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Life Insurance in Pittsburgh, PA

At Neofes Insurance Group LLC in Pittsburgh, PA, we’re committed to helping you navigate the various life insurance options available to ensure your family’s future financial stability. Contact us today for a life insurance quote.

Understanding the Basics of Life Insurance

Life insurance is a contract between you and the insurance company designed to provide a lump sum payment to your beneficiaries upon your passing.

There are many types of life insurance, all of which fall into one of the following categories:

  • Term life insurance provides coverage for a specific period, typically 10, 20 or 30 years. Beneficiaries can apply for the death benefit if the insured person dies while the policy is in force. If the insured person is alive when the policy expires, it terminates automatically.
  • Permanent life insurance also provides a death benefit that beneficiaries can apply for when the insured person dies. This type of coverage may also provide an investment component known as the policy’s cash value. It’s typically more expensive than term coverage but can offer long-term financial advantages.

Factors Influencing Life Insurance Costs

The premium you pay for life insurance is influenced by several factors, including the following:

  • The insured person’s age and health status
  • Lifestyle choices such as smoking or high-risk occupations and hobbies
  • Coverage type and amount

Your agent can help you choose life insurance that offers appropriate coverage and fits your budget.

Contact Us

Your financial situation and needs are unique—we believe your life insurance should reflect that. Our expert advisors work with you to tailor a plan that fits you perfectly. Contact Neofes Insurance Group LLC today to explore your life insurance options and get quote.

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