Life & Accidental Insurance
What is Life Insurance?
A means by which you can protect the financial future of anyone who is dependent on you. Essentially life insurance is a contract between you and a life insurance company in which the company promises to pay out a lump sum to your beneficiaries in exchange for your premium in the event of the insured’s death.
Those seeking life insurance must undergo underwriting and be deemed insurable. The cost of insurance will be based on age, health, gender, occupation, lifestyle, driving record, and family health history.
Principal benefits of life insurance:
- Replace your income
- Pay off mortgage and other debt
- Pay for final exprenses
- Pay for child's future education
- Transfer & create generational wealth
- Maintain & elevate family's lifestyle
- Peace of mind in protecting your legacy
- Disability income benefits (optional)
- Long term care benefits (optional)
- Allocate benefits to a charity
Life insurance options consist of:
Term Life Insurance. This type of policy is the most affordable form of life insurance and is guaranteed for 10, 15, 20, 25, or 30 years. Your coverage and premium are guaranteed for the selected period regardless of change in age or health.
Permanent Insurance. This type of policy could potentially cover you up to age 100 unlike term insurance. Permanent insurance generally comes in two forms and are listed below.
Universal Life. This type of policy is built with a cash value side fund. The cash value earns interest based on current market rates. Policy owners can adjust premiums and borrow against cash value.
Whole Life. This type of policy has the greatest guarantee making it the most expensive option. Premiums remain level and the policy builds cash value.
When should I get life insurance?
Yesterday! The younger and healthier you are when you apply, the lower the cost of insurance. That rate is locked in for the life of the policy regardless of change in health or increase in age. You could potentially be 60 years old paying the rate of a 25-year-old in good health.
Who should get life insurance?
Everyone! You need coverage if you are young, single, married, a breadwinner, if you take care of the home, if you are a homeowner, parent, grandparent, retiree, or a business owner. Coverage is important at every stage of your life.
Life insurance is your last I love you!
Your yes to life insurance will not only eliminate the financial burden
created in your absence but it can also create generational wealth improving the quality of life of those you leave behind.
Protect your legacy!
Office
2725 E Pacific Coast Hwy.
Suite #101
Signal Hill, CA 90755
