While there are different types of life insurance policies, they all accomplish the same goal: pay the death benefit to the policy holder’s beneficiaries. Additionally, wage earners buy life insurance to make up for lost income in the event of their early death, so their family members are protected.
Term Life Insurance
Premiums are level for period of policy or increase every year. There is no cash value or investment vehicle attached to this policy. This plan is the most affordable and provides the best value, dollar for dollar.
Whole Life Insurance
Premiums are level for the life of the policy. It offers a cash value that is builds based on the premiums paid in and paid up additions. This policy is the best used for estate planning purposes for wealthier individuals or older members of the population.
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Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.
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