Life Insurance Dallas | Century Insurance Agency

Life Insurance

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Renowned Author, Speaker, and Personal Money Management Expert, Dave Ramsey Proudly Recommends Century Insurance Agency!

Century Insurance Agency provides Term Life Insurance in Dallas and surrounding cities, although we've catered to clients as far out as Houston and El Paso. Our agents, Mark Roden and Jeff Richard are both Dave Ramsey endorsed providers of car insurance, home insurance, and life insurance for Dallas and the North Texas area. If you are a follower of Dave Ramsey, you know that affordability and value are very important qualities in the companies he recommends. We are proud to offer our clients a variety of quality conscious products with the benefit of a personal relationship from an agent with values and ethics you can trust.

The Value of Life Insurance

Life insurance is a crucial step in planning for your future and the future of your loved ones. It can fulfill promises made to your family if you are no longer around by providing a death benefit to your beneficiaries in return for premiums paid to the insurance company. It can also provide benefits while you are still living.

Advantages of the Death Benefit

Provides income tax-free money to your named beneficiary(s) that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need you leave behind.

Can provide business security by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Assessing Your Need

The amount of insurance you select should be dependent on your personal and financial needs. We can assist you in determining an appropriate coverage amount and help you decide on which type is right for you.

Generally, you should consider life insurance if you have:

• A spouse
• Dependent children
• Aging parents or a physically challenged relative who depends on you for support
• Retirement savings that is not sufficient to ensure your spouse's future financial well being
• A sizable estate
• A business

Life Changes - So Should Your Policy

As events happen in your life, your coverage may need to change to adapt to your current needs. Some life changes that may require you to reevaluate your coverage include: marriage, divorce, a new baby, purchase of a new home and retirement.

Types of Life Insurance

There are several different types of products available to consumers in the Dallas metroplex. The most common include:

• Term Life Insurance
  Term provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It's generally less expensive than permanent life insurance, and is available in varying term periods with fixed premiums from a one (annual renewable term) to 30-year period (level term). Furthermore, term insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.
• Whole Life Insurance
  Whole life is a form of permanent life insurance that remains in force during the insured person's lifetime, provided premiums are paid as specified in the policy, and it can build cash value. There are very few cases where whole or universal life insurance are appropriate. We rarely recommend this type of product.
• Universal Life Insurance
  Universal life is a form of permanent life insurance characterized by its flexible premiums, flexible face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage. This is another form of whole permanent life coverage, which is rarely a good fit for our clients' needs. We rarely recommend this type of product.