Don Cox Answers Life Insurance Questions
May 30, 2016 04:20PM
As a local Farmers Insurance agent in Tucson, Don Cox helps clients understand and identify the life insurance coverage that best fits every individual’s needs. In the straightforward and personalized process, Cox uses his knowledge and experience to help clients better understand their life insurance coverage options.
Farmers’ life insurance policies can be tailored to fit one’s particular needs at any life stage. Policies tend to fall into two major categories: protection policies—designed to provide a benefit, typically a lump sum payment, in the event of specified event—and growth policies—where an additional objective is to facilitate the growth of capital by regular or single premiums.
“It’s a subject no one really wants to think about, but if someone depends on you financially, it’s one you cannot avoid,” says Cox. In the event of a tragedy, life insurance proceeds can: pay for funeral costs; help pay the bills and meet ongoing living expenses; pay off outstanding debt, including credit cards and the mortgage; continue a family business; finance future needs like children’s education; or protect a spouse’s retirement plans.