Life Insurance

Life insurance provides financial security for your loved ones in the event of your passing. At Mike Carvalho Insurance Services, we understand that safeguarding your family’s future is essential. With our life insurance plans, you can ensure that those you care about are protected financially, whether it’s to cover funeral expenses, outstanding debts, or future education costs.

Life insurance comes in various forms, but the two main types are term life and permanent life insurance. Term life insurance offers coverage for a specific period, typically 10, 20, or 30 years, and is designed to provide a death benefit if you pass away within the term. It is often a more affordable option for those seeking coverage during critical financial years, such as while raising a family or paying off a mortgage.

Permanent life insurance, on the other hand, provides lifelong coverage. In addition to the death benefit, these policies typically have a cash value component, which grows over time and can be accessed for loans or other financial needs during your lifetime. Options under permanent life insurance include whole life, universal life, and variable life insurance, each offering distinct benefits depending on your long-term financial goals.

At Mike Carvalho Insurance Services, we help you assess your needs to determine the appropriate type and amount of coverage. We consider factors such as your family’s financial needs, any debts you may leave behind, and long-term expenses to provide a plan that offers peace of mind for you and your family.

For personalized guidance on life insurance, reach out to Mike Carvalho Insurance Services today. We’ll work with you to create a plan that aligns with your financial goals and protects what matters most.