Life Insurance for the Protection of Your Family’s Future

Do you wonder about the financial security of your family after you pass? Make sure they can continue to live as they always have. A life insurance policy from Johnsen Insurance, serving the Baraboo, WI area, will provide the security you desire for your family.

Unless you have enough wealth for them to maintain their current standard of living, life insurance is a necessity. It protects them from disastrous financial losses if something happens to you. Not only does it provide financial stability, but it also pays off debts, and helps with day-to-day living expenses, medical bills, and final expenses.

There are three common types of life insurance:

Term life insurance is the simplest form of life insurance. You pay a premium for a designated period of time, usually 10 to 30 years. If you pass during that time, a cash benefit is paid to your family or your designated beneficiary.

Whole life insurance is sometimes called “straight life”, or “ordinary life” and it remains in force for the insured’s entire life as long as the premiums are paid, or to the maturity date of the policy.

Universal life insurance is a type of permanent insurance. With a universal policy, the insured is covered for the duration of their life as long as any requirements of the policy are maintained, and the premiums paid. The policyholder can only use the cash value of the policy while they are alive. Unlike term insurance, it can accumulate interest-bearing funds like a savings account. Premiums and death benefits can be adjusted, and policyholders can pay additional toward their premiums and receive interest payments on the excess.

Contact Us Today

Make sure your loved ones are financially secure in the event of your passing. Contact the professionals at Johnsen Insurance in Baraboo, WI today for a quote. You will be glad you did.