Connect With Life Insurance Companies in Missouri
Life insurance is an excellent way to provide for your family even after death. NEC Insurance offers a clear path to coverage.
Find Out What Variable Life Insurance and More Can Do for You
When planning for your financial future, life insurance is often an afterthought. But when the unexpected happens, life insurance can be a crucial safety net—so it’s important to understand your options.
When you purchase a life insurance policy, you pay premiums to the life insurance company in exchange for them providing a death benefit if you die during the term of the policy. This death benefit is intended to provide your loved ones with financial security in case of your untimely death.
Some plans, such as variable life insurance, are more specialized and are structured to help you fulfill certain purposes like tax planning objectives and investment goals. The policy offers a cash value that varies depending on the premiums you pay, fees and expenses, and the investment opportunities available through the coverage.
There are many types of plans to choose from, and NEC Insurance is here to help you forge a path toward the policy you need to feel confident about your situation. We’ve helped Missourians with life insurance for over 30 years. Our flexible options are designed to suit your needs, no matter the scenario. From whole life insurance to term life insurance, we have the tools to address your needs according to your budget and long-term goals.
Why You Should Secure a Life Insurance Policy
No one likes to think about what would follow if something unexpected happened to them. However, having a life insurance policy can give you peace of mind and enhance your financial planning capabilities when planned out properly.
For example, it can be used as an estate planning tool—providing funds to cover any taxes or debts at the time of death. It can also be used as part of retirement planning, allowing beneficiaries to pass along non-taxable income. If you want to strengthen your tax mitigation strategies, you can also use a life insurance plan to take advantage of more favorable tax treatment throughout your life and after death.
What to Consider When Shopping for Insurance
When shopping around for the best coverage plan, ensure you understand what coverage is included in each policy—e.g., do they cover long-term illnesses or terrorist attacks? It’s also important to consider additional riders that may be available, such as accelerators, which allow you to access money earlier should you become ill before reaching retirement age.
NEC Insurance knows how confusing understanding the details and costs of insurance can be. That’s why we take the time to learn about your vision for an ideal plan and find a way to secure the lifelong coverage you deserve. When you work with our professionals, we demonstrate how the insurance strategy works and how you can use it to its utmost potential. We’re your guides.
We Deliver Beneficial Universal Life Insurance Policies
Universal life insurance is a permanent life insurance policy that offers flexibility in how much you pay and when you pay it. You can adjust your premiums based on your budget and lifestyle needs or skip payments without penalty if enough money is in the cash value account.
Universal life policies also offer living benefits such as accelerated death benefits or long-term care riders, which can help cover certain costs associated with major illnesses at an earlier age than traditional policies would allow. NEC Insurance can help you explore all the benefits of a universal insurance policy. We can secure riders that are compatible with your budget and financial goals.
Find the Best Coverage at an Ideal Price With Our Agents
NEC Insurance is no stranger to the insurance market. We have more than 45 years in the industry and have spent every moment of our careers delivering optimal coverage to Missourians. Our agents lead you to the right products at the right rates.
Term Life vs. Whole Life Insurance
Term life insurance is ideal if you’re looking for an affordable policy that can provide coverage over a specific period. This policy pays a death benefit to the beneficiary when the insured person dies within the specified term. The premiums are typically lower than other life insurance policies, and no cash value element is associated with this plan. It’s important to note that once the term expires, it will not renew unless you choose to purchase a new policy.
Whole life insurance is designed to provide long-term financial security for your loved ones in the event of your death. Unlike term life insurance, whole life has a death benefit and cash value component, which means you can build up funds while still receiving lifetime protection. Premiums are typically more expensive than term policies. However, they remain level throughout the policy and can be used as an estate planning tool or to leave an inheritance for your beneficiaries.
Are you unsure which plan is the most appropriate for you? The NEC Insurance team is ready to step up and help you make more sense of your options. We’re seasoned insurance experts with the advanced tools and knowledge base you need to navigate the market. You also have complete access to our portfolio of over 30 qualified carriers.
Child Whole Life Insurance
A child whole life insurance policy is a type of life insurance that offers guaranteed lifetime coverage for your child. It provides your family with a death benefit if your child passes away and can also offer cash value benefits that can be used in the future. Like other types of permanent life insurance, the premiums you pay are locked in for the duration of the policy, even as your child ages. The policy also accumulates a cash value over time, which can be used during retirement or other later stages in life.
NEC Insurance can help you build a comprehensive insurance plan. The primary benefits of investing in a child whole life insurance policy include:
- Guaranteed coverage for your child’s entire life
- The ability to access cash value benefits during retirement or later stages in life
- The potential to build tax-deferred savings and receive dividends on the policy
- The flexibility to adjust the amount of coverage or add riders to tailor the policy to meet your specific needs
