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  Contact : (916) 947-5237

Life Insurance

There’s no perfect policy for everyone, rather a huge variety of options, so you can find one that fits your budget best. Choosing the right insurance policy isn’t an easy task, but if you know what you’re looking for before you start comparing policies, it can be pretty simple. The best way to approach this crucial decision is to establish whether your life is likely to change significantly, so you can decide which type of insurance you want to invest in. Life insurances can be either term plans or whole life covers.

  • Term Plan
  • Whole Life

Term Plan Insurance

Term life insurance is widely believed to be the most affordable kind of policy, with benefits that include financial security for your dependents and tax-free proceeds for a specific duration.

You can choose a plan that is active anywhere from 5 years to 30 years and onward, depending on your current financial capability and requirements. You don’t need to worry about being bound to the same plan for longer than the term of your choice, since you only pay premiums for the duration you have selected.

A term life plan could be the perfect way to ensure that your family remains financially stable, since it provides your beneficiary with death benefits if you die while the plan is still active. If you’ve been making your payments in a timely manner, a term life plan will offer coverage throughout the duration of the term, and proceeds from the plan are normally tax-free.

It’s more likely that you’ll get approved for a policy at lower rates when you’re young and healthy, with premiums increasing with age and affected by medical conditions and general health. The premiums might be higher if you’re older (up to 75) or have a pre-existing medical condition, but a term plan will still ensure that your family receives death benefits in case of your demise. While you’re in your 30s or 40s, you could easily get thousands of dollars’ worth of coverage at a little less than a dollar a day!

We offer a wide variety of term life insurance products from many different carriers, and can help you decide which one is the best fit.

Whole Life Insurance

A whole life policy, as the name suggests, protects you for your entire life and ensures your loved ones will not be left uncared-for after your death. This policy has a fixed premium, within which you get the dual benefits of insurance coverage as well as an investment plan that continues to grow as long as you’re alive!

The insurance component of the policy pays the assured value to your beneficiary in case of your death, while the investment component gathers cash value which you can use during your lifetime. You can also put additional money into the policy on a tax-favored basis, and the cash value can be withdrawn or borrowed against (if you have paid your premiums on time and/or added to the initial premium amount).

On the other hand, you could opt to receive dividends on the policy, which increases the cash value until it is the same as the face value of the plan, without the addition of extra funds from your pocket. The increased cash value (from dividends or additions) is also added to the death benefit that your beneficiary will receive, which makes a whole life policy a very viable investment for the long run.

The annual premium amount for a whole life plan remains the same throughout your lifetime, making it ideal if you’re looking for coverage that involves minimal long-term investment. While it may cost a little more than a term plan in the short run, a whole life policy works out as a wise choice for life-long coverage.
We offer whole life insurance policies from a wide selection of mutual insurance companies, some of which have been around for over a century. Our policies give you the combined returns of assured and unchanging premium value, death benefits and lifetime cash value,


Get your tailor made life insurance policy today.   CONTACT US NOW

COMPANIES WE DEAL WITH
AUL
Mass Mutual
Ameritas
Ohio National