Two Reasons to Get Whole Life Insurance

If you need life insurance, there are different types of it that you can choose. One popular form of life insurance is the whole life policy. This type comes with specific benefits that you can’t get with other types of life insurance. If you’re interested in whole life, call us at Barry Insurance Group in Pearland, TX. 

It’s Good for a Lifetime

One of the reasons that so many people choose whole life is that it literally lasts for your whole life. As long as you continue paying your monthly premium, you can keep this coverage to the end of your life. Some life insurance types are only good for a specific number of years. But with whole life, paying your premiums guarantees that you keep the coverage and that the insurance company can’t cancel the policy no matter how old you are. 

The Cash Value

Perhaps the most common reason for people to choose this type of life insurance is that over time it builds a cash value. With this insurance, after you have been paying into it for a few years, you will have access to a portion of the death benefit if you need it. You can borrow against the amount of the cash value when you really need fast cash. This can help people out of a variety of financial problems over the course of their lifetimes. You can borrow the cash and pay it back later over time. If you were to borrow some of your cash value and then die without repaying it, your death benefit will still be paid to your beneficiaries, minus the amount that was borrowed. 

Get Your Whole Life Policy

When you are ready for a whole life policy, give us a call to talk with an agent about it. Call us at Barry Insurance Group in Pearland, TX.

How Much Life Insurance Do You Need?

The right life insurance coverage is crucial to ensuring your family’s financial stability after you are gone. At Barry Insurance Group in Pearland, TX, we know you want to leave behind a legacy instead of monetary worries. We work with our clients to give them the right amount of life insurance coverage for their unique situation.

Simple Formula

The simplest way to determine how much life insurance you need is to multiply your annual income by a number from 6-10. If you choose six, for example, your life insurance would pay the equivalent of six years of your salary. This can give family members the time to become financially secure. 

Another way to determine how much life insurance you need is to multiply your yearly salary by how many years you have until retirement or until your income will no longer need to be replaced. If you only have children to consider, then you may want to use the number of years until they are of the age to care for themselves financially. 

Don’t Forget Debts

In addition to replacing several years of income, your policy should be enough to pay off your debts. These include mortgage and car loans, medical bills, and final expenses. Medical bills can be challenging to determine far in advance. If you have insurance, consider adding your plans deductible for medical expenses. It’s wise to add the amount of your debt to the number you have to replace your determined years of income.

Contact Barry Insurance Group 

Barry Insurance Group in Pearland, TX works with clients to determine the life insurance policy that’s right for them. Contact Barry Insurance Group and let us help you get the coverage you need today. 


  • I have been a customer for years. BIG is always there to answer my questions and get me the right coverage.
    Dan Broussard
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