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Dover, NH 03820

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New Hampshire Insurance Blog

3 Benefits to Purchasing Temporary Life Insurance in New Hampshire

Temporary life insurance is one of the most cost-effective policy options for people seeking life insurance.  These plans typically last between 10 and 30 years.  If you live in New Hampshire and are thinking of buying term life insurance, this could be beneficial for you in various ways.  We at Gateway Property & Casualty serving Dover, NH could help you make informed decisions in finding the right policy for you and your needs.

Term Life Policies are Simple and Cost-Effective

Unlike whole-life policies, temporary policies tend to be less expensive.  Residents in New Hampshire tend to choose this policy because of its simplicity and cost-effectiveness.  These plans also are fixed throughout the policy.  Term life policies are good if you’re just seeking something for a set amount of years and don’t need something permanent.  It makes it easier for families on tight budgets to afford life insurance.

You Can Always Convert it to Permanent Life Insurance

There is also an option to convert term life insurance to a permanent one.  This normally happens if a person decides they need to have a permanent option.  They may start the first several years using term life insurance.  But when their circumstance starts to change, their medical condition, for example, they can opt to convert their plan to a whole life plan.

Provides More Flexibility

Term life policies are great for when you need them at specific times in your life.  It provides that flexibility you need that you don’t get in a whole life policy. For example, when you decide you need to start a plan for the next 10 years of your life, you can easily start one right away with a temporary life policy.

Contact Our Office for More Information

If you need more information about your temporary life insurance options, we’re always here to help.  Contact our Dover, NH area insurance professionals at Gateway Property & Casualty to schedule an appointment today.        

Life Insurance for Newlyweds: Protecting Your Future

Starting a new life together as newlyweds in Dover, NH is an exciting time filled with joy, love, and adventure. While it may not be at the top of your to-do list, life insurance can provide valuable financial protection, opportunities, and peace of mind, allowing you to focus on building your lives together. At Gateway Property & Casualty, we understand the unique needs of newlyweds and can help you find the right life insurance policy to meet your needs.

Protecting Your Future

In addition to the death benefits that come with life insurance, there are other ways it can be beneficial for newlyweds. For example, life insurance can provide financial support in the event that one spouse becomes disabled or unable to work due to a serious illness or injury. In this scenario, the life insurance policy could provide ongoing income to help cover living expenses and medical bills.

Planning for Future Expenses

Life insurance can also help newlyweds achieve their long-term financial goals, such as saving for a down payment on a home or paying for their children’s education. A permanent life insurance policy, such as whole life or universal life insurance, can build cash value over time that can be borrowed against or withdrawn for these types of expenses.

Estate Planning

Life insurance can be a useful tool for estate planning. A life insurance policy can be used to provide liquidity for estate taxes or to provide an inheritance for children or other heirs.

Working with Gateway Property & Casualty

We understand the importance of securing your financial future as newlyweds in Dover, NH. We offer a variety of life insurance options to meet your needs, from term life insurance to permanent life insurance. Contact us today to learn more about our life insurance options and to receive a quote.

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