Trappe, PA -- (ReleaseWire) -- 09/21/2017 --There is an insurance agency in Montgomery County, Pennsylvania that is getting a lot of attention for its life insurance offerings. This company, Kelly Insurance Agency, serves people in Collegeville, Limerick, Phoenixville, Royersford, and Skippack, Pennsylvania. The agency has been building local relationships for over 30 years.
The appropriate level of life insurance is a must for all responsible adults, even people who are still quite young. In fact, many would argue that life insurance coverage is more important for adults who are in their 20s and 30s than it is for senior citizens. This is because of the fact that people in this age group often have dependent children still living in their homes. Most families rely on two incomes to maintain their standard of living, so a devastating emotional loss can be compounded by financial hardships if the unthinkable was to take place.
Life insurance is the perfect income replacement vehicle, and a lot of younger adults that want to protect their families decide to purchase term life insurance. This type of coverage does not have any cash value, and policyholders cannot take out any loans against money they have paid for the insurance. As the name would suggest, the coverage is in place for a particular period of time when term life insurance is purchased.
The premiums do not change during the term, but after its conclusion, the insured individual would pay a higher premium for the next term. This can be a good option for young families to carry, because the premiums are based on age, and the coverage is quite inexpensive for younger parents.
Permanent life insurance is another option, and this insurance does have cash value. It is more expensive than term life insurance, but generally the premiums do not go up. After a significant cash reserve has been built up, an insured person can borrow against this reserve. The policy can also be canceled after a certain point and the cash surrender value would be paid to the policyholder.
Kelly Insurance Agency is strongly committed to client communication. They explain all of the life insurance options to each and every one of their customers, and they help people get the right coverage at the right price. This is how they have been able to maintain a sterling reputation for more than three decades.
About Kelly Insurance Agency
Kelly Insurance Agency is the leading provider of life insurance in Collegeville, Limerick, Phoenixville, Royersford, and Skippack, Pennsylvania.