Nobody plans for tragic life events, but it’s a sad reality for some. Peace of mind is knowing your loved ones will have the financial support to cover medical bills, funeral expenses, mortgage, college tuition, and other expenses.
With more than 40 years experience in the Daytona Beach Life Insurance industry, O’Quinn Insurance has become one of the top family-run Daytona Beach Life Insurance agencies providing fast, efficient, and competitively priced insurance options.
Our family of customers have made O’Quinn one of the most highly-trusted and -respected names in Volusia and Flagler Counties for insurance and financial needs. Contact us today for more information.
Term Life Insurance
Term Life Insurance is the equivalent to renting a house rather than buying it, the term is a fixed, temporary one that covers the insured over that particular period of time – typically 10, 15, 20, or 30 years. During that time, premiums are guaranteed not to increase. Once the term is over, customers may continue to pay for an increased rate. If in the event of a tragic event resulting in death of the insured, the beneficiaries of the policy will receive a cash death benefit. This is usually a more affordable option for families to ensure that the family is covered in the case of unexpected death, creating a safety net for the family.
Permanent Life Insurance
Permanent Life Insurance differs from term in two major ways. First, the policy is for the entirety of the insured’s life. Second, a portion of the money paid into the policy is invested into an account where customers can access the cash later in life – a financial investment in addition to an insurance policy.