Started back in 1858, the Monumental Life Insurance Company has provided policyholders and consumers with improving their quality of life. Although not offered in all states, Monumental Life does provide life and health insurance to meet the basic needs of American families. These include insurance products to assist in funding an education, replacing an income or mortgage and provision for supplemental retirement income. Monumental Life even offers basic insurance to cover final expenses.
The people at Monumental Life Insurance really do care about helping people plan ahead and prepare for life’s unexpected twists and turns. Insurance is one of the best ways to make sure that a family is ready for any eventuality and is able to remain financially sound throughout just about anything life may present. In this way, Monumental Life is able to help families improve the quality of their lives.
One of the most basic types of insurance is life insurance. Monumental Life Insurance offers several different types of life insurance including term life, whole life and interest sensitive whole life insurance policies. Their term life policies pay beneficiaries a lump sum when the insured dies. Term life insurance has no cash value, is temporary and intended to cover only a certain length of time and end after the specified term is complete. It’s good, low-cost, basic insurance for those who want to make sure their loved ones are cared for once they’re gone. This type of insurance is great for those who want to leave enough money to pay off a mortgage, provide an education or pay off any outstanding debts or financial commitments in the event of untimely death.
Different than term life insurance, whole life insurance provides insurance over an entire lifetime. This type of insurance pays not only death benefits, but also offers cash value which can add up over time tax-free. This cash value may also provide opportunity to access cash through low-cost loans based upon the cash value of the policy. The cash value may also be converted over into a source of income when reaching retirement which would also end the insurance protection provided by the policy. Whole life insurance may provide lifetime income for a surviving spouse, replace a term life insurance policy after it expires or replace income until children are grown. Monumental Life Insurance is in the business of helping families prepare for the future and preserve the American way of life.
The folks at Monumental Life Insurance are ready to help you regarding any insurance needs. They are available to help assess the current, as well as future needs of your family. Protection and provision are two things that the right amount of insurance will take care of. Adequate insurance helps protect families, relieve them from the worry of possible financial disaster and allow dreams to be transformed into reality. Whether you’re in the beginning stages of life, working to provide for a family or facing retirement–take some time to assess your current and future insurance needs.