency
Texas Associates Insurance can help Texas residents make informed decisions about life insurance. Contact us today to learn more.