1093 Charlevoix Drive
Grand Ledge, MI 48837
Life insurance is an essential policy to hold, even for people in great health. Unfortunately, though, accidents do happen. Here at Bye Financial Group, LLC, we recognize this and offer great life insurance packages to make sure your close friends and family are taken care of in case of an accident.
As residents of Michigan, we know the state has certain laws and requirements for insurance many other states may not have. For life insurance, the following essential laws and regulations are enforced in Michigan.
There are more state laws regarding life insurance. However, these are the most important ones for most people. For more information on case-specific rules, contact our office at (517) 622-5020 or visit us in Grand Ledge, MI.
Types of Life Insurance
There are two major types of life insurance plans to discuss, term and whole life. Term and whole life insurance are similar, although, they do have some major differences. The main points of term life insurance are:
Whole life insurance is different in the following ways:
If you would like to know more about the specifics of life insurance or policy costs, contact our office at (517) 622-5020 or visit us in Grand Ledge, MI.