Life Insurance in North Miami, FL 33161

Everything You Must Know About Buying Term Insurance Plan In North Miami, FL

You’ve probably come across the term ‘Term Insurance Plan’ and wondered what it is and how it differs from other types of life insurance policies.

A term insurance plan is a simple and income tax-free life insurance plan that assures paying a defined sum of insurance coverage at the end.

As the name implies, term life allows you to choose the maximum coverage amount you want your beneficiaries to receive and the number of years you would like to be protected. Compared to permanent life insurance, the premiums for this type of insurance are low.

In many cases, term insurance can be convenient and inexpensive. For example, suppose you are a teen mom with kids in Miami-Dade County; in that case, you could obtain a policy that will protect you for a sufficient number of years until your children reach the age of professional adulthood and can earn money for themselves.

If something misfortune happened to you during the policy’s term, your selected beneficiaries would obtain their related coverages in term insurance plans.

Basic Overview Of Term Life Insurance

A term life insurance policy in Miami-Dade County is a simple, tax-free, and direct plan that protects your family for a specified period. It’s also one of the least expensive types of life insurance available.

The key feature of this type of tax-deferred life insurance is – Policy’s Term Length. This is the number of years the policy will cover your beneficiary or beneficiaries. The most common term lengths are 10, 15, 20, and 30 years.

Term life insurance works because if something misfortune happens to you during your coverage, the life insurance payout of your policy, known as a death benefit, is paid to the beneficiary.

The death benefit can go toward your partner’s rent or mortgage, your children’s education, paying off any lingering debts. It can help those mourning your loss address their financial needs and worries during a difficult time. The death benefits are usually not taxed as well.

Term insurance in Miami-Dade County can protect the family during the years when family members require it the most. A parent with young children, for example, can buy life insurance coverage that lasts at least until the children finish college.

Alternatively, a couple who has recently purchased their first home can select a term length that lasts until their mortgage is paid off.

Who Should Purchase A Term Insurance Policy & When?

Term insurance policies in North Miami, FL are the best option in the following situations:

1) If you are looking for an insurance plan in North Miami, FL that fits your budget, term insurance policies are a great option because they have low premiums.

2) If your family’s income depends on the sole breadwinner, a term insurance policy is right for you. You can purchase the right term life insurance policy in North Miami, FL, to protect your family’s financial life in the event of your untimely death.

My Term Life Guy in North Miami, FL enables an easy way to buy affordable term life and permanent life insurance online to protect the people you care about the most financially.

Suppose you want to know how much your monthly premium will be while purchasing life insurance in North Miami, FL. In that case, My Term Life Guy can get you a life insurance quote online quickly and easily. There is significantly less paperwork, and the sign-up process is entirely digital.

Unlike many other insurers in Miami-Dade County, it’s a significant advantage for you that no medical exam or medical history is required. Contact our My Term Life Guy team on 561-990-9017 to know our term life insurance plans for long-term care and protecting the financial strength to protect your family.

Some information about North Miami, FL

North Miami is a suburban city located in northeast Miami-Dade County, Florida, United States, about 10 miles (16 km) north of Miami. The city lies on Biscayne Bay and hosts the Biscayne Bay Campus of Florida International University, and the North Miami campus of Johnson & Wales University. Originally the town of ‘Arch Creek’, the area was incorporated as the ‘Town of Miami Shores’, which was renamed the ‘Town of North Miami’ in 1931. It was reincorporated as a city in 1953.

In the final phase of Indian inhabitation of the area that eventually became ‘North Miami’, United States Army soldiers in 1856 cut a Military Trail through nearly impassable thickets and rivers connecting Fort Lauderdale to Fort Dallas at the mouth of the Miami River. This eight-foot trail, Dade County’s first roadway, crossed a unique natural bridge — a natural limestone bridge spanning 40 feet (12 m) across the creek that no longer stands in Arch Creek Memorial Park — in an area that would attract a settlement that early on would be known as ‘Arch Creek’. Even before 1890, a handful of adventuresome pioneers spent brief periods around the Arch Creek Natural Bridge, a centuries-old Indian settlement.

In 1891, Mr. Ilhe was the first to put down roots in the Arch Creek vicinity. He purchased 80 acres (320,000 m²) from the State of Florida at one dollar an acre in the area of today’s N.E. 116th Street and Biscayne Boulevard. The place was so remote that his nearest northern neighbor was thought to live in Ft. Lauderdale. Mr. Ihle built a temporary palmetto frond shelter. During the next 27 years he grew shallots, coontie, squashes, bananas, sugar cane, Puerto Rican pineapples, lemons, guavas, limes, rose apples, Jamaican apples, and tomatoes.

By 1905 the area surrounding the nine-year-old Arch Creek Railroad Depot had become the community’s hub. It was located at 125th Street and the F.E.C. tracks. That year a post office and a school were opened nearby. By 1912, eighteen homes, a church, a general store, a blacksmith shop, and two tomato packing houses were located around the railroad. The population was estimated at less than one hundred. Farming was still the principal occupation.

Learn more about North Miami.

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