You feed your family, support them, provide for them, and love them unconditionally. But have you thought about how they will cope if you suddenly pass away? Protect the people who depend on you financially with great life insurance in Brentwood, CA.
You want to make sure your loved ones are taken care of financially in case you are no longer around to support them. A life insurance policy is just the way to do this. As a selfless policy, you will never use it, but your family members will rely on it if the unexpected strikes. With a reliable life policy, your loved ones can focus on grieving rather than face financial hardship.
Shopping for life insurance cover isn’t as simple as entering in your details on a form and clicking the policy with the lowest premium. You want to be sure that your family has enough support behind them when you are no longer around. Acquiring insurance doesn’t have to be an exhausting task, but it is well worth knowing a few basics.
There are two main types of life insurance to choose from – permanent life insurance and term life insurance.
- Term life insurance provides protection for a specified period of time, such as five years, ten years, thirty years, etc. The coverage, or what is known as the death benefit, is paid out only if you die during the term of the policy. A term policy has fixed premiums and provides you with flexibility as your needs change.
- Permanent insurance, often known as whole life insurance, remains in force for your entire lifetime, provided premiums are paid as specified in the policy. This type of policy comes with guaranteed premiums, death benefits, and cash value growth over time. This option is especially popular for those who want an investment opportunity in case emergency cash is needed later on in life. What’s more, the cash value growth of a permanent policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn.
Life insurance is designed to protect your family’ finances after you pass. From funeral expenses, remaining debt, everyday living expenses, replacement income, and even your kid’s college tuition, life insurance can address financial concerns so that your family does not have to worry, sell assets, or alter their quality of life.
The right life insurance coverage for each one of our customers in California is unique. Talk to the team at Jack Stone Insurance Agency to find out how to protect your family, future, and finances with the right life insurance in Brentwood, CA.