Life Insurance

Your premier Texas Life Insurance provider.

Do you need to protect your family’s finances, start saving for retirement, supplement your retirement income, or preserve your wealth? If you’re married with kids and a mortgage, there’s a lot to protect. If something should happen, could you or your spouse and family live without that salary?

Life insurance can be purchased at any stage in your life. For single professionals just starting out, it might be wise to invest in life insurance now. The younger you buy, the better off you’ll be. If you’re nearing retirement with kids already out of college, there are options for you, too. Careful estate planning could mean the difference between having a financial legacy for your children and having to pay the bulk of it in taxes.

The Clements Insurance Group, LLC, can help you understand the difference between term vs whole life insurance and guide you in choosing life insurance that is best for you and your family.

Term Life Insurance

You may be concerned about term life insurance cost. Term life insurance is the most basic and least expensive. Term life insurance coverage is purchased for a set time, such as 5, 10, 15, 20 or 30 years. If you die before the term is over, your beneficiary gets the stated benefit. If you live beyond the term, the policy expires. Coverage, however, can be extended in many policies, depending on certain restrictions and limitations. You can usually convert to a permanent policy. We can help you find low cost term life insurance that fits your needs and budget.

Permanent life insurance

As long as premiums are paid, a permanent life insurance policy remains in force and typically has no expiration date. Premiums are usually based on your age at the time of purchase. Besides providing a death benefit, permanent life insurance offers cash value accumulation benefits.

Long-term care insurance

Planning ahead includes preparing for the unthinkable: a health crisis. Failing to plan can send families into a tailspin from which they may never recover. Don’t get trapped in such a distressing situation. The right plan can be tailored to cover in-home care, pay for nursing-home facilities and hospice care. There are many options to consider when purchasing long-term care. At the Clements Insurance group, LLC, we guarantee a knowledgeable representative can assist you in tailoring a plan for your specific needs.