{"id":58,"date":"2022-11-30T04:00:00","date_gmt":"2022-11-30T10:00:00","guid":{"rendered":"https:\/\/www.leeinsurancenc.com\/blog\/?p=58"},"modified":"2022-11-30T15:34:39","modified_gmt":"2022-11-30T21:34:39","slug":"life-insurance-provides-protection-for-family","status":"publish","type":"post","link":"https:\/\/www.leeinsurancenc.com\/blog\/life-insurance-provides-protection-for-family\/","title":{"rendered":"Life Insurance Provides Protection for Family"},"content":{"rendered":"<p><span style=\"color:#333333\">Are you concerned about whether or not your family would be financially secure in the event of your passing? Our team of insurance experts at&nbsp;Lee Insurance Agency LLC in North Carolina can help you with your life insurance needs. <\/span><\/p>\n<h2>Life Insurance: The Basics<\/h2>\n<p><span style=\"color:#333333\">Life insurance is a contract between the insurance company and an insured individual. The insurance company promises to pay the designated beneficiaries an amount of money upon the death of the policyholder. Depending on the policy, other events such as a terminal illness can also force payment. <\/span><\/p>\n<p><span style=\"color:#333333\">The policyholder will pay a premium either monthly or make a lump sum payment. The benefits will include final expenses.<\/span><\/p>\n<p><span style=\"color:#333333\">Life insurance policies are legal contracts, in which each contract will describe the limitations of the insured events. Certain exclusions may be written into the contract which will limit the liability of the insurance company. Common examples would include suicide, war, riot, fraud, and civil commotion.<\/span><\/p>\n<h3><span style=\"color:#333333\">Life insurance policies typically fall into two major categories:<\/span><\/h3>\n<p><span style=\"color:#333333\"><em>Protection <\/em>policies are designed to provide a lump-sum benefit, typically, in the event of a specified occurrence. Term insurance is a common form of protection.<\/span><\/p>\n<p><span style=\"color:#333333\"><em>Investment <\/em>policies are meant to facilitate the growth of capital by single or regular premiums. Common forms of this type of insurance are variable life policies, whole life policies, or universal life policies.<\/span><\/p>\n<p><span style=\"color:#333333\">In the event of the passing of the main breadwinner in a household, it is necessary for that person to make sure his or her family is protected with a life insurance benefit. In addition to paying final expenses, it can satisfy a mortgage, pay off other miscellaneous debt, pay college tuition, and enable the family to live without financial worry.<\/span><\/p>\n<h3><span style=\"color:#333333\">Give Us A Call<\/span><\/h3>\n<p><span style=\"color:#333333\">Our insurance experts at Lee Insurance Agency LLC can provide a no-obligation quote or answer any questions you may have. <\/span><\/p>\n<p><span style=\"color:#333333\">If you are looking to add or update your life insurance policy in North Carolina, reach out to us today. We&#8217;ll be happy to help.&nbsp;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you concerned about whether or not your family would be financially secure in the event of your passing? Our team of insurance experts at&nbsp;Lee Insurance Agency LLC in North Carolina can help you with your life insurance needs. Life Insurance: The Basics Life insurance is a contract between the insurance company and an insured [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[14,13],"class_list":["post-58","post","type-post","status-publish","format-standard","hentry","category-life-insurance","tag-lee-insurance-agency-llc","tag-north-carolina"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.leeinsurancenc.com\/blog\/wp-json\/wp\/v2\/posts\/58","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.leeinsurancenc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.leeinsurancenc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.leeinsurancenc.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.leeinsurancenc.com\/blog\/wp-json\/wp\/v2\/comments?post=58"}],"version-history":[{"count":1,"href":"https:\/\/www.leeinsurancenc.com\/blog\/wp-json\/wp\/v2\/posts\/58\/revisions"}],"predecessor-version":[{"id":59,"href":"https:\/\/www.leeinsurancenc.com\/blog\/wp-json\/wp\/v2\/posts\/58\/revisions\/59"}],"wp:attachment":[{"href":"https:\/\/www.leeinsurancenc.com\/blog\/wp-json\/wp\/v2\/media?parent=58"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.leeinsurancenc.com\/blog\/wp-json\/wp\/v2\/categories?post=58"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.leeinsurancenc.com\/blog\/wp-json\/wp\/v2\/tags?post=58"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}