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Your family is probably the most important thing to you. Protecting them should be just as important. A sound life insurance program is the perfect solution. The primary purpose of life insurance is to provide cash for your family in the event of your death to ensure that they can remain in their home and continue to maintain an adequate standard of living. There are several types of life insurance available to those in Greencastle, Chambersburg, Mercersburg, Waynesboro, and the surrounding areas:


	Term Insurance covers you for one or more years. If you were to die during the term a death benefit will be paid. Term Insurance generally offers the largest protection for your premium dollar. It also does not normally build up a cash value. This policy is renewable for one or more terms. Each time you renew your policy for a new term, your premium may be higher. Ask about the premiums if you plan to renew your Term Insurance in the future. You may be able to trade in your policy for a cash value contract during special conversion periods.


	This type of insurance has a higher premium at the beginning of the term compared to a Term Insurance policy. Part of the premium will be used to pay for the death benefit, and the remaining amount will be invested into a cash value. You can use your cash value for many purposes. If you need to borrow some money, you can use a Policy Loan. If you don't pay back the loan and the interest on it, the amount you owe will be subtracted from the death benefit when you die. Another way you may use your cash value is to increase your income when you decide to retire. You can also use the cash to pay your child's tuition. In order to have the cash value policy you must pay a higher premium during the early years of your policy. Cash Value Insurance includes; Whole Life, Universal Life, and Limited Pay Life, which are all cash value policies.


	Whole Life Insurance covers you for as long as you live as long as your premiums are paid. When you first take out this policy your premiums will be higher than they would pay for Term Insurance. Usually in the long run you will be paying less for Whole Life Insurance than you would with all the renewals of Term Insurance.


	This is a type of insurance in which your payments are put into an account and accumulates interest. The payments due for the policy are taken out of that account. You must continue to pay your premiums and to keep your policy in force and elapse. If there is enough cash value in your account and you continue to pay the premiums you will generate a larger cash value for the future.

Antrim Insurance Agency, Inc.

Greencastle location
33 Center Square
PO Box 328
Greencastle, Pa 17225
717-593-0500 (phone)
717-593-0502 (fax)

Waynesboro location

1637 East Main St.

Waynesboro, Pa 17268

717-762-4565 (phone)

717-762-6801 (fax)

info@antriminsurancepa.com

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