We can’t predict what may happen in the future, but it is always good enough to be prepared and ready. Insurance plans are the ones that can help you become safe and secure in the future no matter where you live. Let’s take a look at life insurance, using the example of St. Augustine life insurance.

There are basically two different types of life insurance available – there is term life insurance and whole life insurance.

Term Life Insurance

Term life insurance is a minimal or simple type of St. Augustine life insurance, that is also inexpensive in nature. You may pay the insurance company monthly or through annual bills, to secure your relatives or loved ones. Depending on the insurance company, you may be able to choose between how many years you would like your insurance to cover. You can still renew the insurance later on or you may choose to put an end to the service the moment it expires. Rates may vary on the insurance company.

There are many insurance companies to choose from and they may also offer a wide range of deals regarding insurance terms. Continuing the terminated or ended insurance for another set of years will be a good choice if you want to retain the security and safety of your family.

Whole Life Insurance

Whole life insurance quotes are the quotes that are given on a life insurance policy that extends for the amount of the life of the insured. They differ from term life insurance policies in a way that there is literally no term and no end in the insurance contract, all payments are made on a yearly basis. There is no paying of premiums for twenty to thirty years, with nothing to show for it at the end of the stated term that goes with the term life insurance policies.

Whole life insurance policies are in effect for the life of the person being insured (and paying the premiums) and the payout occurs at the death of the insured whether they are 43 or 83 years old. At this time the beneficiaries will receive the funds within the St. Augustine life insurance policy. A whole life insurance policy can be obtained at any time, although the premiums will differ according to the age of the insured, and their overall health.

The type of St. Augustine life insurance you choose depends on how much you are willing to spend and whether you want your insurance to have a term or not.