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Welcome to 1st Choice Insurance!
1st Choice is the Best
Choice for your insurance needs!
What is Life
Insurance?
Life insurance is a
financial resource for your loved ones in the event of your death.
You enter into a contract with an insurance company that promises to
provide your beneficiaries a certain amount of money upon your death.
In return, you make periodic payments, known as premiums. The size
of the premiums is generally based on factors such as your age, gender,
medical history, and the dollar amount of life insurance you select.
Some policies may require a medical exam before premiums are
established.
What are the basic
types of life insurance?
There are two major
types of life insurance - term and whole life. Whole life is
sometimes called permanent life insurance, and it encompasses several
subcategories, including traditional whole life, universal life,
variable life and variable universal life. Term Insurance
is the simplest form of life insurance. It pays only if death
occurs during the term of the policy, which is usually from one to 30
years. Most term policies have no other benefit provisions.
Whole life or permanent insurance pays a death benefit
whenever you die - even if you life to 100! There are three major
types of whole life or permanent life insurance - traditional hole life,
universal life, and variable life, and there are variations within each
type. 1st
Choice offers a wide range of insurance coverage including:
- Life
- Auto
- Boat
- RV
- Health
- Homeowners
- Commercial
- Motorcycle
- Major Medial
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