Sheared Style Agency, LLC.
Robert L. Sheared
Principal Owner
Life Insurance
A life insurance policy is a contract between you and an insurance company. In exchange for regular payments, called insurance premiums, the insurer pays out money after you die. This payment goes to the people you choose as beneficiaries — usually children, a spouse or other family members. It can be an important safety net if anyone depends on you financially. Beneficiaries can use the money to repay debts, replace your income or provide funds for future expenses like college tuition.
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Term Life
Term Life is a contract between you and an insurance company that last for a specific period of time, such as 10,20, or even 30 years. In exchange for you premium payments, the insurer pays a death benefit to your life insurance beneficiaries if you die during the term of the contract.
Whole Life
Universal Life
Universal life (UL) insurance is permanent life insurance (lasting the lifetime of the insured) that has an investment savings element and low premiums similar to those of term life insurance. Most UL insurance policies contain a flexible-premium option. but some require a single premium (single lump-sum premium) or fixed premiums (scheduled fixed premiums).
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What is whole life insurance? Whole life insurance is a type of permanent life insurance that offers lifelong coverage and consistent premiums These policies include a cash value account, which is the investment component in permanent policies.