Life Insurance
Experienced in various types of life insurance. We understand life insurance can be a difficult decision to make, Let our experts help you decide what's best for you and your family.
Get A QuoteWhat is a Life Insurance policy?
A life insurance policy is a contract with an insurance company in exchange for premium payments. Upon the insured's death, a lump-sum payment, known as a "death benefit" is paid to the beneficiaries. Our specialist at Snyder-Ross Agency, can advise you on the best life insurance depending on your lifestyle, personal needs, and goals. Contact us today, and we will do our best to give you the best policy for the best price and the best service.
3 Main Types of Life Insurance
Whole Life Insurance
What is Whole Life Insurance?
Whole life insurance is one type of permanent life insurance.
Whole life insurance is the original life insurance policy.
Whole life does not equal permanent life insurance.
Term Life Insurance
What is Term Life Insurance?
Term life insurance is a type of life insurance policy that has a specified end date. (Ex. 30 years from the day it begins).
During a term life policy, the death benefit will only be paid out if the policy holder dies during the chosen term. (Dates chosen)
Universal Life Insurance
What is Universal Life Insurance?
Universal life insurance is a type of permanent life insurance coverage that offers both a death benefit and a cash value component.
The Insured person is covered for the deration of their life as long as they pay the premiums and fulfil any other requirements of their policy.
Whole Life VS Term Life
Whole life insurance is a form of permanent life insurance that covers the person for their entire life, rather than for a fixed period of time. Whole life pays a guaranteed death benefit and has a cash value component that the policyholder can borrow against or withdraw under certain conditions.
- Premiums are guaranteed
- Cash savings grows over time
- A medical exam is often mandatory
Term life insurance provides a guaranteed death benefit only if the insured person dies during the term, or the period of time the policy is in effect. Typically, that’s anywhere from one to 30 years or until a specific age. Term life insurance tends to be much cheaper than whole life coverage because term policies do not have a cash value component and may expire without paying any benefits.
- Premiums may change
- Terms are flexible
- Some policies can be converted to whole life
- A medical exam may not be required
Best Life Insurance Service In Pittsburgh, PA
There are several options for Life Insurance, ask our agents to help you find what's best for not only yourself but for your family as well.
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Snyder Ross Agency
Snyder Ross Agency specializes in providing some of the industries most impressive insurance rates throughout the Pittsburgh area.
Email: Snyder@Insurepgh.com
Phone: 412-653-3929
Address: 67 Old Clairton Rd, Pittsburgh, PA 15236
